Sterling Sale
06/03/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
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.