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Old May 30, 2014, 05:16 PM
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zman zman is offline
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Join Date: January 20, 2005
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$2B price tag for the Clippers really is shocking. According to Forbes, they reported $128M revenue and $15M EBITDA last year. So we're talking 16 times earnings or 130 times EBITDA. They've started to value these sports teams like leading technology companies. Apple also trades at 16 times earnings. I'm sure Steve knows something that we don't and is betting on aggressive global expansion of basketball which will create several new revenue streams.
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