Donald Sterling renews fight to keep Clippers after authorizing wife to sell team
Creating even more confusion about what he ultimately intends to do, Sterling said in the letter Tuesday that the NBA has no right to strip him of the Clippers. He claimed his racist remarks were illegally recorded “during an inflamed lovers’ quarrel in which he was clearly distraught.”
When asked why Sterling has changed his mind, his lawyer, Max Blecher, said the Clippers owner “was in a state of shock at first. Now he’s recovering and he’s much more feisty.”
Read more: http://www.nydailynews.com/sports/b...une-3-hearing-article-1.1808097#ixzz336UJ7Bqr
When asked why Sterling has changed his mind, his lawyer, Max Blecher, said the Clippers owner “was in a state of shock at first. Now he’s recovering and he’s much more feisty.”
Read more: http://www.nydailynews.com/sports/b...une-3-hearing-article-1.1808097#ixzz336UJ7Bqr
It seemed too good to be true. Turns out, it was. Now, once again, the NBA is on edge thanks to its most unsavory and unpredictable owner.
Last week, when word spread that the Clippers situation was heading toward a quick and relatively painless resolution, with the wife of disgraced owner Donald Sterling taking control of the team and guiding a speedy sale, those who have known and worked with Sterling over the years were stunned.
It turns out Sterling was not on board with the plan to cede control to his wife and let her sell the team, which was expected to fetch somewhere north of $1 billion—and perhaps even $2 billion—once the bidding war heated up.
http://www.sportingnews.com/nba/sto...-fine-lawsuit-nba-vote-adam-silver-doc-rivers
Totally over.
Totally cut & dry!
Last week, when word spread that the Clippers situation was heading toward a quick and relatively painless resolution, with the wife of disgraced owner Donald Sterling taking control of the team and guiding a speedy sale, those who have known and worked with Sterling over the years were stunned.
It turns out Sterling was not on board with the plan to cede control to his wife and let her sell the team, which was expected to fetch somewhere north of $1 billion—and perhaps even $2 billion—once the bidding war heated up.
http://www.sportingnews.com/nba/sto...-fine-lawsuit-nba-vote-adam-silver-doc-rivers
Totally over.
Totally cut & dry!
Bidders were also trying to make sense of statements from Sterling’s lawyer late Tuesday. Blecher said that despite Sterling’s letter to the NBA, he would not support his wife’s sale of the team and planned to stage a prolonged fight to maintain ownership. Two bidders said they still believed the sale would go ahead.
Shelly Sterling’s advisors have told bidders they expect to announce a winner expeditiously, though they did not specify a time for their decision.
http://www.latimes.com/sports/sportsnow/la-sp-sn-clippers-sale-bidders-20140528-story.html
Totally over by June 3!
Sold by June 3!
Shelly Sterling’s advisors have told bidders they expect to announce a winner expeditiously, though they did not specify a time for their decision.
http://www.latimes.com/sports/sportsnow/la-sp-sn-clippers-sale-bidders-20140528-story.html
Totally over by June 3!
Sold by June 3!
Really?
The NBA released a statement saying its advisory and finance committee met via conference call Wednesday, plans to review all documents and still intends to vote Tuesday on the matter.
So if the team is going to be sold before June 3, why are they voting again?
You are so comically dumb you can't even read and comprehend your own links.
Uh, that's great for you.
But when someone says "sold" they typically mean the transaction is done.
In other words, if the Clippers are "sold" (past participle of "sell") [give or hand over (something) in exchange for money] the entire transaction wold be complete.
Unless you want to say you "sold" your car but you didn't get the check for it yet.
It is quite funny that in order for you to be "right" you have to change the common definition of words.
Except you are not "correct" since Sterling's lawyer has said he isn't selling and the NBA is still voting to take away Sterling's ownership on June 3 despite the team being for sale.
But hey, what's another lie on the pile, right? I mean, you actually posted on this forum that you were "banned" which was a complete lie, so why stop now?
Latest from the NYT
Donald Sterling’s lawyer, Maxwell Blecher, said that while Rochelle Sterling had the authority to negotiate a deal, she could not complete one without her husband’s approval.
“She does not have his power of attorney,” Blecher said in an interview Wednesday. “Shelly doesn’t see it that way, and you can read it and draw your own conclusions.”
He added, “The authorization letter doesn’t close the case; if Group X comes in with a $2.5 billion bid, Sterling, Shelly and the league have to agree to it.”
...
“They have to do something to restore his dignity,” Blecher said. “These are false and scurrilous attacks based on evidence that California courts have declared cannot be used in any proceeding.” He said that Sterling might file suit against the league before Tuesday, rather than wait until the owners cast their votes.
