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Pablo Torre 👀@PabloTorre · Nov 4, 2025

🚨 UPDATE: Clippers owner Steve Ballmer has been sued by 11 Aspiration investors who allege Ballmer used the company…

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Summary

Steve Ballmer, owner of the LA Clippers, has been sued by 11 Aspiration investors who allege he used the company to secretly funnel millions of dollars to NBA player Kawhi Leonard in violation of the league's salary cap rules. The lawsuit claims Ballmer transferred funds to the company to maintain the scheme and keep co-founder Joe Sanberg's silence.

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  1. #1

    🚨 UPDATE: Clippers owner Steve Ballmer has been sued by 11 Aspiration investors who allege Ballmer used the company (now named Catona) "to secretly funnel millions of dollars to star NBA player, Kawhi Leonard [...] paying him more than allowed by the NBA’s salary cap rules" 🧵

  2. #2

    ➕ Plaintiffs allege that "Ballmer was complicit in and aided and abetted [co-founder Joe] Sanberg’s fraud for his own self-serving purpose. [...] Absent Ballmer's support, [Aspiration] could not have sustained the frauds set forth herein”

  3. #3

    ➕ The lawsuit continues, re: Sanberg and Ballmer’s alleged scheme "to evade the NBA’s salary cap": "Plaintiffs would not have invested and/or kept their investment in [Aspiration] if Ballmer and Sanberg had disclosed the true nature of Ballmer’s investment"

  4. #4

    ➕ Plaintiffs allege: "Ballmer transferred other funds to [Aspiration] to keep the company afloat and buy Sanberg's support, cooperation and silence about the secret deal with Leonard. The full extent of Ballmer’s transfers of funds [...] will be ascertained in discovery"

  5. #5

    ➕ Full PDF of lawsuit at my newsletter: pablo.show/p/update-steve…