Donald Sterling should post selfies of himself rolling in money, just to irritate people.
So now, who is to say that the Sterlings didn’t set this whole thing up to get an outrageous price for the Clippers?
Can I ask a stupid question? If the estimated value of the team was about $550 million, how can someone come along and pay an incredible $2 billion, to overpay by that much? Was there behind the scenes shenanigans to set up this deal? Was the goal to make Sterling an offer he couldn’t refuse, to make this whole Sterling controversy disappear???
And, considering that Ballmer had been active in trying to bring NBA basketball to Seattle, is there any chance the team will move to Seattle??
Wow! f he turned that down she could probably have him committed.
Good gtief what a price.
Donald Sterling’s Best Investment:”The LA Clippers”;his worst:”A Telephone”!!!!!!!!!!!!!!!
I am still trying to find the words to describe what Donald Sterling has done in turning a few racial slurs into a nearly $1 billion virtually tax-free profit.
That is son-of-a-bitchery of the highest order.
If the intention was to lower the price of the team and sell it to one of those black guys who were speculated about earlier, then it looks like a major fail.
Donald Sterling should post selfies of himself rolling in money, just to irritate people.
Don’t tell Melissa Harris - Perry that the Clippers have a new massa’...
SOLD!
Sterling is one slick Jooo to unload the Clippers with this scheme he prolly cooked up.
The fix was in.
The NBA commissioner has as much hair as Steve Ballmer!
Whatever scheme that girl was up to looks like it didn’t work. Back to her day job, whatever that was, her ship did not come in.
After all the {expletive} they raised about his remarks they had to make a deal at whatever price he named. Racist? Ha! Well, maybe, or just opinionated. That doesn't matter (I know that phrase will drive lib lurkers nuts, but it doesn't). What matters is twofold. One, Sterling is one astute and shrewd SOB. Two, I wonder what kind of quiet, back-door deal the NBA made with Balmer to get him to pay up. Probably said if he wants to move the team, they'll back him. He's no-doubt now putting together a sweet deal with Seattle. Tax breaks, help with an arena, etc.
of the $2B ... over 20% goes to state and federal capital gains taxes ... which would have been avoided if he postponed the sale until after his death.
And then the remaining 1.6B is subject to the 40% estate taxes ... leaving less than $1B.
Unless much of the shares have been donated to a family charitable trust.
Being a rassist might be the most profitable thing Sterling has ever done
Wow what a payday. Racism pays!
I wonder if season tickets is part of the deal.
Two billion dollars for a basketball franchise? That’s stupid money.
Sterling is laughing all the way to the bank.