Report: Steve Ballmer made a second investment of $ 10 million in bankruptcy companies that approved Leonard
The owner of Clippers Steve Ballmer of defense in Kawhi Leonard salary and district and “No shows” It has been “plausible denability”. Ballmer said he was “deceived” like other investors When he put $ 50 million in the aspiration of the Green Bank Company (a company that had become a sponsor of the 300 million dollar team in 2021, but now it is bankrupt with his CEO who declares himself guilty of fraud). Ballmer observed that the Clippers concluded the sponsor of their team with the aspiration after it was defaulting on his obligations and said that it is he and the team knew nothing about the approval agreement by 48 million dollars of Leonard with the aspiration ($ 28 million in cash, the rest in stock) as well as what existed. Ballmer has vehemently denied the accusation that the clippers used the approval of Leonard’s aspiration to circumvent the NBA salary cap.
That topic is becoming increasingly difficult to believe.
After a detailed initial report, a second came from Pablo Torre discovers the podcast (which initially broke the story) The owner of the Clippers Dennis Wong minorities invested $ 2 million in aspiration at the end of 2022 – When the company was failing and struggled to make a payroll – and a week after Leonard he obtained a quarterly check of $ 1.75 million late.
Now comes a relationship that Ballmer has made a second investment of $ 10 million in the aspiration in March 2023, despite being clear at that point the company was failing and headed towards bankruptcy. The relationship comes From Mike Vorkunov to Athletic.
In March 2023, the owner of La Clippers Steve Ballmer invested almost $ 10 million in the financial technology and sustainability service company, according to the legal documents examined by Athletic and corroborated by a former aspiration manager …
Ballmer’s 2023 investment was part of a fundraising round consisting almost entirely by previous suction investors, with Wong which was the solitary exception. The company hoped to collect $ 75 million in fresh money, but it reached almost $ 9 million.
What is not known is when the payments on Leonard’s approval have stopped. He is a creditor in the failure of the aspiration, looking for $ 7 million who is still due.
Ballmer and Clippers did not comment on the latest accusations, but their defense is probably the same: Ballmer was making a personal investment (and not a great for Ballmer, which Forbes estimates is worth $ 153 billion), hoping to support the company and recover his original investment, which this had nothing to do with Leonard.
The latter report is another wave in the tsunami of the evidence that the clipper used the aspiration to channel extra money for Leonard outside his standard contract – perhaps they are all circumstantial tests, at least what we see publicly, but it is not difficult to connect these points. They are short lines straight lines in these points.
Commissioner NBA Adam Silver said on Wednesday that the burden of the test is in the championship – who has taken on a law firm to investigate his neutral third party – And that “it would be reluctant to act if there was a kind of simple aspect of impropriety”.
It seems more that an apparition now, the buzz in the championship clubs is that many owners feel in the same way, which means that silver will have to break down the hammer on the cutters (probably removing the future choices of the first round, seizing the clippers up to $ 7.5 million, suspending the team managers and could potentially cancel Leonard’s contract, although the last is unlikely).
The formal investigation of the NBA is in progress and will probably drag up for a while.