How Are They Going To Force Sterling To Sell??

[PatsFan1283]

Bill Simmons ‏@BillSimmons <small class="time" style="font-size: 13px; color: rgb(136, 153, 166);"> May 26</small>
Hearing the basement for a Clippers offer now starts at 1.8 billion. There is no way they go for less than 2b if it becomes an auction.
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Simmons really plugged into all this stuff these days. If he says 1.8 is the floor, it isn't gonna just sell for 1.3.

 

[Acebb]

Even if he is annoying and a weak debater or whatever...

He was right in his overall point that Sterling would back down and this resolution wasn't going to be nearly as dramatic and complex as people thought.

[h=1]Donald Sterling changes course, will fight NBA over sale of Clippers[/h]
http://msn.foxsports.com/nba/story/...-racist-comments-v-stiviano-recordings-052714

 

[Acebb]

I will have to disagree with this. My argument was that he didn't have a case... not that he couldn't come up with some frivolous lawsuit if he wanted. And because he didn't have a case he would sell either on his own or the NBA would take over after they voted. Most people were arguing that he would hold this up in court for years and that this is no where close to being over. I said it will be done fast and quickly. And sure enough, my real world knowledge is correct again.

Lot of people here should use this as a lesson. You being one of them.

Actually, you said his lawyers would tell him to sell. [ his lawyers will tell him if you fight you will lose, your best option is to sell] That was quoted over & over.

When it was pointed out to you that he hired a lawyer and intends to sue, you posted over & over "the owners haven't voted yet" and now of course you're not even able to recognize that you've changed course on that too, since there has been no vote. To top that off, you are, to nobody reading's surprise, misrepresenting what your "argument" was.

The idea that you have any "real world knowledge" on this topic is frankly, obscene.

Anyway, your prediction remains 100% incorrect.

Donald Sterling's lawyer, Max Blecher, told ESPN on Tuesday that his client "is going to fight to the bloody end" and has effectively "disavowed" the agreement he reached with his wife last week that would allow her to negotiate a sale of the team.
"I don't know what agreement she has with him, but I'm saying to you today, he disavows anything she's doing to sell the team," Blecher said. "He says, 'It's my team, and I'll sell it when and if I get around to it.'"

http://espn.go.com/los-angeles/nba/...ing-strongly-responds-nba-draconian-penalties

 

[Acebb]

I said it will be done fast and quickly. And sure enough, my real world knowledge is correct again.

Lot of people here should use this as a lesson. You being one of them.

Hysterical.

Remember,

I can't be wrong until the owner's vote, lol. The fact you can't understand that is not as funny as your lack of understanding of basic financial concepts, but it is still funny.

Of course you would believe you "can't be wrong" until the owners vote, but you can be "right" before the vote!

LOL!

 

[Acebb]

I feel like Scrooge McDuck swimming in all this gold!! Hahahahahahaha

Of course.

You have declared victory before anything has happened, misrepresented your own posts, and are on record lying that you were "leaving this place"

Why wouldn't you?

HAHAHAHAHAHAHAHAAHA!

 

[PatsFan1283]

lol Sterling's lawyer and his wifes lawyer are saying completely opposite things.

Maybe Sterling's lawyer is just talking shit and trying to grandstand? I can't imagine Bank of America is giving out financial documents on the team and Shelly is starting to take bids in if Donald is gonna sue.

How can he be fighting the NBA if BofA and his wife are actively trying to sell the team? Seems like his wife is hardcore F'ing him over.

 

[snoop]

Don claimed he has an offer of $2.5 b. It's safe to assume that is his sale target.

It's a sweet deal to take home $1.5 b after tax for a racist like him.

 

[Willie99]

"I can't post here anymore", "I've been banned" is baaaaaack :cryingcry

an actual post made in the NBA Forum where he wasn't banned and retained full posting privileges

what more do you need to know about a man's character? another lie that sums it up nicely

 

[Willie99]

Yeah I think the Yanks would go for 2.5-3 if Dodgers went for 2 but I do agree their next 15-20 years is going to be nothing like their last 15-20 years.

More parity/revenue sharing in MLB than ever before. Other teams are much better equipped to keep their best players now. With MLBTV and local Tv revenue the other teams are doing much better as well.

10 years ago the Yanks would have McCutchen, Cabrera and be rumored to be adding Trout right about now.

more parity than ever before? I'm going to have to respectfully disagree my friend

and I believe baseball, more than any other sport, still has the have's and the have nots. Although new stadium deals and sponsors have given small market teams a little more money

young talent has made a difference, seems like the largest payrolls are not necessarily winning. Maybe mega-deals for mega-stars (who seem to be flopping all over the place) will fade away

 

[Acebb]

It would be fantastic if this NBA hearing was televised.

