Pablo is taking Uncle Dennis and the Clippers to the cleaners.
His latest reports:
https://www.nytimes.com/athletic/661...-owner-report/
In December 2022, Aspiration, a San Francisco-based environmental firm, was running out of money. Employees, including executives, were laid off. Outgoing payments were on hold, including to the firm’s expensive endorsement partner, LA Clippers star Kawhi Leonard.
That same month, according to the latest allegations made on the “Pablo Torre Finds Out” podcast that aired Thursday morning, Clippers minority owner Dennis J. Wong made an almost $2 million investment in Aspiration, which turned around and paid Leonard $1.75 million — as required through his endorsement contract with the environmental company.
“It is beyond shocking, and I will tell you, I knew that the board (of directors at Aspiration) had put (in) money in December to make payroll and make rent… (so) it is not a rational investment that someone (Wong) would make,” one of two anonymous former Aspiration employees said on the podcast. “So it is very shocking to me that $2 million was made as an investment by Dennis Wong, who in my texts is identified as … Steve Ballmer’s partner a week before $1.75 million was paid to Kawhi.”
Said a second anonymous former Aspiration official, who is identified as one of the sources who made the initial allegations last week: “There’s multiple things that are conspicuous. One, we’re broke. We’re broke. So to invest in a broke company is beyond me. … And then the other thing is the amount that’s being invested, that’s such a nominal amount if we’re talking pure investment, especially in a late-stage startup that’s … already raised a year earlier $300 million (sic), what does $2 million buy you?”