Sports law experts suggested there might be some logic in Sterling’s letting his wife negotiate the sale while pursuing a full-throated, all-or-nothing defense.
“It could be a matter of principle for Sterling, of trying to save his name,” said Gabe Feldman, the director of the sports law program at Tulane University Law School. “It could be a leverage play — that it’s going to take a sizable offer for him to sell his team, that he will sell only for the right price, but not because he’s required to.”
Irwin P. Raij, a partner at Foley & Lardner, said: “This is a reluctant seller, but you have to pay attention to a worthwhile price. Maybe he knows it’s not worth the continued battle, but he could be establishing value. They seem to be employing multiple strategies; one may benefit the other.”
...
If the sale is not completed before Tuesday’s hearing and the Sterlings are ousted as owners, the league will sell the team at auction and give the couple their profits. A three-quarters vote of the 29 other owners is required to oust the Sterlings.
http://www.nytimes.com/2014/05/29/s...ht-sale-of-clippers.html?hpw&rref=sports&_r=0
Notice the dumb little kid, who has no real world business experience, commenting on this matter understands none of the above.
Nothing at all.
The LA Clippers will not be sold by June 3. Shelly Sterling will not be selling the LA Clippers.
This absolute joke of a poster crowing he was "right" about something is comical and absurd.
Donald Sterling’s lawyer, Maxwell Blecher, said that while Rochelle Sterling had the authority to negotiate a deal, she could not complete one without her husband’s approval.
“She does not have his power of attorney,” Blecher said in an interview Wednesday. “Shelly doesn’t see it that way, and you can read it and draw your own conclusions.”
He added, “The authorization letter doesn’t close the case; if Group X comes in with a $2.5 billion bid, Sterling, Shelly and the league have to agree to it.”
...
“They have to do something to restore his dignity,” Blecher said. “These are false and scurrilous attacks based on evidence that California courts have declared cannot be used in any proceeding.” He said that Sterling might file suit against the league before Tuesday, rather than wait until the owners cast their votes.
Sports law experts suggested there might be some logic in Sterling’s letting his wife negotiate the sale while pursuing a full-throated, all-or-nothing defense.
“It could be a matter of principle for Sterling, of trying to save his name,” said Gabe Feldman, the director of the sports law program at Tulane University Law School. “It could be a leverage play — that it’s going to take a sizable offer for him to sell his team, that he will sell only for the right price, but not because he’s required to.”
Irwin P. Raij, a partner at Foley & Lardner, said: “This is a reluctant seller, but you have to pay attention to a worthwhile price. Maybe he knows it’s not worth the continued battle, but he could be establishing value. They seem to be employing multiple strategies; one may benefit the other.”
...
If the sale is not completed before Tuesday’s hearing and the Sterlings are ousted as owners, the league will sell the team at auction and give the couple their profits. A three-quarters vote of the 29 other owners is required to oust the Sterlings.
http://www.nytimes.com/2014/05/29/s...ht-sale-of-clippers.html?hpw&rref=sports&_r=0
Notice the dumb little kid, who has no real world business experience, commenting on this matter understands none of the above.
Nothing at all.
The LA Clippers will not be sold by June 3. Shelly Sterling will not be selling the LA Clippers.
This absolute joke of a poster crowing he was "right" about something is comical and absurd.
Michael Bass, the NBA’s chief spokesman, reiterated the comments of Commissioner Adam Silver last week: “It would be a preferred outcome if the Sterlings were to voluntarily transfer 100% of the ownership in the team to new owners, rather than to have their ownership in the team terminated.”
http://www.latimes.com/sports/sports...527-story.html
If the Sterling's are planning on using this bidding process to get a price and waste everyone's time, that would be movie worthy. I however believe they will accept an offer from a legitimate source, the NBA will agree to it in principle and cancel the June 3rd vote. Donald will still sue the NBA most likely to get his ban rescinded and for his capital gains losses to be paid.
The fact you believe what a lawyer is telling the public is probably the most hilarious part. Who believes lawyers?
The fact you believe what a lawyer is telling the public is probably the most hilarious part. Who believes lawyers?
Dude. Instead if stating how well-versed you are on real world issues learn about them first. If he sues the NBA, he potentially has a case because there is no precedent for a force out. He won't even be able to get to court for capital gains losses if he sells the team while under his own control. Learn the basic before letting everyone know how knowledgable you are, or in this case how much knowledge you lack.
Lmao!! He can sue for whatever he wants. If he feels the NBA forced him to sell, which they are... regardless of if he does it on his own or not, he can sue the NBA for those losses. The fact you think he can't is hilarious. Out of your league bro. I think he'll lose regardless though and that's why he'll sell the team first.