 

[Willie99]

Actually, you said his lawyers would tell him to sell. [ his lawyers will tell him if you fight you will lose, your best option is to sell] That was quoted over & over.

When it was pointed out to you that he hired a lawyer and intends to sue, you posted over & over "the owners haven't voted yet" and now of course you're not even able to recognize that you've changed course on that too, since there has been no vote. To top that off, you are, to nobody reading's surprise, misrepresenting what your "argument" was.

The idea that you have any "real world knowledge" on this topic is frankly, obscene.

Anyway, your prediction remains 100% incorrect.

Donald Sterling's lawyer, Max Blecher, told ESPN on Tuesday that his client "is going to fight to the bloody end" and has effectively "disavowed" the agreement he reached with his wife last week that would allow her to negotiate a sale of the team.
"I don't know what agreement she has with him, but I'm saying to you today, he disavows anything she's doing to sell the team," Blecher said. "He says, 'It's my team, and I'll sell it when and if I get around to it.'"

http://espn.go.com/los-angeles/nba/...ing-strongly-responds-nba-draconian-penalties

OMG, now he wants to be me talking about real world experiences, although I admit I have no experience in dealing with something like the Donald Sterling matter, I wonder how he acquired such experience?

I know he now claims to have predicted today's economic malaise, and all this time I thought people like you and I did while disagreeing with him.

As you're pointed out in this thread, he sure does like to change his positions after the fact. Now if sports-books would only allow this, we could all retire young





PS: for clarification purposes, which I cite real world experiences I'm talking about small business and / or tax matters, and not other stuff where my experiences would be nothing more than anyone else's.

 

[PatsFan1283]

Yeah, "than ever" was more hyperbole and talking about recently.

You go back 10-15 years ago though and you had that Yanks/Sox cold war, both of them just stockpiling any big name star at a rapid rate. The Yanks payroll then crushed other teams before, now your seeing a lot of these teams keep their own top of the line players.

You got other bigwig teams that get into the FA hunt for all players like the Dodgers, Tigers and Angels too. Probably some other teams I'm unaware of.

Yanks are still getting McCann, Ellsbury types in free agency but they aren't really stockpiling recent MVP and cy young winners every single year like they did with Clemens, Giambi, A-Rod and all those other guys they would get.

Obviously Steinbrenner being dead and his kids not having the same win-at-all-costs attitude plays a role too.

 

[PatsFan1283]

http://documents.latimes.com/donald-sterlings-answer-nba-charges/

This is pretty awesome to read

Still don't get how he is fighting everything at the same time his wife has BofA giving financials to buyers though

 

[Shub]

Don claimed he has an offer of $2.5 b. It's safe to assume that is his sale target.

It's a sweet deal to take home $1.5 b after tax for a racist like him.

Too bad his old racist ass cant take it with him.....

 

[Shub]

It would be fantastic if this NBA hearing was televised.

It would be even better if you would just vanish

 

[Acebb]

It would be even better if you would just vanish

Of course as the resident hate filled racist, you're just projecting.

 

[Acebb]

http://documents.latimes.com/donald-sterlings-answer-nba-charges/

This is pretty awesome to read

Still don't get how he is fighting everything at the same time his wife has BofA giving financials to buyers though

I guess I missed the part where his lawyer is advising him to sell and that he has no case!

I have no idea why his wife is out talking to potential buyers. She can't sell the team.
I think someone in one of their camps is lying.

 

[PatsFan1283]

I can see the turmoil with him and his wife. Obviously they are gonna be dysfunctional.

However I can't imagine BofAs ibanking unit would get involved in this if the team wasn't legitimately being sold.

 

[Acebb]

Sterling's attorney, Max Blecher, told USA TODAY Sports late Tuesday that Sterling is not interested in selling the Clippers, contrary to a statement made Tuesday by his wife's attorney. Shelly Sterling's attorney, Pierce O'Donnell, said Donald Sterling authorized Shelly Sterling in writing to sell the team, including his 50-percent stake.
...
"Present position is no sale," Blecher said.

http://www.usatoday.com/story/sport...tter-privacy-los-angeles-lawsuit-ban/9646707/

============

The reason why Sterling put the $2.5 billion figure into the response to the NBA is to setup litigation when Silver tries to sell the team for a lower amount.

 

[Acebb]

pats,

I have no idea why BoA would get involved either. The NBA announced last week that they were proceeding with the termination.
If I understand the process correctly, once Donald's ownership is terminated, the NBA has control of the team and leads the efforts to sell the team (and the NBA has to approve any sale anyway). The Sterling's will not be involved.

It would be analogous if the county sheriff put out a notice saying your home is being sold in a Sheriff sale yet you called me up and asked me if I wanted to buy it from you the week before. I have no idea what some of these people are doing.