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Sterling banned from Clippers

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Comments

  • #102
    Dublin Red Devil
    Banned (with Prison Access) Posts: 3,267 ✭✭✭Dublin Red Devil


    Its done.
    Steve-Ballmer-011.jpg


    Former Microsoft chief executive Steve Ballmer has bought the NBA's Los Angeles Clippers franchise for $2bn, a record for a professional basketball team, sole trustee Shelly Sterling has announced.

    In a news release from Greenberg Glusker, Sterling's counsel, she said she had signed a binding contract to sell the team to Ballmer on behalf of the Sterling Family Trust, which owns the club.

    The Guardian.


  • #103
    Dublin Red Devil
    Banned (with Prison Access) Posts: 3,267 ✭✭✭Dublin Red Devil


    Ballmer is 58 years old, worth around $20 billion according to forbes, From Detroit Michigan.


  • #104
    Layla Fast Seafood
    Posts: 0 ✭✭✭✭ Layla Fast Seafood




    clippers clippers clippers clippers clippers clippers yes


  • #105
    Nuri Sahin
    Site Banned Posts: 26,456 ✭✭✭✭Nuri Sahin


    Sterling has agreed to sell team and drop all lawsuits against the NBA.

    This saga is over.


  • #106
    rockonollie
    Registered Users, Registered Users 2 Posts: 1,626 ✭✭✭rockonollie


    Nuri Sahin wrote: »
    Sterling has agreed to sell team and drop all lawsuits against the NBA.

    This saga is over.

    Don't believe that for a second......there's been too much back and forth, initially he said that he wasn't going to fight and that he had authorized his wife to negotiate the sale.....next day he sends his 32 page letter to the NBA outlining his argument against their actions and his intent to sue.


  • #107
    rockonollie
    Registered Users, Registered Users 2 Posts: 1,626 ✭✭✭rockonollie


    rockonollie wrote: »
    Don't believe that for a second......there's been too much back and forth, initially he said that he wasn't going to fight and that he had authorized his wife to negotiate the sale.....next day he sends his 32 page letter to the NBA outlining his argument against their actions and his intent to sue.

    Hate to say I told you so
    LOS ANGELES (AP) -- Los Angeles Clippers owner
    Donald Sterling has pulled his support from a deal to sell the team to former
    Microsoft CEO Steve Ballmer and will pursue his $1 billion federal lawsuit
    against the NBA, his attorney said Monday.

    http://sports.yahoo.com/news/attorney-donald-sterling-says-no-011930818--nba.html


  • #108
    ButtersSuki
    Registered Users, Registered Users 2 Posts: 53,028 ✭✭✭✭ButtersSuki


    i said from Day 1 this would end up in the courts.

    I'm going to paraphrase an old Eddie murphy joke and say that rightly or wrongly (wwrongly morally but I think we're beyond that) most people would do the saem. As Eddie ssaid (broadly) "if you had $10 and you lost $5, you'd be p!ssed". If Sterling accepted that sale, he's be liable for close to a BILLIOn in tax/CGT etc. That's a lot of $5's.......


  • #109
    ec18
    Registered Users, Registered Users 2 Posts: 2,733 ✭✭✭ec18


    Was everything not signed and done last week?


  • #110
    rockonollie
    Registered Users, Registered Users 2 Posts: 1,626 ✭✭✭rockonollie


    ec18 wrote: »
    Was everything not signed and done last week?

    Last week they agreed a price and conditions of the sale, nothing is final until a sale contract is signed by all interested parties and the new ownership is approved by the league


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