Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Lawyer: Donald Sterling to sue NBA for $1 billion
foxsports.com ^ | 5/30/2014 | various

Posted on 05/30/2014 2:54:19 PM PDT by Las Vegas Dave

Donald Sterling is preparing to sue the NBA for $1 billion, according to a report from NBC News. The report comes a day after it was announced the Sterlings, actually via Shelly Sterling, had reached an agreement to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer.

(Excerpt) Read more at msn.foxsports.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: basketball; sports
Navigation: use the links below to view more comments.
first 1-5051-58 next last

1 posted on 05/30/2014 2:54:19 PM PDT by Las Vegas Dave
[ Post Reply | Private Reply | View Replies]

To: Las Vegas Dave

Attaboy. $2 billion plus 1 billion more...


2 posted on 05/30/2014 2:56:37 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Las Vegas Dave

I guess 2 Billion is not good enough for the long nosed racist.


3 posted on 05/30/2014 2:57:35 PM PDT by tennmountainman (Just Say No To Obamacare)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Las Vegas Dave
If he's been diagnosed with Alzheimers by a team of experts can anything he's said be used against him?

Could someone in the "loop" be charged with elder abuse?

4 posted on 05/30/2014 3:02:51 PM PDT by bubbacluck (America 180)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Las Vegas Dave

If California has a Loser Pays law, Donald is going to have to write a big check.


5 posted on 05/30/2014 3:05:20 PM PDT by Oliviaforever
[ Post Reply | Private Reply | To 1 | View Replies]

To: liege

Oh yes. And since he does have Alzheimer’s the NFL had better run along with all those who degraded and abused an incapacitated elder.


6 posted on 05/30/2014 3:07:19 PM PDT by OpusatFR
[ Post Reply | Private Reply | To 4 | View Replies]

To: tennmountainman

HUH? Now, now. LOL! I’m kinda likin’ it. He makes a HUGE bundle on the sale of the team and then thinks about suin’ the asshats that “forced” it’s sale. Too bad he’s too old to enjoy it. Maybe his halfrispanic gf will make off with some of it.


7 posted on 05/30/2014 3:19:54 PM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Las Vegas Dave

Go get em, Donald


8 posted on 05/30/2014 3:21:01 PM PDT by Uncle Chip
[ Post Reply | Private Reply | To 1 | View Replies]

To: tennmountainman
I guess 2 Billion is not good enough for the long nosed racist.

Saying things in a supposedly private conversation, which some declare to be racist, is not a crime. I hope he wins.

9 posted on 05/30/2014 3:23:27 PM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Las Vegas Dave

Hope he ties up the sale for years.


10 posted on 05/30/2014 3:25:10 PM PDT by clintonh8r (I wish no harm on Gen. Shinseki, but perhaps he should consider seppuku.....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Las Vegas Dave

I hope he drops the bomb on them.


11 posted on 05/30/2014 3:26:01 PM PDT by Perdogg (Ted Cruz-Rand Paul 2016)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

Like exposing how crooked the refs are.


12 posted on 05/30/2014 3:28:43 PM PDT by dfwgator
[ Post Reply | Private Reply | To 11 | View Replies]

To: Perdogg

Agree or not with Donald’s views he was pursacuted for a “thought crime.” The NBA is likely to lose this one.


13 posted on 05/30/2014 3:30:47 PM PDT by WMarshal (Free citizen, never a subject or a civilian)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Las Vegas Dave

Excellent. Call every NBA player as a witness who has publicly shamed the NBA with profanity, racist and homophobic remarks.

Make them read transcripts in court of what they said as they trash talked each other.

Call Magic Johnson and put him on the stand, asking why he SHAMED the NBA with his behavior.


14 posted on 05/30/2014 3:36:28 PM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: tennmountainman
I guess 2 Billion is not good enough for the long nosed racist.

You forgot to mention the capital gains taxes he's going to have to pay on the sale.....likely in the neighborhood of $500 million......

As a professed conservative, surely you're not supportive of those are you?

And for what it's worth, who cares what a "long nosed racist" cares, thinks or says?

Since when have you signed on to the political correctness and started supporting the thought police in this country?

15 posted on 05/30/2014 3:37:34 PM PDT by Hot Tabasco (Under Reagan spring always arrived on time.....)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Las Vegas Dave
The NBA will be defunct by the end of the decade. Mark my words.

White, working and middle-class families are tuning out the game in droves. They're disgusted with the hip-hop culture that it permeates and the double-standards. Ballmer way overpaid for the Clippers.

16 posted on 05/30/2014 3:38:01 PM PDT by Extremely Extreme Extremist
[ Post Reply | Private Reply | To 1 | View Replies]

To: Las Vegas Dave


17 posted on 05/30/2014 3:48:50 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tennmountainman
long nosed racist

The irony drips.....

18 posted on 05/30/2014 3:51:21 PM PDT by clintonh8r (I wish no harm on Gen. Shinseki, but perhaps he should consider seppuku.....)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Las Vegas Dave

Now he will get $2 billion plus $1 billion = $3 billion
He ain’t senile.


