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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by sydthrowaway on Saturday November 27, 2021 @11:37PM (#29366191)
Wow, I can’t believe the minimum NBA team value is $1bn. Crazy market.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by TMWNN on Sunday November 28, 2021 @02:58AM (#29367063)
The big jump occurred when Ballmer paid $2 billion for the Los Angeles Clippers in 2014. Despite being a historically terrible franchise that is the third team in the city behind a) the Lakers and b) whatever team that you were already a fan of before moving to southern California, the price was four (!) times as much as what any previous NBA team sold for.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by arnvald on Sunday November 28, 2021 @05:38AM (#29367840)
It's unbelieveable, especially considering their values 10 years ago. Brooklyn Nets were acquired in 2010 for $200m, and then sold in 2019 for $3.3b - 16x more in 9 years!
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by dannyw on Saturday November 27, 2021 @11:40PM (#29366205)
You know the market is overvalued when an iteration of Runescape gold is "worth" multiple trillions.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by SturgeonsLaw on Sunday November 28, 2021 @12:36AM (#29366467)
You're laughing now, but you'll sing a different tune when you want to get your rune armour trimmed
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by wyxuan on Sunday November 28, 2021 @12:23AM (#29366398)
*excluding the Pelicans