Two Billion?

This report from the LATimes is being waved around by the usual suspects. I’m puzzled by their jubilation, but it may simply be that they hate Goldstein Sterling so much they delight in anything that harms him. Getting $2 Billion for an asset you bought for $12.5 Million does not sound like harm to me. If he had plopped that money into the stock market, he’s have about $100 million right now. I’m sure Thomas Piketty is not happy about this development.

This is not about money. This is about black identity politics. The NBA is the black America pastime. Whites watch basketball, but nothing like blacks. All the players are black, most of the coaches are black, the reporters are black and the front offices and agents are increasingly black. Hip-hop stars are getting into the agent business for a reason. The AAU runners and street agents are all black. Basketball in America is pretty much all black with a small number of Jews. I think all but a few teams are owned by Jews.

The banishment of Sterling is about black pride more than anything else. The fact that blacks can force a billionaire white guy out of the league puts an exclamation point on what they have been saying for years. It’s their league and they set the rules. I suspect the gloating over the amount is that it confirms the league is a highly valuable property, like the white sports. The Dodgers just sold for $2 Billion and now we have a second tier NBA franchise fetching the same money.

Of course, idiocy is always a good starting point and this may be the case here. Basketball teams are not as valuable as football and baseball teams. There are a number of reasons for it, but the big reason is the league is so poorly run. Maybe that’s fixable. On the other hand, a sport narrowly focused on 13% of the population has a clear ceiling. On the other other hand, business continue to chase the homosexual trade, despite that being 2% of the market. Anyone who says people are rational is not paying attention.

There’s another angle and that’s bullshit. Unless and until the details of the sale are revealed, we cannot say for sure the team was sold for $2 Billion. The usual suspects are primed to believe certain things and they have suspended disbelief.

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So how much is that headphones company selling for to some “tech” genious?

economics institute

i was taken aback by that ROI $12 million into $2 billion for a single basketball team, and a bad one at that?