Sterling to Sue NBA

[nelsonmuntz]

The value of the franchise will not drop. There are billionaires begging to buy into the League. The worst team in the League playing in a bad arena just sold for over half a billion dollars. Larry Ellison is the 5th wealthiest human alive and he has been trying to buy a team for tears. Sterling can't lose. I agree with Nelson about the tax implications. Sterling's offspring must be nervous as hell.

It can drop, but not by enough to justify dumping it now.

Price matters. If Ellison was willing to pay any price, he would own an NBA team by now. He has clearly walked away from the table a couple of times. The value will go down. People like Ellison are ego maniacs, but they are not idiots. If sponsors are gone and the team is a glorified D-League franchise getting lit up every night in front of friends and family of the players, Magic or Ellison or Oprah will not pay as much as they will for a team with Chris Paul and Blake Griffin that plays in front of thousands. That said, I suspect the Sterling family is working to get Pops as far away from the team and out of the spotlight as possible until he kicks the bucket. Then they will sell.

 

[uconnfan68]

The law doesn't look kindly on "arbitrary and capricious" decision making, no matter who is involved. That is exactly what the NBA has done.

The NBA club can do whatever it wants to the members.

 

[Chin Diesel]

The NBA club can do whatever it wants to the members.

Yep. No one is saying Sterling can't own a basketball team. But if he wants all the benefits of the NBA name brand, there's conditions attached to it.

This isn't any different (other than scale) of owning a fast food joint. If you want all the built-in advantage of selling burgers with golden arches on your marquee, then there's some rules you have to follow.

 

[uconnfan68]

Yep. No one is saying Sterling can't own a basketball team. But if he wants all the benefits of the NBA name brand, there's conditions attached to it.

This isn't any different (other than scale) of owning a fast food joint. If you want all the built-in advantage of selling burgers with golden arches on your marquee, then there's some rules you have to follow.

I see what you did there... McD AAs vs. McD burger flippers.

 

[Chin Diesel]

I see what you did there... McD AAs vs. McD burger flippers.

Purely unintentional.

 

[intlzncster]

Not that it matters much, but the latest:

Stiviano: She said she does not feel Sterling is racist, despite hearing him say derogatory things about minorities. "No," she said. "I don't believe that in my heart. I think the things he says are not what he feels. Anybody can say anything in the heat of the moment," she said. "I think Mr. Sterling is from a different generation than I am. I think he was brought up to believe those things. Segregation. Whites and blacks. Through his actions, he's shown he's not a racist. Through his actions, he's shown to be a generous and kind man."

Sterling: "I wish I had just paid her off."

So, there you go.

 

[Waquoit]

Cliff Notes version:

Stiviano: "Oops!"
Sterling: "Whore"

 

[intlzncster]

It can drop, but not by enough to justify dumping it now.

Price matters. If Ellison was willing to pay any price, he would own an NBA team by now. He has clearly walked away from the table a couple of times. The value will go down. People like Ellison are ego maniacs, but they are not idiots. If sponsors are gone and the team is a glorified D-League franchise getting lit up every night in front of friends and family of the players, Magic or Ellison or Oprah will not pay as much as they will for a team with Chris Paul and Blake Griffin that plays in front of thousands. That said, I suspect the Sterling family is working to get Pops as far away from the team and out of the spotlight as possible until he kicks the bucket. Then they will sell.

It's a two way street. Larry Ellison has been trying to buy a team for a while now, but his been blocked before. If they had let him, he would have already bought in. The owners get to pick who buys, not the buyer.

 

[jleves]

Sterling's offspring must be nervous as hell.

Ehhh - I don't know. I think I could deal with paying the tax bill on a 1.9 Billion dollar inheritance.

 

[MilliniumPrince]

Ehhh - I don't know. I think I could deal with paying the tax bill on a 1.9 Billion dollar inheritance.

Do you know a lot of wealthy people who are OK with giving up money? Do you know any people who are OK with giving up money?

In the bug picture I agree with you. I also bet they are nervous as hell..