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I am not US, but based on this comment: "The Clippers sale would easily beat the previous high price for an NBA team—the Milwaukee Bucks at $550 million earlier this year." I have to ask WHY?

10% of his worth is a huge amount to pay for something where your paying a premium, and its not likely to go up in value compared to other things he could buy.

Maybe its the billionaire version of a mid life crisis and convertible?