Well, This is what I did when trying it out and it works perfectly.
First create your text box.
Now duplicate the text box for each segment of the ball. (8 in total) ctrl-f
Now create 7 new layers and move one text box to each layer.
Next change the text color to the desired color for each layer.
Now create one segment of the ball on each layer.
*It is best to lock all layers that are not being worked on till it is that layers turn.
Once you have finished creating you paths with the pen tool, start moving through your layers, unlocking the layers you are working with and locking them up when you move to the next one. Make you clipping paths and voila!
Hope that helped