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Started By
Message
Oprah wants the clippers
Posted on 4/30/14 at 11:15 am
Posted on 4/30/14 at 11:15 am
quote:
Oprah Winfrey is "considering the possibility" of joining a group to buy the Clippers from owner Donald Sterling. The NBA's Board of Governors could force the team's sale by a 75 percent vote, at which point a bidding war would likely commence. Magic Johnson may also team up with Guggenheim Partners to vie for the team, which is expected to be valued at more than $1 billion. Early indications are that Sterling's wife will not retain control of the franchise, though his family has been specifically exempted from Sterling's lifetime ban.
Thoughts?
13
Posted on 4/30/14 at 11:17 am to Na Mean
Who names the price of the team?
Posted on 4/30/14 at 11:17 am to Na Mean
This shite is out of control
Posted on 4/30/14 at 11:17 am to Na Mean
Too bad they're not for sale
Posted on 4/30/14 at 11:17 am to Na Mean
quote:If Magic ends up with this team after he was a part of the scandal......
Magic Johnson may also team up with Guggenheim Partners to vie for the team
Posted on 4/30/14 at 11:17 am to Na Mean
Does the legal process and whatever Sterling decides to do not need to play out before all of this sell the team stuff happens?
Posted on 4/30/14 at 11:18 am to Na Mean
Everybody wants the Clippers. Is every rich black person in line now to take the mans team before it is even for sale? 
Posted on 4/30/14 at 11:18 am to Na Mean
Posted on 4/30/14 at 11:18 am to WicKed WayZ
quote:
This shite is out of control
Posted on 4/30/14 at 11:18 am to PhiTiger1764
Of course it does, and he didnt break any laws so he's got a good case. Only problem is hes in his 80s and I'm not sure if he's willing to put up that kind of fight.
Plus it'll go for way other a billion dollars if it does sell. The bidding war will be ridiculous.
Plus it'll go for way other a billion dollars if it does sell. The bidding war will be ridiculous.
This post was edited on 4/30/14 at 11:21 am
Posted on 4/30/14 at 11:19 am to Na Mean
It's not going to happen unless they overpay by a crap ton. They will not be able to force him out and he's going to sue the @$%^ out of them if it does.
Posted on 4/30/14 at 11:20 am to papz
Dumb question, but Sterling would profit from the sale correct?
Posted on 4/30/14 at 11:22 am to tzimme4
I hate the NBA. So much. So, so much.
Posted on 4/30/14 at 11:23 am to Na Mean
Posted on 4/30/14 at 11:26 am to Na Mean
I have a pretty good feeling that all of these people jumping in line to buy this team think that they are going to get some big discount out of Sterling for their willingness to take the team off his hands amid all the controversy.
He admitted what he did, he didn't apologize and he has said the team isn't for sale....he doesn't give a single shite what anyone thinks and he damn sure isn't going to be a doormat in this process like everyone expects him to be.
He admitted what he did, he didn't apologize and he has said the team isn't for sale....he doesn't give a single shite what anyone thinks and he damn sure isn't going to be a doormat in this process like everyone expects him to be.
Posted on 4/30/14 at 11:28 am to okietiger
quote:
Dumb question, but Sterling would profit from the sale correct?
Yes. He bought the team for a little over $10M and would sell it for as low as $1B, just from numbers I have seen being thrown around.
Posted on 4/30/14 at 11:33 am to OnTheBrink
quote:
Yes. He bought the team for a little over $10M and would sell it for as low as $1B, just from numbers I have seen being thrown around.
He should give most of the money from the sale away. He is entitled to a profit but anything over $5M isn't right. A 50% profit is more than enough.
Posted on 4/30/14 at 11:33 am to Na Mean
This whole, "they must be owned by a black person!" movement is kinda disturbing.
Posted on 4/30/14 at 11:36 am to auburnu008
quote:
He should give most of the money from the sale away. He is entitled to a profit but anything over $5M isn't right. A 50% profit is more than enough.
What the hell? Why?
Posted on 4/30/14 at 11:37 am to auburnu008
quote:
He should give most of the money from the sale away. He is entitled to a profit but anything over $5M isn't right. A 50% profit is more than enough.
I'd like to know how the frick you came upon this thought process.
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