Why did Steve Ballmer pay $2billion for the Clippers?

He tells ESPN: "Lots of people run lots of numbers. I feel like I paid a price I'm excited about. It obviously was a price that was negotiated and I feel very good about it. It's not a cheap price, but when you're used to looking at tech companies with huge risk, no earnings and huge multiples, this doesn't look like the craziest thing I've ever acquired. It's my own personal money, and you're just as careful with your own money as you are with your shareholders money. And compared to some of the public traded companies, there are great companies out there like Amazon with absolutely no earnings and a huge market caps and lots of risk. There's much less risk. There's real earnings in this business. There's real upside opportunity. So compared to the things I looked at in tech, this was a reasonable purchase and it's one I'm really excited about. Plus, I'm really excited about the product. I love it. I've been over a hundred basketball games in the last year and that's just high school games."

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