Originally posted by The Smoking GunSterling, a Los Angeles real estate mogul, bought the Clippers in 1981 for $12.5 million and the franchise--one of the most profitable in the NBA--is now worth more than $200 million.
Everybody knows about Sterling discovering the NBA's dirtiest secret, that you can be the worst team ever & still turn a tidy profit, but "one of the most profitable"??
http://sports.espn.go.com/nba/news/story?id=2122976 This took me about 10 minutes to sift through the first few paragraphs of the story to make sure I got everything right. ESPN is calling this the largest single player transaction in NBA history: