Just occurred to me that sterling wanted to sell his team and orchestrated this whole fiasco to get top dollar! He has a buyer putting up 2 billion way more than clippers worth plus he gets to sue the NBA for the force sell and damages etc. all for taping this bogus event lol you really think his wife would stay knowing he had mistress. Lol well played sterlings well played indeed!

Another crazy thing that supports this is if forced to sell this is involuntary conversion saves like $240M in taxes!

Heavens to Betsy. Do you really think a lawyer, which Sterling is, would ever pull such a slimy trick? Tsk. Tsk.

Hmm...make the world hate you for money. I suppose that's something a billionaire would do.

What do you suppose is more important to an 80 year old billionaire with prostate cancer?

Another couple of billion that he can't possibly spend in what little time he has left on this planet, or the sense of power and prestige he gets from being the big dog who owns a team?

I don't think he cares one bit about how much more money he's leaving his kids. I think its killing him to get booted out of the billionaires boys club of NBA owners.

Crowder52 Wrote:
-------------------------------------------------------
> NBA teams that sold in the last 4 years......Bucks
> sold for 550 million, Kings sold for 534 million,
> Grizzlies sold for 377 million, Pelicans sold for
> 340 million, 76ers sold for 287 million.
>
> CLippers 2 billion..... I don't know what just
> happened, it defies logic. Somehow Sterling just
> made the greatest deal in the history of
> professional sports teams, following one of the
> greatest demises of an owner of a professional
> sports team... Call me crazy but that hardly seems
> like a punishment...
>
> The happiest guy in the country besides Sterling
> is probably Mr Ross, because that type of amount
> sets a great precedence for him when he values the
> Dolphins.... Geez, and I thought a 1.1 billion for
> a team with property and a privately owned stadium
> was over paying.... I am still scratching my head
> over all of this, I think I might be living in the
> twilight zone these days.... WTF just happened?

I think the only owners that are definitely doing cartwheels over this are those in LA, NY and Chicago.

The clippers just proved that old real estate axiom about "location, location, location..."


But I'm with you Crowder. That's twice what I thought it might be worth.

jlyell13 Wrote:
-------------------------------------------------------
> Another crazy thing that supports this is if
> forced to sell this is involuntary conversion
> saves like $240M in taxes!


How does the forced sale save that type of money, I don't understand? I am not an accountant or tax lawyer but I don't get it? Capital gains is around 25 percent, what break does he get from that because it is a forced sale?

-----------------------------------------------------------------
All things are subject to interpretation whichever interpretation prevails at a given time is a function of power and not truth.
Nietzsche

Crowder52 Wrote:
-------------------------------------------------------
> jlyell13 Wrote:
> --------------------------------------------------
> -----
> > Another crazy thing that supports this is if
> > forced to sell this is involuntary conversion
> > saves like $240M in taxes!
>
>
> How does the forced sale save that type of money,
> I don't understand? I am not an accountant or tax
> lawyer but I don't get it? Capital gains is around
> 25 percent, what break does he get from that
> because it is a forced sale?


None at all.

________________________________________________________
The beatings will continue until morale improves.

If he wanted to really be classy.......Give $1 billion away to minority Charities. Boom. Do it.

He is still a Billionaire, He still walks away with $400 million more then the Team was worth And I'd go invest in a NASCAR race car and throw all your money behind the sports first Minority driver.

I should be a P.R. dude.

GO DOLPHINS!!!!

On a side note the not so hot mistress was recently caught well brought up from 2011 saying slot of racist things about "blacks" lol so it was orchestrated!

Sickofit+1 Wrote:
-------------------------------------------------------
> On a side note the not so hot mistress was
> recently caught well brought up from 2011 saying
> slot of racist things about "blacks" lol so it was
> orchestrated!


Does not matter. People love to be victims no matter the circumstances.

GO DOLPHINS!!!!

True!

See it was fixed!

Hey it worked he is making billions off it. I would too if I could get billions! Think I would care what people thought of me while I am lounging around on my own island with a lot of beautiful woman and all my family and friends living it up!



Edited 1 time(s). Last edit at 06/01/2014 04:52PM by Sickofit+1.

Sickofit+1 Wrote:
-------------------------------------------------------
> Hey it worked he is making billions off it. I
> would too if I could get billions! Think I would
> care what people thought of me while I am lounging
> around on my own island with a lot of beautiful
> woman and all my family and friends living it up!


He was a Billionaire before . Guy is 80 yrs old. Money doesn't mean shit to him anymore. He liked having the biggest franchise in the LA area. It brought him friends and worth. Now he is just a loser with money. High School all over again.

GO DOLPHINS!!!!

Errrr......not only Dodgers but Lakers. Biggest franchises in LA that is.