We haven’t checked in much with former Microsoft CEO Steve Ballmer since he bought the Los Angeles Clippers of the NBA for $2 billion from the besieged Donald Sterling three years ago.
Lately, billionaire Ballmer says:
“I’m a new owner and I’ve heard this is the golden age of basketball economics. You should tell our finance people that. We’re sitting there looking at red ink, and it’s real red ink. I know, it shows up on my tax returns. So it is real red ink.”
Forbes, however, says it’s hard to lose money on an NBA team because the owners outsmarted the players’ union in getting player salaries capped at 51% of revenue. He’s probably not making a big return on his vast investment, but he’s worth $29.9 billion, so what does he care?
Steve earned his $30 billion. Here he is in 2007 showing his business acumen when asked about the other Steve’s new product, the iPhone:
Ballmer’s probably writing off Clippers’ “good will” on his tax return. So, to be technical, it’s more like the taxpayers’ loss.
Ballmer was always an embarrassing boss but can you imagine having him for your dad?
August 16, 2014 at 7:00 pm Updated April 2, 2015 at 7:51 pm
While playing for Lakeside, star basketball player Tramaine Isabell lived in a $6 million mansion owned by a Lakeside parent.
By Mike Baker
By the time Steve Ballmer’s oldest son reached his junior year at Lakeside School, the basketball program was in disarray.
The Lions finished the 2008 season with just two wins …
An elite private school with an endowment of $190 million, Lakeside was better known for its academics, chess team and being the place where Microsoft co-founders Bill Gates and Paul Allen began their alliance as students in the late 1960s.
Ballmer, however, was a basketball zealot who had been angling to own an NBA franchise, a goal finalized just last week with his $2 billion purchase of the Los Angeles Clippers. Before he had a pro team to call his own — and with all three of his kids involved with basketball at Lakeside — Ballmer focused his attention on the high-school team.
Ballmer and his allies at Lakeside attracted basketball talent to the wealthy school and aided them with a series of questionable tactics that included a new basketball-focused nonprofit, cash for a coach, an unusual admissions process and weak enforcement of academic standards. One star player stayed at a $6 million mansion as he shuffled through three years of an academic schedule that almost ensured he wouldn’t get a Lakeside diploma.
“They relaxed their academic integrity to accommodate athletes,” said Dana Papasedero, who coached baseball at Lakeside for two decades.
The tactics may have violated Washington state’s prep-sports rules, according to a Seattle Times investigation. But it all paid off: In just five years, Lakeside went from winless in its district to district champs for the first time in a quarter century.
The Lions kept winning all the way up until an overtime loss in the 2013 state title game — the best finish in school history.
Ballmer, who spent his high-school years at Detroit Country Day School, grew up playing basketball and wishing he had the skills to do it well. …
Ballmer became the ultimate fan at his kids’ games, bellowing supportive cheers and comments at a volume that verged on obnoxious.
Can you imagine how embarrassing it would be to have Steve Ballmer for your dad?
But in private, Ballmer expressed frustration with the team’s terrible performance …
“I’m going to open up a foundation, and we’re going to get black people in here,” Ballmer declared, according to Gordon’s testimony from March.
Email me at SteveSlr *at* aol*dot*com (make the obvious substitutions between the asterisks; you don’t have to capitalize an email address, I just included the capitals to make clear the logic — it’s my name without a space and without the vowels in “Sailer” that give so many people, especially irate commenters, trouble.)
I always appreciate my readers’ help, especially monetary. Here’s how you can help:
First: You can use PayPal (non-tax deductible) by going to the page on my old blog here. PayPal accepts most credit cards. Contributions can be either one-time only, monthly, or annual.
P.O Box 4142
Valley Village, CA 91617-0142
Third: You can make a tax deductible contribution via VDARE by clicking here. (Paypal and credit cards accepted, including recurring “subscription” donations.) Note: the VDARE site goes up and down on its own schedule, so if this link stops working, please let me know.
I’m using Coinbase as a sort of PayPal for Bitcoins.
The IRS has issued instructions regarding Bitcoins. I’m having Coinbase immediately turn all Bitcoins I receive into U.S. dollars and deposit them in my bank account. At the end of the year, Coinbase will presumably send me a 1099 form for filing my taxes.
Payments are not tax deductible.
Below are links to two Coinbase pages of mine. This first is if you want to enter a U.S. dollar-denominated amount to pay me.
Fifth: if you have a Wells Fargo bank account, you can transfer money to me (with no fees) via Wells Fargo SurePay. Just tell WF SurePay to send the money to my ancient AOL email address steveslrAT aol.com — replace the AT with the usual @). (Non-tax deductible.) There is no 2.9% fee like with PayPal or Google Wallet, so this is good for large contributions.
Sixth: if you have a Chase bank account (or even other bank accounts), you can transfer money to me (with no fees) via Chase QuickPay (FAQ). Just tell Chase QuickPay to send the money to my ancient AOL email address (steveslrATaol.com — replace the AT with the usual @). If Chase asks for the name on my account, it’s StevenSailer with an n at the end of Steven. (Non-tax deductible.) There is no 2.9% fee like with PayPal or Google Wallet, so this is good for large contributions.
Seventh: send money via the Paypal-like Google Wallet to my Gmail address(that’s isteveslrATgmail .com — replace the AT with a @). (Non-tax deductible.)
Here’s the Google Wallet FAQ. From it: “You will need to have (or sign up for) Google Wallet to send or receive money. If you have ever purchased anything on Google Play, then you most likely already have a Google Wallet. If you do not yet have a Google Wallet, don’t worry, the process is simple: go to wallet.google.com and follow the steps.” You probably already have a Google ID and password, which Google Wallet uses, so signing up Wallet is pretty painless.
You can put money into your Google Wallet Balance from your bank account and send it with no service fee.
Or you can send money via credit card (Visa, MasterCard, AmEx, Discover) with the industry-standard 2.9% fee. (You don’t need to put money into your Google Wallet Balance to do this.)
Google Wallet works from both a website and a smartphone app (Android and iPhone — the Google Wallet app is currently available only in the U.S., but the Google Wallet website can be used in 160 countries).
Or, once you sign up with Google Wallet, you can simply send money via credit card, bank transfer, or Wallet Balance as an attachment from Google’s free Gmail email service. Here’s how to do it.