Steve Ballmer’s $1 Billion Windfall Will Revamp Clippers Cheerleading Squad

Ballmer-Clippers-1940x1293LOS ANGELES – Steve “I’m Goin’ Crazy” Ballmer may have finally shown the business acumen that was missing for over 13 years as head of Microsoft Corp (Ticker MSFT).

The former Microsoft CEO became the Los Angeles Clippers new owner when he purchased the basketball franchise from the embattled Donald Sterling for an eye-popping $2 billion back in August- a sum equal to about four times the next highest franchise price ever paid.

Naturally, most observers thought it was just another in a long line of bad ideas stretching back through his Microsoft days (think MSN smart watch, Windows Vista, Windows CE, Zune, and even ‘Clippy’, that horribly annoying paper-clip cartoon that would pop up every time you attempted to do one thing in an MS Office application).

But all that skepticism was unwarranted it turns out.   According to a recent article in the Financial Times, Ballmer will likely be able to get $1 Billion in tax breaks on his Clippers deal over the next 15 years owing to some sneaky, little understood accounting treatments. Continue reading