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'Shark Tank's' Kevin O'Leary

Donald Sterling Is a Business Genius!

6/21/2014 8:03 AM PDT BY TMZ STAFF
EXCLUSIVE

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He may be a racist ... and an ahole ... but when it comes to dollars and cents, disgraced Clippers owner Donald Sterling is a LEGEND in the investment community ... so says "Shark Tank" star Kevin O'Leary.

Mr. Wonderful was out in L.A. last night when we asked about the risks of investing in pro sports franchises ... and that's when the financial genius brought up Sterling.

"I think sports teams are based on losing money while you own them and hoping somebody else pays a lot more later. That has certainly been the truth. I mean the Sterling situation really accentuates that."

He continued, "[Sterling] put $12 million in play and now [the Clippers are] worth $2 billion? Very. Smart. Man."

O'Leary explained that people can argue about the content of Sterling's character ... but at the end of the day, you can't argue with the cold hard numbers.

For more sports stories, check out tmzsports.com!
23 COMMENTS

No Avatar

1.

Zra    

Don Sterling would have been a great plantation owner.

68 days ago
2.

Bullwinkle94a    

I figured from Day One that he had his girlfriend do this to jack up the sale price.

68 days ago
3.

Darklighter    

Boston sports haven't been good over the past year? Bruins in the SC Final last year, the Pats in AFC championship game for the fourth year in a row and the Red Sox win the World Series back in October.....yeah it's been real trying times here. Get a clue kid you don't know sports or business apparently.

68 days ago
4.

Randy     

Sterling and Jerry Jones, two bone heads with a lot of money.

68 days ago
5.

FREEDOM    

STERLING IS A GENIUS, A RACIST NO.

68 days ago
6.

lourdgoogoo    

O'Leary is a jerk.

68 days ago
7.

levi    

Sterlings wife owns 50% of the team, so she gets $1 Bil. of that. The tax man get 30-40% of whats left. Then Sterling waited to long to sell, he's over 80 yrs old and docs say he's losing his mind.
He did good, but could have done a lot, lot better.

68 days ago
8.

ee    

NBA should never allow that ******* a big profit.

return his 15 million.

68 days ago
9.

denys    

Finally a voice of reason. I've said the same thing. I'd rather have Sterling handle my affairs than any "good" person who is judgmental and equally hateful - if not worse in reality.

68 days ago
10.

01void    

The man is right on target, you can't argue the fact he makes enough money for life, oh well that won't be for long now.

68 days ago
11.

Luz    

I agree with Kevin O'leary.

67 days ago
12.

Luz    

Where was this cameraman pointing?

67 days ago

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