This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Here's Who Could Buy the L.A. Clippers Now

Larry Ellison

As the world's fifth-richest man at an estimated $50 billion, Larry Ellison, founder and CEO of software giant Oracle (ORCL), can certainly afford the Clippers. Following Ellison's failed attempts to acquire the New Orleans Hornets and Golden State Warriors, I doubt he would want to lose for a third time. Ellison has to be on a short list of front-runners, assuming that Johnson's team don't win out. It would also be fun to watch the Clippers play the the Portland Trailblazers, which is owned by Microsoft (MSFT) co-founder Paul Allen. The software rivalry would continue.

Floyd Mayweather

Boxing champion Mayweather is the least-likely candidate. But he wants everyone to know that he's interested. On Tuesday, while promoting his upcoming fight with Marcos Maidana, ESPN reported that Mayweather formally introduced in candidacy for ownership. Mayweather was quoted as saying:

"I called Al today about that to see if me...and a couple of other guys, a couple other of my billionaire guys, we can come together and see what we can come up with. Hopefully, we can do it, and it's not just talk."

Mayweather was referencing Al Haymon, a respected boxing adviser/promoter who is known for having strong sports connections, which has helped him deliver some of the best TV coverages for Mayweather and other fighters. But given Mayweather's checkered past, which includes a few run-ins with the law involving (among other things) domestic violence, he's not going to be looked upon as a suitable candidate. While he is worth an estimated $350 million, Haymon will need some serious clout to convince a jittery NBA that Mayweather can represent the league's interest, which is highly unlikely.

David Geffen

Entertainment mogul David Geffen, who is current owner of the National Hockey League's Pittsburg Penguins, has risen fast up everyone's list. Four years ago, Geffen offered $700 million to buy the Clippers. Earlier this week Geffen told Forbes he would very much like to buy the team. Geffen is worth $6.1 billion. Money won't be an issue. But four year ago it seems money was the issue after his bid was rebuffed. How much of a premium he's willing to give will determine how serious of a candidate he is considered.

There are other candidates out there who have not proclaimed their interests. The list is long, including Oprah Winfrey and Billy Crystal, who is a long-time Clippers fan. There are also rumors that Ellison, Geffen and Winfrey, all friends, are willing to pool their monies together to become part-owners.

However, with so many corporate sponsorships within sports, it's a little surprising that no one is talking about actual corporations buying the Clippers. A company like Staples (SPLS), which is desperate to revive itself, can make a statement with an acquisition. After all, the Clippers play in The Staples Center. With $1.1 billion in operating cash flow and another $500 million in cash on the balance sheet, Staples can make this happen.

Of course, there is Apple (AAPL), which is headquartered in Cupertino. Why not? The company doesn't have to change the team name to the iClips, but Apple can come with creative ways to make iPads and iPhones very useful and engaging tools to watch the games.

Then there is Samsung (SSNLF), which has spent $13 billion in marketing. It seems half of that budget went to the NBA. How else can Samsung proclaim the "next big thing is here" but with a splash at Samsung Arena? In the process, the Korean tech giant will remind Donald Sterling just how far minorities have come.

The good news is the NBA is in great hands and the Clippers are valuable enough where new ownership wouldn't be taking over a charity case. As a Miami Heat fan, I have to admit it will be awfully hard to root against the Clippers should the teams meet in the NBA Finals. It seems that while Sterling reminded us of how far we are from racial equality, he was instrumental in identifying the NBA's first-ever "America's team."

At the time of publication, the author was long AAPL.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.75 -1.10%
GOOG $693.00 0.29%
FB $117.53 0.69%
TSLA $240.75 -2.80%
YHOO $36.61 0.06%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.49 -10.32 -0.50%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs