Raij Quoted on Potential Price Tag of Clippers Franchise

Partner Irwin Raij was quoted in a New York Times article published on May 24, 2014, titled “Sports Business: In the NBA, a Billion-Dollar Distressed Sale of the Clippers.” The article examined why the sale of the Los Angeles Clippers basketball franchise may be higher than the $575 million estimate made by Forbes magazine due to a trend of rising values of professional sports franchises combined with media rights. Raij was quoted saying, “Will it be a billion, $800 million, $900 million or $1.1 billion? I don’t know. But it will be significantly more than Forbes’s valuation.”