Owning a sports-team is a plute’s get-out-of-tax-free card

A US $100 bill, with Steve Ballmer’s grinning head superimposed over the LA Clippers logo in place of Benjamin Franklin. Image: Eric Garcetti (modified) https://commons.wikimedia.org/wiki/File:Steve_Ballmer_2014.jpg CC BY: https://creativecommons.org/licenses/by/2.0/deed.en

When Microsoft CEO (and Linux archnemesis) Steve Ballmer retired and bought the LA Clippers, it was easy to assume that the billionaire was engaged in a jolly, buying a major league sports team as a folly.

But far from it: Ballmer made his bones (and his billions) by cheating — lying about…



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