Jun
03

Sterling Sale

Having bought the LA Clippers for $12.5 million in 1981, embattled owner Donald Sterling appears set to sell the club for $2 billion. That’s the second most ever paid for a team and a spectacular compound annual growth rate (CAGR) of 16.63%. The S&P 500, with dividends reinvested, had a CAGR of 11.23% over the same 33 years. At that rate, $12.5 million would now be worth just $420 million.

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