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The Fraudster Behind Steve Ballmer’s NBA Nightmare

The Wall Street Journal•Monday, October 20, 2025 at 1:00:00 AM
NegativeFinancial Markets
The Fraudster Behind Steve Ballmer’s NBA Nightmare
The recent dealings involving Joe Sanberg and Steve Ballmer, owner of the Los Angeles Clippers, have raised eyebrows in the NBA community. Sanberg's bank managed to secure an investment from Ballmer, but the subsequent deal with the team's star player has left many questioning its logic. A senior executive even remarked that it 'makes no business sense whatsoever.' This situation not only casts a shadow over the Clippers' management but also highlights potential issues in the financial dealings within professional sports, making it a significant topic for fans and analysts alike.
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