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Started By
Message
2
Posted on 5/30/14 at 4:53 pm to Brettesaurus Rex
quote:
Forcing this guy out and selling his own property basically without his consent is horseshite.
They haven't forced him to sell anything.
The owners never voted.
Posted on 5/30/14 at 4:58 pm to undecided
quote:
Donald Sterling to Sue the NBA for $1 Billion
Dumb move, because something something capital gains tax
Posted on 5/30/14 at 5:18 pm to LL012697
All the NBA needs to do is wait until about Sunday, tell him that he already won his lawsuit, take him to McDonald's and get him a Happy Meal and he'll be content.... until he forgets where he put his toy and then he'll totally forget about the lawsuit altogether
This post was edited on 5/30/14 at 5:19 pm
Posted on 5/30/14 at 5:21 pm to Walking the Earth
He's going to win and rather easily
Posted on 5/30/14 at 5:22 pm to undecided
He likely has alzheimers and this whole thing started with a private conversation recorded by his whore/fricktoy. The NBA should be shitting themselves.
Posted on 5/30/14 at 5:24 pm to Walking the Earth
quote:He gave her control of the trust.
His old lady sold the team out from under him before the NBA even voted
Posted on 5/30/14 at 5:27 pm to shel311
Sounds like he should be pissed at her then.
I imagine a judge would have a similar opinion. But someone with a law degree can jump in here and explain if he has any recourse against the NBA since they never got the chance to force a sale.
I imagine a judge would have a similar opinion. But someone with a law degree can jump in here and explain if he has any recourse against the NBA since they never got the chance to force a sale.
Posted on 5/30/14 at 5:29 pm to Byron Bojangles III
quote:
He's going to win and rather easily
Really counselor? Why don't you go ahead and lay out exactly how and why he will win?
Posted on 5/30/14 at 5:35 pm to Green Chili Tiger
quote:
Really counselor? Why don't you go ahead and lay out exactly how and why he will win?
After a $2 billion sale, I'd be interested in the argument as to what his damages are.
Posted on 5/30/14 at 5:43 pm to Bear Is Dead
quote:
He'll pay cap gains on $2 bil, which will come out to about $800 mil. Then his kids will pay inheritance tax on that $1.2 bil. End result is about $600 mil. So its not like hes pocketing $2bil
Boo fricking Hoo. If he doesn't want to pay all those taxes, I'm sure he could find potential buyer to help him out and pay less for his 2nd tier franchise.
Posted on 5/30/14 at 5:51 pm to Brettesaurus Rex
quote:
fricking right. Forcing this guy out and selling his own property basically without his consent is horseshite. All because of one phone call. Outrageous.
He's a franchise owner. Franchisors have rights. He didn't build the NBA. In fact, the way he ran his franchise up until a few years ago hurt the NBA brand more than enhance it. He's a fricking buffoon. This "one little phone call" had already put the wheels in motion for a possible league wide boycott if he retained ownership of the Clippers.
Posted on 5/30/14 at 5:51 pm to undecided
At first, I didn't like this guy. Now, I kinda like the way he's fricking with the NBA. This could be fun to watch.
Posted on 5/30/14 at 6:01 pm to northLAgoomba
quote:
Now, I kinda like the way he's fricking with the NBA. This could be fun to watch.
^^^^^^^
Posted on 5/30/14 at 6:01 pm to SDwhodat
Just got some settlement.
NBA wants this to end now.
NBA wants this to end now.
This post was edited on 5/30/14 at 6:02 pm
Posted on 5/30/14 at 6:09 pm to unWAVEring FAN
quote:
After a $2 billion sale, I'd be interested in the argument as to what his damages are.
After taxes and his wife getting half he only gets 660k roughly. Someone else did the math.
Posted on 5/30/14 at 6:10 pm to northLAgoomba
quote:
At first, I didn't like this guy. Now, I kinda like the way he's fricking with the NBA. This could be fun to watch.
If you knew how much extra you pay on everything from a stick of gum to the car you drive because manufacturers have to factor into the unit cost the potential cost of defending themselves against frivolous litigation you might think differently.
This post was edited on 5/30/14 at 6:11 pm
Posted on 5/30/14 at 6:12 pm to undecided
frick him
Posted on 5/30/14 at 6:12 pm to LSU82BILL
If he does win what does the nba do? Can they afford this hit?
This post was edited on 5/30/14 at 6:12 pm
Posted on 5/30/14 at 6:14 pm to Byron Bojangles III
quote:
After taxes and his wife getting half he only gets 660k roughly. Someone else did the math.
Pretty sure you mean million, not thousand. Paying taxes and splitting the income with his wife are not damages.
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