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JT Jag posted:He is already part of the group that owns the Los Angeles Dodgers, and there are conflict of interest provisions that prevent someone from owning shares in two sports franchises in the same market. So yeah, doubtful. I don't think this is true. I know from Dallas sports drama that there's no such provision from the MLB side, since Tom Hicks owned the Rangers and Stars, and I don't think there's such a prohibition on the NBA's side, since Mark Cuban (owner of the Mavericks) was part of an ownership group trying to buy the Rangers in their bankruptcy auction.
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Apr 29, 2014 19:55
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How do you ban the owner of a basketball team from basketball? Did they take the Clippers away from him?
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Apr 29, 2014 19:56
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Alter Ego posted:How do you ban the owner of a basketball team from basketball? Did they take the Clippers away from him?
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Apr 29, 2014 19:57
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Fried Chicken posted:He did, but he has also grappled with Sterling about other issues (eg the housing stuff Sterling owns) for decades since he retired and got into activism. Plus Sterling slammed him recently. Yeah for those not following, Donald Sterling's biracial mistress taped him telling her not to bring black guys around, not even Magic Johnson. Sterling has long been one of the worst owners in sports so it's good not only to send a message that racism will not be tolerated in an organization where almost all the players are minorities, but it's good for Clips fans as well. Alter Ego posted:How do you ban the owner of a basketball team from basketball? Did they take the Clippers away from him? 3/4 of the owners can vote to force a sale, and apparently the league knows it has that threshold.
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Apr 29, 2014 20:00
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Alter Ego posted:How do you ban the owner of a basketball team from basketball? Did they take the Clippers away from him? He still owns the team, but he's basically barred from making any decisions regarding the team or showing up to team events. Basically, if he wants to just collect profits off the team silently, he could. Which is why the second half of the reaction, of sponsors refusing to have anything to do with the Clippers and what this scandal will do to the upcoming Clippers local TV contract, is very important. It could basically turn profits into losses and force him to sell.
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Apr 29, 2014 20:00
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The idea of a rich white guy actually suffering consequences for being a racist and a horrible person must REALLY be chapping the right's rear end.
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Apr 29, 2014 20:02
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Alter Ego posted:How do you ban the owner of a basketball team from basketball? Did they take the Clippers away from him? He is not allowed onto any franchise properties or to contact any franchise staff. He can sit home and collect checks from the organization, but he can't have anything to do with the running of it. And the owner not being able to run it will tank valuation because (while keeping owners away from the team would probably be good, see jerry Reinsdorf and the Jordan era Bulls) keeping them away from the business side is harmful zoux posted:Yeah for those not following, Donald Sterling's biracial mistress taped him telling her not to bring black guys around, not even Magic Johnson.
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Apr 29, 2014 20:05
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Alter Ego posted:The idea of a rich white guy actually suffering consequences for being a racist and a horrible person must REALLY be chapping the right's rear end. JT Jag fucked around with this message at 20:11 on Apr 29, 2014 |
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Apr 29, 2014 20:07
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JT Jag posted:Well, he's gonna get 600 or so million dollars from selling the franchise, so don't rejoice too much. Yeah, he bought it for 12 million, it is presently values at north of 700 million. So he is going to make a tidy profit He loses the power and prestige though, and at that level of rich the power and prestige is what matters.
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Apr 29, 2014 20:09
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I don't even care that he's going to make money off it, the fact that someone with that much money has actually suffered any consequences for being a racist piece of poo poo makes me happy. I figured he would get fined and scolded and nothing else. The fact that the NBA is forcibly kicking him to the curb is great.
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Apr 29, 2014 20:14
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Kiwi Ghost Chips posted:Using the military for law enforcement is a terrible idea. Unfortunately, I think that ship has sailed, in that American law enforcement is behaving like a military force.
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Apr 29, 2014 20:17
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JT Jag posted:Well, he's gonna get 600 or so million dollars from selling the franchise, so don't rejoice too much. There are lots of ways for rich white guys to make $600 million. The cache and rich guy bragging rights that go along with owning a pro basketball team are priceless and irreplaceable.
