Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Clippers Make Announcement After New Steve Ballmer, Aspiration Allegations
    Carbon Credits

    Clippers Make Announcement After New Steve Ballmer, Aspiration Allegations

    userBy user2025-09-18No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The NBA is investigating a situation between the LA Clippers and a fraudulent company, Aspiration, after accusations that the Clippers were using this company to circumvent the salary cap and pay star forward Kawhi Leonard more than allowed.

    Of course, on the surface, this situation seems like it will end poorly for Steve Ballmer and the Clippers, and as more information comes out, the worse it looks for every party involved.

    Investigative journalist Pablo Torre continues to find out more about this situation, and recently discovered another $21 million payment from the Clippers to Aspiration, just two weeks before Leonard’s first paycheck from the company was due.

    EXCLUSIVE: Two weeks before Kawhi’s first “no-show” payday, the Clippers bailed out Aspiration with a $21M deal signed by the team CFO.

    (Yes, @mcuban sent @PabloTorre down this rabbit hole: “He literally described exactly what they did,” a source says, “to circumvent the cap.”) pic.twitter.com/5lQNMLm8Or

    — Pablo Torre Finds Out (@pablofindsout) September 18, 2025

    Torre finds out that the Clippers CFO signed off on this deal to buy $50 million worth of “carbon credits,” which Aspiration uses as part of their tree-planting initiative. This came after Mark Cuban, a huge Ballmer defender, said that this would be the smartest way for the Clippers to circumvent the salary cap effectively.

    Of course, it was already reported that Ballmer himself invested $50 million into the company, and co-owner Dennis Wong invested a suspicious $2 million, as one of Leonard’s payments was running late. However, there always seems to be more coming out about it that digs the Clippers into a deeper hole.

    LA Clippers owner Steve Ballmer

    Oct 14, 2024; Inglewood, California, USA; LA Clippers owner Steve Ballmer reacts in the game against the Dallas Mavericks during the first half at Intuit Dome. Mandatory Credit: Jonathan Hui-Imagn Images / Jonathan Hui-Imagn Images

    Following the allegations of using this $21 million carbon credit deal to help pay Leonard, the Clippers’ organization released a statement, labeled “Our response to the recent report about Steve’s purchase of carbon credits:”

    “Steve and his family are focused on sustainability, which is why Intuit Dome was designed to be a carbon neutral building from its inception and to achieve LEED Zero status over time.

    “Our development agreements for the arena included mandates to buy carbon credits, but after studying the issue of neutrality, we went far beyond those requirements, exploring ways to address emissions from our fans and contracting with Aspiration to directly purchase carbon offets, as well as broker the acquisition of additional offsets.”

    The Clippers have released a new statement. pic.twitter.com/nEiwQU6Ef2

    — Joey Linn (@joeylinn_) September 18, 2025

    The Clippers continue their statement, mirroring Ballmer’s previous comment about how he was also “conned” by Aspiration.

    “Some of those commitments were built into the sponsorship deal with Aspiration – totally separate of the investment of the company – and we made payments to Aspiration until the company was unable to fulfill their responsibilities.

    “This effort reflects Steve wanting to set a positive example and raise awareness of the growing and important role of voluntary carbon markets. Unfortunately, he was duped on the investment and on some parts of this agreement, as were many other investors and employees.”

    Of course, regardless of what the Clippers release to the public or what dirt Torre finds on Ballmer, it all comes down to what the NBA finds in its investigation.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAs Elon Musk buys Tesla stock, should I?
    Next Article Down 40% but with a juicy dividend forecast, this income stock is tempting
    user
    • Website

    Related Posts

    Businesses and carbon market

    2025-10-17

    University of Utah researchers want to reform carbon credits

    2025-10-17

    Brazil expands carbon project options for public forest concessions

    2025-10-17
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d