Donald Sterling’s LA Clippers sold for $2 billion to former Microsoft CEO Steve Ballmer: Report

New York Daily News ^ | 05/29/2014

[Jonty30]

Big time.

And those who tend to watch basketball, probably more than the rest of the population, will be shelling out over their indignation about their racial pride and skin colour.

[xp38]

A real estate agent knocked on my door this morning and said the house 3 doors down just sold for $2,000,001. I looked at her and said and one dollar? She said bidders sometimes add the dollar just in case someone matches the 2 mill. The house sold over asking price and obviously had a bit of a bidding war.

[Hotlanta Mike]

It was estimated that the Clippers were worth around $800 million. Consider the fact Sterling bought the Clippers for $12 million.

[Veto!]

12 other NBA owners just tweeted the N-word.

LOL

I had a similar thought but yours is funnier.

[Hotlanta Mike]

Yeah sure. This whole event was set up by the NBA mafiosi. Certain to be a game plan to get an NFL team back to Los Angeles.

[GeronL]

He should held out for a copy of Windows 7

[Attention Surplus Disorder]

$2 billion against an estimate of $5xx million....?

That’s insane, isn’t it...?

[Moonman62]

He can buy a better girlfriend with that kind of money.

[Moonman62]

I have a hard time believing Sterling isn’t going to fight the forced sale regardless of the profit.

If he's really getting $2 billion, he's the winner.

[xp38]

But wait a sec....isn’t the wife in control now? How much is she getting of this deal?

[GOPJ]

How’s the Bimbo doing? I’ll bet she’s hooked her last rich guy...

[SeekAndFind]

RE: That’s insane, isn’t it...?

There's a thin line between Genius wealth and insanity.

[Veggie Todd]

Will he move the team to Seattle?

Oh, that would be priceless!

[Labyrinthos]

Crap. I was hoping Sterling would drag the National Thug League through a couple of decades’ worth of court hearings and trials.

Seems to me that he is laughing his 80 year old a$$ all the way to the bank.

[SoCal Pubbie]

Won’t happen.

[ExCTCitizen]

Jeez just yesterday I heard he is going to fight the sale. I guess $2 billion will give up the fight

[nascarnation]

The IRS will be the big winner, right?

I think his tax basis is $12m

[ArmstedFragg]

I’m guessing he’ll go after them for that 300 million bucks in extra tax liability they created for him.

[SC DOC]

The IRS will be the big winner, right?

I think his tax basis is $12m

I read somewhere that since it is a forced sale, it is not subject to capital gains taxation.

[clintonh8r]

So the NBA and the race baiters get a scalp, and the scalpee gets $2 billion. I think I see the winner....