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re: Who sets the price for the forced sell of the Clippers?
Posted on 5/1/14 at 3:25 pm to medtiger
Posted on 5/1/14 at 3:25 pm to medtiger
Incorrect on the transfer. He has to pass away and will the team to a family member to only pay the difference between the appraisal price and actual sale price. Any other way he pays 33.3 percent tax on anything over 12.5 mil. He will drag this out until he dies.
Edit - his legal team is preparing an anti trust claim against the nba for interference on him to earn a living. This came from an espn legal reporter
Edit - his legal team is preparing an anti trust claim against the nba for interference on him to earn a living. This came from an espn legal reporter
This post was edited on 5/1/14 at 3:29 pm
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