Now officially a forced sale and not taxable.
That was the real purpose of the court case.
Two problems wrong with that statement. One, it wasn't a forced sale. Nobody forced Shelly Sterling to sell the team. Not the NBA. Not the courts. And two, even if the NBA had forced them to sell then it's only non-taxable if the proceeds are invested in a like industry within a certain period of time. A like industry being another sports franchise. What league would allow Donald Sterling in as an owner?