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Who sets the price for the forced sell of the Clippers?
Posted on 5/1/14 at 2:22 pm
Posted on 5/1/14 at 2:22 pm
Can Sterling say, "Sure I'll sell the Clippers...for $1 Trillion dollars."
11
Posted on 5/1/14 at 2:24 pm to BayouNation
quote:
Who sets the price for the forced sell of the Clippers?
The market?
Posted on 5/1/14 at 2:29 pm to hendersonshands
Posted on 5/1/14 at 2:33 pm to BayouNation
The market. Just like you would set the price to sell your soul.....I mean your car.
Posted on 5/1/14 at 2:33 pm to BayouNation
2 billion should be his asking price
Posted on 5/1/14 at 2:33 pm to BayouNation
I think they said it would be around 700 million
Posted on 5/1/14 at 2:34 pm to BayouNation
1 Dollar
Posted on 5/1/14 at 2:34 pm to hendersonshands
quote:
The market?
Normally when someone is in such dire straights that they're forced to sell something, they aren't going to get market price. Especially when the other parties know it's a forced sale.
ETA: This literally one of the only aspects of this whole story that interests me.
This post was edited on 5/1/14 at 2:35 pm
Posted on 5/1/14 at 2:40 pm to ProjectP2294
quote:
Normally when someone is in such dire straights that they're forced to sell something, they aren't going to get market price. Especially when the other parties know it's a forced sale.
But I mean, if he doesn't really want to sell, can't he just set it super high and nobody will buy it?
Posted on 5/1/14 at 2:40 pm to NC17
It depends what the going rate is three years from now when his lawyers are done messing with the NBA
Posted on 5/1/14 at 2:41 pm to BayouNation
1. Be a racist.
2. Sell your team.
3. ???
4. Profit.
2. Sell your team.
3. ???
4. Profit.
Posted on 5/1/14 at 2:42 pm to fleaux
quote:
It depends what the going rate is three years from now when his lawyers are done messing with the NBA
I hope it lasts longer
Posted on 5/1/14 at 2:54 pm to BayouNation
I think I read he bought the team in 1982 for 12.5mil.
Posted on 5/1/14 at 2:56 pm to cajuntiger07
quote:
I think they said it would be around 700 million
I'm betting it will be double that, personally.
Posted on 5/1/14 at 2:58 pm to cajuntiger07
quote:
I think they said it would be around 700 million
I would have agreed with you until the Bucks sold for $550 million.
Posted on 5/1/14 at 2:59 pm to hendersonshands
what racist is down voting everything?
Posted on 5/1/14 at 3:00 pm to NorthshoreTiger76
Posted on 5/1/14 at 3:01 pm to NawlinsTiger9
quote:
I'm betting it will be double that, personally
not a chance
Posted on 5/1/14 at 3:01 pm to ProjectP2294
quote:
Normally when someone is in such dire straights that they're forced to sell something, they aren't going to get market price. Especially when the other parties know it's a forced sale.
When the league bought the Hornets, they bought it for about $300 million. Shinn allegedly had 2 offers on the table, a lowball local offer from minority owner Gary Chouest, and a carpetbagger offer from Larry Ellison who wanted to move the team for about $400-$450 million. I don't know how they settled on $300 million, although the league was one of Shinn's creditors and he was reportedly on the brink of bankruptcy when he had to sell the team, so he was a motivated seller unlike Sterling.
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