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 ...
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.
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.
“long nosed racist.”
I guess that makes you the racist.
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?
That was sort of my point, too, but perhaps it was made too subtly....
That reminds me,we have to buy a new computer with windows 8.1 to help with the purchase.
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!" ;)
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.
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.
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!!!
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.
Much more fun to watch than his stupid team.
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Don’t forget that Donald spent a lot of bench time watching that stupid team.
Not likely...........your IRS makes no exceptions
Damages?????......LOL!
Probably caused his "alzheimers."
I jest. I just don't like basketball.
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?
I jest. I just don’t like basketball.
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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.
Why not?
Could someone in the "loop" be charged with elder abuse?
What was the abuse?
How did the NBA force the sale?
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