19 posted on 05/30/2014 3:53:53 PM PDT by minnesota_bound
[ Post Reply | Private Reply | To 1 | View Replies]

To: Las Vegas Dave

I’ve worked for Ballmer’s old company. All I came away with after reading the synopsis was “Ballmer bets on another loser.”


20 posted on 05/30/2014 3:57:29 PM PDT by DeltaZulu
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hot Tabasco

2 Billion should be enough to cover those extra expenses.
About 400 million higher than the next highest bid.

He should be laughing all the way to the bank.


21 posted on 05/30/2014 4:20:49 PM PDT by tennmountainman (Just Say No To Obamacare)
[ Post Reply | Private Reply | To 15 | View Replies]

To: clintonh8r

He should be quite happy.

He got 400 million more than the next highest bidder.

In fact, he would have never gotten that amount had he not been
exposed. Never.

He should be laughing all the way to the bank.


22 posted on 05/30/2014 4:25:36 PM PDT by tennmountainman (Just Say No To Obamacare)
[ Post Reply | Private Reply | To 18 | View Replies]

To: tennmountainman

“long nosed racist.”

I guess that makes you the racist.


23 posted on 05/30/2014 4:26:46 PM PDT by CodeToad (Arm Up! They Are!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: tennmountainman

The dude was set up by a young trashy hoe who associated with young punk thugs which he did not want around.

He should have just dumped the ho without compromising himself. This was too orchestrated.

What else did she have on him?


24 posted on 05/30/2014 4:30:49 PM PDT by himno hero (hadnuff)
[ Post Reply | Private Reply | To 3 | View Replies]

To: CodeToad

That was sort of my point, too, but perhaps it was made too subtly....


25 posted on 05/30/2014 4:38:46 PM PDT by clintonh8r (I wish no harm on Gen. Shinseki, but perhaps he should consider seppuku.....)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Las Vegas Dave

That reminds me,we have to buy a new computer with windows 8.1 to help with the purchase.


26 posted on 05/30/2014 4:41:05 PM PDT by Dr. Ursus
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hot Tabasco
You forgot to mention the capital gains taxes he's going to have to pay on the sale.....likely in the neighborhood of $500 million...

You forgot that since the NBA forced him to sell, he may be able to skip paying capital gains taxes on the sale.

$2B from Balmer; $1B if he can win the lawsuit against the NBA; no taxes = $3B tax free.

If the whore wasn't in on the gag already, he might just toss a few million her way just to say "who's laughing now, b!tch!" ;)

27 posted on 05/30/2014 4:41:39 PM PDT by anymouse (God didn't write this sitcom we call life, he's just the critic.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: anymouse

That’s amazing...leave it to a Democrat lib oligarch to stumble into a tax free windfall.

That’s as outrageous as the fake outrage of Sterling hisself.


28 posted on 05/30/2014 4:43:05 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Hot Tabasco
I want to recall the punitive damages are not taxed, compensatory damages are.
29 posted on 05/30/2014 4:44:20 PM PDT by Starwolf
[ Post Reply | Private Reply | To 15 | View Replies]

To: clintonh8r

Not to me it wasn’t.

The team could be worth more than $2 billion by some accounts. NBA has a very good profit sharing program - no team loses money. NBA is expected to sign a $3B a year TV deal (national) leaving the local markets to the teams. The Dodgers signed an $8 billion local TV deal. The Angeles signed a $3 billion deal.

With interest rates near zero, discounted cash flow shouldn’t reduce the present value too much. If the Clippers could sign a $3 billion 10 year local TV deal it would be worth $2.1 billion today (discounted cash flow basis) alone.

Then add in all the other profit sharing and merchandizing.

So I can see the basis of an argument why the team is worth a lot more. Not saying it is, only that its possible to suggest it may be.


30 posted on 05/30/2014 4:51:53 PM PDT by monkeyshine
[ Post Reply | Private Reply | To 25 | View Replies]

To: Las Vegas Dave

I like this guy more and more. He’s outrageous and very very smart.

Much more fun to watch than his stupid team. You go, Donald!!!


31 posted on 05/30/2014 5:11:01 PM PDT by Veto! (OpInions freely dispensed as advice)
[ Post Reply | Private Reply | To 1 | View Replies]

To: himno hero

I don’t disagree agree with anything you say.
If fact, the hoe should go to jail.

However, you can’t put toothpaste back in the tube.


32 posted on 05/30/2014 5:16:29 PM PDT by tennmountainman (Just Say No To Obamacare)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Veto!

Much more fun to watch than his stupid team.

*******************

Don’t forget that Donald spent a lot of bench time watching that stupid team.


33 posted on 05/30/2014 5:28:38 PM PDT by deport
[ Post Reply | Private Reply | To 31 | View Replies]

To: anymouse
You forgot that since the NBA forced him to sell, he may be able to skip paying capital gains taxes on the sale.

