Donald Sterling Punished!

[Coyote]

It seems there's something wrong when what is said in a PRIVATE conversation - a confidential conversation - is then used to force him to sell like that. I don't think much of him, but what people say and think in private is just that - private. This isn't right.

 

[Mathbud1]

They don't simply take the asset away. What they do is force the sale of it to a new owner, exactly what is happening. They have to approve the new owner but sterling can pick who he wants to sell it to. It does not seem that he is very cooperative though so they will force the sale either way. Sterling still get the proceeds which is why he also 2 billion richer for an asset that he paid less than 100 million for. MASSIVE profit margin.

My understanding was that they preferred the team be sold, but that they would vote to terminate his ownership if it wasn't. That doesn't sound like they would be forcing the sale.

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Your understand is incorrect. The vote forces the sale. If the vote goes through the board has more control over the sale than if Sterling does it himself. The result is the same though.

Ok. That's not as bad as I thought then. It just sounded like they were going to take it.

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[JoeB131]

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Big difference in that the former, market driven manner he actually losses something. In the latter 'social justice' and public outcry 'punishment' resolution he makes out like a bandit with over a 1000% profit.

Wait....

Actually, he would have made out like a bandit regardless.

He bought the team in the Pre-Michael Jordan days when no one gave a shit about Basketball.

 

[The Rabbi]

Sterling was the most hated man in America, with calls to punish him. He was banned. He was fined. He was reviled. Now the ultimate punishment. The Clippers reportedly were worth $800M in first reports on the incident. Today his wife agreed to sell to Steve Ballmer for $2B. That'll show that old racist!
Shelly Sterling agrees to sell Clippers to Ballmer

The latest in a long line of liberal feminist victories over bigoted manpigs everywhere. Today is a great day to be a womyn.

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^^^What The ****???

 

[The Rabbi]

Sterling could be the con frontrunner for 2016 if he wanted to be

Im not taking you seriously because you are a seriously ignorant 19yr old.
But how do we know Sterling isn't a Democrat?