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Apr 29, 2014 20:21
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Magres posted:I don't even care that he's going to make money off it, the fact that someone with that much money has actually suffered any consequences for being a racist piece of poo poo makes me happy. I figured he would get fined and scolded and nothing else. The fact that the NBA is forcibly kicking him to the curb is great. Yeah, the NBA post "I know where the bodies are buried" David Stern has been fantastic from a management standpoint.
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Apr 29, 2014 20:21
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He's currently telling Fox News that he's not planning on selling the team.
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Apr 29, 2014 20:23
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Magres posted:I don't even care that he's going to make money off it, the fact that someone with that much money has actually suffered any consequences for being a racist piece of poo poo makes me happy. I figured he would get fined and scolded and nothing else. The fact that the NBA is forcibly kicking him to the curb is great. Joementum posted:He's currently telling Fox News that he's not planning on selling the team. 
fade5 fucked around with this message at 20:26 on Apr 29, 2014 |
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Apr 29, 2014 20:23
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Fried Chicken posted:Yeah, he bought it for 12 million, it is presently values at north of 700 million. So he is going to make a tidy profit Your chances of there being 'sport hostesses' you can wrangle just as a mere billionaire goes down drastically. From the recordings it becomes very obvious that the team was really just a multi-million dollar bunny ranch for him.
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Apr 29, 2014 20:24
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Joementum posted:He's currently telling Fox News that he's not planning on selling the team.
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Apr 29, 2014 20:28
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Joementum posted:He's currently telling Fox News that he's not planning on selling the team. Since this just happened today, the guy is working his way through the whole stages of loss/grief deal. He's probably just now reached Anger and will be at Bargaining soon.
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Apr 29, 2014 20:32
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thefncrow posted:I don't think this is true. I know from Dallas sports drama that there's no such provision from the MLB side, since Tom Hicks owned the Rangers and Stars, and I don't think there's such a prohibition on the NBA's side, since Mark Cuban (owner of the Mavericks) was part of an ownership group trying to buy the Rangers in their bankruptcy auction. Yeah and Tom Benson in New Orleans owns both the Saints (NFL) and Pelicans (NBA).
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Apr 29, 2014 20:33
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radical meme posted:Since this just happened today, the guy is working his way through the whole stages of loss/grief deal. He's probably just now reached Anger and will be at Bargaining soon. from twitter: ZachLowe_NBA: League sources say Silver/league, not Sterling, would control Clips sales process in event Silver gets the required 3/4 vote to force it. Hard to bargain on a 1 dollar sale.
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Apr 29, 2014 20:34
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double post
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Apr 29, 2014 20:34
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Gerund posted:from twitter: That's if the league votes to terminate his ownership. Likely, he'll get a short window to start looking for buyers on his own, and if he refuses, the league terminates his ownership, takes control of the team, and sells it themselves.
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Apr 29, 2014 20:37
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Gerund posted:from twitter: Magic buying the Clippers for a song could be the possible outcome of this.
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Apr 29, 2014 20:38
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Gerund posted:from twitter: Said before but: Get wreked Sterling. 
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Apr 29, 2014 20:39
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In a perfect world Donald Trump would buy it. Perfectly comical, that is.
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Apr 29, 2014 20:40
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Pohl posted:In a perfect world Donald Trump would buy it. Perfectly comical, that is. You don't want to have to root for the LA Trumps.
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Apr 29, 2014 20:41
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I'm willing to bet that it's in the CBA that even if the league ends up controlling the selling process, they'd have to conduct the sale in good faith (i.e. not sell the team for pennies on the dollar). Sterling will walk away from this a very rich man no matter how much he cooperates. Still, this has been a long time coming and it's good for both the Clippers and the league.
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Apr 29, 2014 20:42
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haveblue posted:You don't want to have to root for the LA Trumps. I would if the new uniform included comically terrible toupes.
