the community here, players on the team, and this interim ceo, dick parsons. he said there is a real potential for this to become america's team because a lot of people have been following the story very closely. now the worst is behind us as far as getting donald sterling of the mix. we talked about steve ballmer, paying an extra ordinary amount of money for this team, 12 times revenue. $2 billion and he says there's a lot steve can do with this team and the players are very excited. it should be exciting. listen to this. >> i will go so far to say it's much ado about nothing. but we are a long, long way from a transaction. i know time warner management very well. i put most of them in place. i know the time warner board very well. i know that if they manifest this -- i've been going half a dozen years -- that they have shareholder value uppermost in mind. the stock has tripled in the last six years. i think they have their shareholder base with them and they know what they are doing. they've got a plan going forward and with respect, just look at that from t

trish regan got a chance to sit down with dick parsons. when did you get?> i just sat down and little while ago with the interim ceo of the clippers, dick parsons. i am outside the staples center. we talked about what it meant for the community, what it means for the country, what it means for the nba. a lot of very relieved people right now that in fact, knowing that this deal is going to get done. $2 billion deal from the sale of the team to steve ballmer will happen. he pointed out that this is important for the country and the community. >> this team actually has the potential to become america's team because of the way they went through this firestorm, the way they hung together, and the way they're going to come out of their corner when the season starts. >> he really thinks that there is potential here for the whole country to rally behind the clippers and for it to become america's team. he also said it is critical and very important that finally donald sterling is stepping aside. >> let's not get to a far ahead of ourselves, what the judge said yes

dick parsons shows us his playbook for the l.a. clippers. this is a bloomberg exclusive.or shows us how to take care of business in venture capital. and finally -- a bird, a plane? actually, no. putting you in the middle of the mayhem.

clippers dick parsons. he will be on with trish regan.not want to miss what he has to say about their plans for the l.a. clippers. the luxury private jet setting a new standard for speed and exclusivity. 50.k at this gulfstream 6 toy can fly from new york hong kong without stopping to refuel. it pushes close to the speed of sound. how much to buy one of these? sticker price -- $65 million. if you want one, get in line. the jet is so sought after no could be money -- you worth billions, but you cannot cut in line to get your hand on one. dan, i know you have sold a few of these yourself. of some of the famous people who own these jets. , paul allen,knight you have spoken to him directly. he wants one. >> everything is anonymous and quiet in our business, but he is an active buyer looking for the right aircraft. one foreen looking for over a year. it is a specific requirement that he has and the price point he wants to be at. is only a few aircraft that come to market annually. >> you know these guys, but paul allen is worth billions. $65 m

dick parsons. far away, there was a merger and acquisition, a combination of those co-companies.here is a budding frenzy from a standpoint of a creative transaction. with its renewed ceo and board confidence, robert profusek is with us. confidence. this is the first inning of an m and a.- of >> some mind blowing numbers in terms of the size of these things. aremost guys like me, it is billion. that is what pays the rent, so to speak. the pipeline is bursting. there is a factor about confidence. of these other things. the average ceo is about five years, not 25 years like the old days. you have to reallocate your resources. most of the deals we have seen have been about capital efficiency, not empire building. >> you need a billion dollar worth of deals to pay the rent. if you annualized what we have seen, we're going to be well north above two. can we sustain that? >> so many of the deals involve stock. stock -- >> the market is at an all-time high. by and large, when people announce big deals, instead of stock going down, which is historically the case, the --.rs stock takes the

dick parsons. he's had quite the storied career. he was talking yesterday to our trish regan about the sale of the l.a. clippers and here's what he said about shelly sterling. >> one of the things that the judge found was that shelley had the right as the sole trustee to commit to the sale to steve ballmer. she gave the nba a blanket indemnity that says if we get this sale done, you know, donald continues to sue and carry on, the trust or the assets that were in the trust will stand wind and indemnify the nba. so he's really suing himself. >> so this deal should be completed by the end of next month. steve ballmer will be the new owner of the l.a. clippers? >> what is the final price? >> it's move the valuation of the knicks way up high. >> one cannot help but wonder what's happening to the miami heat. you're a stone thrower from miami. i guess that makes you a miami fan. what's the word about losing lebron and what it's worth? >> we're still worrying as to whether the miami hit will make it to the finals. that's the worry. >> it's

from dick hearing parsons at 3 p.m. eastern. another big name, you just mentioned him, bill ackman who lost a fortune on herbalife last week after his poorly received presentation sent the stock soaring. he has his famous short on the making some ofis that dough back. shares are tumbling after the earnings missed estimates. let's bring in cory johnson who has been following the story for us. claims, accusations, grand presentations. >> ivan spent a lot of time on herbalife and some called last week and said if i would take a look at it. when i look at the business, the numbers of what is going on, we started to see some trends that show themselves farther. the sales growth is really slowing in this company. saw seven percent year-over-year growth, over 12%, after 19%. if you were to go back a couple of years, you would looking at his this is growing at 30 or 40% year over year. the sales growth is rapidly declining. >> could this be because of bill ackman's claims, they have been forced to clean up their act? they are not trying

clippers interim ceo dick parsons testified in court saying head coach and team president doc riversdo walk if donald sterling remains owner of the team. parsons said losing rivers would be a disaster that would accelerate the death spiral of the franchise. he added, if none of your sponsors want to sponsor you, your coach doesn't want to coach you, your players don't want to play for you, what do you have? good question. >> the guy needs to walk away. >> sterling filed a new lawsuit against his estranged wife, nba, the clippers. once the sterling family trust was revoked, shelly sterling had no authority to sell the franchise. her attorney calls the latest lawsuit a frivolous last ditch act of desperation by a delusional bidder. >> can't he be deemed un -- i don't think he's well. >> past the sell-by date. >> i don't mean to be mean. he's falling apart. >> if lebron james and others say we won't play if this guy remains an owner, what does the league have? >> he won't be there. they just have to figure out how to get rid of him. >>> up next, dr. jeffrey sacks joins us for the must-r