Not likely...........your IRS makes no exceptions

34 posted on 05/30/2014 5:37:38 PM PDT by Hot Tabasco (Under Reagan spring always arrived on time.....)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Starwolf
I want to recall the punitive damages are not taxed, compensatory damages are.

Damages?????......LOL!

35 posted on 05/30/2014 5:39:26 PM PDT by Hot Tabasco (Under Reagan spring always arrived on time.....)
[ Post Reply | Private Reply | To 29 | View Replies]

To: deport
Don’t forget that Donald spent a lot of bench time watching that stupid team.

Probably caused his "alzheimers."

I jest. I just don't like basketball.

36 posted on 05/30/2014 5:47:09 PM PDT by Veto! (OpInions freely dispensed as advice)
[ Post Reply | Private Reply | To 33 | View Replies]

To: tennmountainman
I guess 2 Billion is not good enough for the long nosed racist.

You're supportive of private conversations being recorded and publicized? Would you agree to a forced sale of your business or home if the public didn't like your private comments?

37 posted on 05/30/2014 5:51:53 PM PDT by ladyjane
[ Post Reply | Private Reply | To 3 | View Replies]

To: Veto!

I jest. I just don’t like basketball.

*************

Probably he did. But the game has changed so much that today I don’t watch much.
Maybe a few selected college games but for sure no NBA.


38 posted on 05/30/2014 5:58:06 PM PDT by deport
[ Post Reply | Private Reply | To 36 | View Replies]

To: liege
If he's been diagnosed with Alzheimers by a team of experts can anything he's said be used against him?

Why not?

Could someone in the "loop" be charged with elder abuse?

What was the abuse?

39 posted on 05/30/2014 6:06:41 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 4 | View Replies]

To: rktman
He makes a HUGE bundle on the sale of the team and then thinks about suin’ the asshats that “forced” it’s sale

How did the NBA force the sale?

40 posted on 05/30/2014 6:08:01 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 7 | View Replies]

To: PapaBear3625
Saying things in a supposedly private conversation, which some declare to be racist, is not a crime. I hope he wins.

He hasn't been charged with a crime.

41 posted on 05/30/2014 6:08:48 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 9 | View Replies]

To: WMarshal
Agree or not with Donald’s views he was pursacuted for a “thought crime.” The NBA is likely to lose this one.

What prevents the NBA from fining and banning him for 'thought crimes'?

42 posted on 05/30/2014 6:10:04 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 13 | View Replies]

To: minnesota_bound
Now he will get $2 billion plus $1 billion = $3 billion

He's not going to win with the NBA. And his wife will get half of everything else.

43 posted on 05/30/2014 6:11:17 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 19 | View Replies]

To: anymouse
You forgot that since the NBA forced him to sell, he may be able to skip paying capital gains taxes on the sale.

The only way he avoids taxes is if he's forced to sell and he invests the proceeds in a similar industry, like another sports team. Well, the NBA didn't force him to sell. The sale was announced before the owners had a chance to vote to strip him of his team. Bad timing on his part.

44 posted on 05/30/2014 6:14:27 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 27 | View Replies]

To: DoodleDawg

Oh, I don’t know. If someone is declared mentally incompetent you might want to take everything they say with a grain of salt.

If someone knew of his condition and was taking advantage of it to cause him harm, either financially or reputation wise, I would call it abuse at some level.


45 posted on 05/30/2014 6:17:20 PM PDT by bubbacluck (America 180)
[ Post Reply | Private Reply | To 39 | View Replies]

To: liege
Oh, I don’t know. If someone is declared mentally incompetent you might want to take everything they say with a grain of salt.

If someone is declared mentally incompetent then can they initiate legal actions on their own?

If someone knew of his condition and was taking advantage of it to cause him harm, either financially or reputation wise, I would call it abuse at some level.

Hard to prove.

46 posted on 05/30/2014 6:20:19 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 45 | View Replies]

To: DoodleDawg
Well, the NBA didn't force him to sell. The sale was announced before the owners had a chance to vote to strip him of his team. Bad timing on his part.

So he had to sue, as he is, and lose. Then it's involutary and he gets 1033 treatment.

Brilliant!

47 posted on 05/30/2014 6:29:03 PM PDT by Kennard
[ Post Reply | Private Reply | To 44 | View Replies]

To: Kennard
So he had to sue, as he is, and lose. Then it's involutary and he gets 1033 treatment.

I'm assuming you left the </sarcasm> tag off.

48 posted on 05/30/2014 6:32:35 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 47 | View Replies]

To: DoodleDawg

Not sure. Kinda weird but I think I heard that under the nba “constitution” they can “force” the sale. Sounds un-American to me.


49 posted on 05/30/2014 6:37:41 PM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Las Vegas Dave
Racist or not it appears Sterling has a reasonably sound case and the NBA knows it.

It looks like the old boy is going out with guns blazing.

50 posted on 05/30/2014 6:40:25 PM PDT by VideoDoctor
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-58 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson