Donald Sterling

@hawkeye10,

It doesn't matter what the motivations are for anyone to buy any sports team.

1 Reply

@cicerone imposter,

cicerone imposter wrote:

It doesn't matter what the motivations are for anyone to buy any sports team.

Maybe you dont follow the NBA, if Ballmer is making a $2 billion bet that the Lakers are over that is a big deal.

1 Reply

@hawkeye10,

Wrong; what matters is any legal ramifications of the sale.

0 Replies

Next up in the batting order:

http://nba.si.com/2014/05/30/donald-sterling-suing-nba-1-billion-clippers/?eref=sihp

1 Reply

@ossobuco,

Just heard Sterling approved the sale to Ballmer.

0 Replies

Quote:

Donald Sterling sues NBA for $1 billion, as questions over his mental state loom
By Greg Botelho and Brian Todd, CNN
Fri May 30, 2014
http://www.cnn.com/2014/05/30/us/nba-clippers-sterling/

1 Reply

@firefly,

So the NBA did not come through with a deal, so he is suing for double the amount. Sounds like classic Donald Sterling. Maybe he is not so mentally degraded after all.

1 Reply

@hawkeye10,

My bet is given how the sale of the Clippers for 2 billions will at least double the paper networth of all the other owners that to get this deal done little things like the life time ban and the few millions dollar fine on Sterling will be removed.

From this point on it a plotted out soap opera by all involves.

1 Reply

@BillRM,

Quote:

given how the sale of the Clippers for 2 billions will at least double the paper networth of all the other owners

not until or unless the Balmer deal gets justified. One fool paying too much will not convince anyone else to overpay, so the teams dont go up in value. As it turns out the NBA has a current deal with labor that is better than their last deal, and Baseball is having issues, so maybe NBA team values should be going up. But by triple? Doubtful.

Quote:

From this point on it a plotted out soap opera by all involves

Sterling has enough dirt on the other owners to embarrass them, and he is who he is, so I would expect some fireworks ahead unless the NBA comes up with about $300M to help mitigate his extra expenses that they caused.

2 Replies

@hawkeye10,

Hawkeye buying a sport team is not a rational business decision even if it did work out for Sterling and with the US making more and more super wealthy men such as Ballmer at the expense of all the rest of us the cost of those teams will only be going up.

If the market for sport teams was rational the price of the Clippers would be a few hundreds of millions of dollars at the most.

1 Reply

@hawkeye10,

Quote:

“If Ballmer keeps the team in Los Angeles, the Clippers could go from stepchild to Cinderella,” said the sports industry insider, a Clippers season-ticket holder.
The executive, who requested anonymity because he has been involved in deals with numerous pro sports franchises and doesn’t want to be seen as a Clippers partisan, was a diehard Lakers fan growing up in Southern California during the 1980s, when Magic Johnson led the “Showtime” Lakers to the NBA Finals practically every year.
But the thrill was gone by the time Shaquille O’Neal and Kobe Bryant teamed up in the late ’90s to deliver another round of championships. It was boring to root for a team with that much talent — and Lakers fans were insufferable.
“Going to Lakers games became a trendy and popular thing, and that made it expensive,” the executive said. “It cost $500 to go to a game. Lakers fans became everything people hate about L.A.
.
.
.'

With Sterling on his way out, SoCal has lost the last reason to treat the Clippers as its second choice. “If you go to any playground in Los Angeles, the kids in the Clippers jerseys outnumber the kids in the Lakers jerseys three to one,” the executive said. “If I owned the Lakers, that would make me nervous.

Read more: http://www.nydailynews.com/sports/basketball/exec-clips-ready-rule-hollywood-article-1.1812130#ixzz33FuvYPOs

0 Replies

The latest.

Quote:

The NBA's Board of Governors will vote to approve Steve Ballmer as the Los Angeles Clippers' owner after the league canceled Tuesday's hearing to terminate the Sterling family's ownership of the team – a move that will likely end Donald Sterling's 33-year reign atop the franchise.

The NBA released a statement Friday evening saying it has resolved its dispute with Shelly Sterling, Donald Sterling's wife. As part of the agreement, the league said Shelly Sterling and the family trust won't sue the NBA and agreed "to indemnify the NBA against lawsuits from others, including from Donald Sterling."

1 Reply

@BillRM,

this looks like a one off in any case, the second team in a big city that has always been poorly run and not popular, turning it around just as the other franchise in city is crumbling. The major question is are the Lakers in fact crumbling? It is a little to early to announce that they are.

0 Replies

@cicerone imposter,

cicerone imposter wrote:

The latest.

Quote:
As part of the agreement, the league said Shelly Sterling and the family trust won't sue the NBA and agreed "to indemnify the NBA against lawsuits from others, including from Donald Sterling."

if true, that's huge

1 Reply

@ehBeth,

Quote:

if true, that's huge

Oh and have not you and others been stating that Sterling have no grounds for a law suit so why would his wife offer to indemnify the NBA from any possible Sterling suits be huge???????

An of course there is the little tiny question that if Sterling does sue does she have any power to speak for the trust to either sell the team or to hold them harmless from lawsuits.

Her coup of having two doctors declaring him incompetent might or might not hold up in court.

1 Reply

@BillRM,

I don't believe I've made any comments on Mr. Sterling's right to sue.

I can't speak for what anyone else might have posted.

1 Reply

@ehBeth,

Quote:

I don't believe I've made any comments on Mr. Sterling's right to sue.

Playing words games? Everyone have a right to sue over any matter and you did not indeed question that right.

What was question was did he or did he not have grounds for a possibly successful lawsuit or not.

2 Replies

@BillRM,

Most likely the agreement is that the trust can not sue, but leaving open that members of the trust can still sue. I dont think that trusts can ever speak for members of the trust, the trust does not have the authority to promise away Donald Sterlings right to sue.

Arnt you a law school grad Beth?

2 Replies

@hawkeye10,

Trusts don't sue, people do.

0 Replies

@hawkeye10,

hawkeye10 wrote:

Arnt you a law school grad Beth?

what?

no

0 Replies

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