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Apr 29, 2014 20:43
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donald sterling's ancestors settled the staples center b4 the NBA even existed and have birthright claim to the team #standwithcliven #bundy4ever
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Apr 29, 2014 20:44
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hcreight posted:I'm willing to bet that it's in the CBA that even if the league ends up controlling the selling process, they'd have to conduct the sale in good faith (i.e. not sell the team for pennies on the dollar). Sterling will walk away from this a very rich man no matter how much he cooperates. Still, this has been a long time coming and it's good for both the Clippers and the league. If the 3/4ths vote goes through, the NBA terminates Sterling's ownership and then sells it themselves- i.e. what happened in New Orleans. The 29 remaining owners would love to get an extra 1/29th of a cool billion for their hard minute's work. edit: this is just from twitter "reporting", not gospel.
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Apr 29, 2014 20:46
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JT Jag posted:Well, he's gonna get 600 or so million dollars from selling the franchise, so don't rejoice too much. If he doesn't sell of his own accord, and the NBA owners vote to force him to sell, the NBA would then control the sales process. Which means they set the price.
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Apr 29, 2014 20:47
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Folks in Seattle are starting to whisper about a Clippers sale to Chris Hansen, who would then move the team north to become the new Sonics. Is this even plausible as an outcome?
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Apr 29, 2014 20:48
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whitey delenda est posted:donald sterling's ancestors settled the staples center b4 the NBA even existed and have birthright claim to the team #standwithcliven #bundy4ever
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Apr 29, 2014 20:49
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BuckT.Trend posted:Folks in Seattle are starting to whisper about a Clippers sale to Chris Hansen, who would then move the team north to become the new Sonics. No. Anyone who moves a basketball franchise out of L.A. would be a world-class idiot. Especially with the new media deal impending.
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Apr 29, 2014 20:51
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mdemone posted:If he doesn't sell of his own accord, and the NBA owners vote to force him to sell, the NBA would then control the sales process. Which will still be restrained by shareholder protections. And even if the lawyer who drafted the charter was criminally incompetent and didn't include them, it would be trivially easy to win the lawsuit to force the price to be appropriate to market valuation in defense of shareholder interests.
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Apr 29, 2014 20:51
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The thread in SAS just copy/pasted a tweet indicating that had the NBAPA not been happy with Silver's ruling, there would've been a boycott of tonight's game. I cannot believe that almost just happened. edit: tweet in question Dan Woike @DanWoikeSports 11m Had NBPA been unhappy with ruling, players would've boycotted tonight's playoff games.
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Apr 29, 2014 20:52
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BuckT.Trend posted:Folks in Seattle are starting to whisper about a Clippers sale to Chris Hansen, who would then move the team north to become the new Sonics. It's nice to see that the people of Seattle haven't lost their completely unfounded optimism since I moved away.
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Apr 29, 2014 20:52
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BuckT.Trend posted:Folks in Seattle are starting to whisper about a Clippers sale to Chris Hansen, who would then move the team north to become the new Sonics. No. The team's biggest value comes from it being located in LA, and even if the Seattle ownership group that tried to pull the Kings away paid the inflated price for an LA team, the league would basically never approve a relocation away from LA.
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Apr 29, 2014 20:53
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Fried Chicken posted:Which will still be restrained by shareholder protections. And even if the lawyer who drafted the charter was criminally incompetent and didn't include them, it would be trivially easy to win the lawsuit to force the price to be appropriate to market valuation in defense of shareholder interests. While yes, 1 dollar isn't fair market value, neither is a straight free-market auction value: the league has to approve the owner first and foremost. Its only the highest bid of the 'appropriate owner' that matters, not whatever enriches Sterling's pocket.
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Apr 29, 2014 20:54
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Fried Chicken posted:Which will still be restrained by shareholder protections. And even if the lawyer who drafted the charter was criminally incompetent and didn't include them, it would be trivially easy to win the lawsuit to force the price to be appropriate to market valuation in defense of shareholder interests. This looks like something that would be litigated to the Supreme court. Did anyone else catch the press conference? Cue fox reporter with the second question, "since his comments were private, isn't this a slippery slope?" Silver, "nope. Gtfo."
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Apr 29, 2014 20:54
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