And they will pay...a premium.
Now, one report, quoting one sports business analyst, suggests the Clippers' franchise might sell for as much as $780 million. Given the reported annual net income of $15 million, this is a price to earnings valuation of fifty (50). That number makes one pause, even if you consider the various avenues of untapped potential. (Note: The same report also states that Sterling denies any intent or willingness to sell the franchise.) That's why anyone considering a purchase or joining a syndicate has to have a plan, not just to do the deal, but how to create value in the franchise for the long term.