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Looks like Magic really does want to buy the Clippers
Posted on 4/28/14 at 8:43 pm
Posted on 4/28/14 at 8:43 pm
quote:
Yahoo Sports reports that former Laker and Hall-of-Famer Magic Johnson is interested in purchasing the Los Angeles Clippers from Donald Sterling in the wake of the alleged racist comments from Sterling that broke into a firestorm of scandal this weekend.
Magic Johnson and his billionaire backers, the Guggenheim Partners, want a chance to purchase the Los Angeles Clippers, league sources told Yahoo Sports. "Magic's absolutely interested," one source closely connected to Johnson's business interests told Yahoo Sports on Sunday night.
To bail themselves out of the NBA's worst crisis of credibility since the Tim Donaghy officiating scandal, the easy part for the NBA will be enlisting the eagerness and financial muscle of Magic Johnson and Mark Walter of the Guggenheim Partners – owners of the Los Angeles Dodgers.
Make no mistake: Magic's Dodgers group is angling for a Southern California sports empire. Magic Johnson and Guggenheim had been aggressive in pursuing a purchase of the Los Angeles Lakers – only to have the Buss family make clear to them the franchise isn't for sale, sources told Yahoo Sports.
"This is 100 percent Magic's plan," a league official intimately involved in the buying and selling of franchises told Yahoo Sports.
via Exit strategy for NBA, Donald Sterling: Sell Clippers to Magic Johnson - Yahoo Sports.
Johnson and his backers bought the Dodgers in March 2012 for a reported $2 billion. If this were to go through, it woud indeed make for a smooth transition and allow the NBA to sweep Sterling's tenure, which they have tolerated until this most recent fiasco, under the rug. Johnson is beloved as a national figure and in the basketball world, is well known in California, and has tremendous business acumen.
But the NBA has no authority to force the sale of the team, as of yet, and the process of extracting it in order to initiate a sale to Johnson could take some time. This is a viable solution to the overarching problem that Sterling's ownership presents to the league but not an immedate salve to the burning condition Sterling's alleged comments have caused on the league's PR.
LINK
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Posted on 4/28/14 at 8:45 pm to LosLobos111
So, Magic and the Guggenheims were behind the audio recording the whole time?
This post was edited on 4/28/14 at 8:46 pm
Posted on 4/28/14 at 8:45 pm to LosLobos111
Posted on 4/28/14 at 8:46 pm to TigerBwoy
Inside job
Posted on 4/28/14 at 8:47 pm to TigerBwoy
quote:
So, Magic and the Guggenheims were behind the audio recording the whole time?
Posted on 4/28/14 at 8:50 pm to tigerpimpbot
quote:
Inside job
Posted on 4/28/14 at 8:51 pm to LosLobos111
quote:
To bail themselves out of the NBA's worst crisis of credibility
Posted on 4/28/14 at 8:53 pm to BayouBandit24
This is just part of his masterplan, going all the way back to when he faked having AIDS
This post was edited on 4/28/14 at 8:53 pm
Posted on 4/28/14 at 8:56 pm to genro
It would be a plot twist if this was the case.
You can't force him to sell it though...he could say fine, want it? 5 billion dollars mtfer.
You can't force him to sell it though...he could say fine, want it? 5 billion dollars mtfer.
Posted on 4/28/14 at 8:56 pm to LosLobos111
Hmmm Lakers legend buys clippers, seems legit.
Posted on 4/28/14 at 9:04 pm to LosLobos111
quote:
Magic Johnson tweeted on Monday that he is not interested in buying the Clippers, contrary to a report from Yahoo! Sports' Adrian Wojnarowski. "To NBA Fans, I want to put a stop to a rumor. I am not tyring to buy the Clippers, they already have an owner." Any number of things could have happened between Woj's report and Magic's tweet, but for whatever reason Magic is distancing himself from the report. Adam Silver is set to speak on the Donald Sterling issue on Tuesday.
Posted on 4/28/14 at 9:06 pm to genro
[quote]This is just part of his masterplan, going all the way back to when he faked having AIDS[/quote
Nice! 
Nice!
Posted on 4/28/14 at 9:07 pm to tigerpimpbot
quote:
Inside job
Posted on 4/28/14 at 9:14 pm to Na Mean
Woj is one of the biggest NBA insiders. I highly doubt its just rumors.
Posted on 4/28/14 at 9:16 pm to LosLobos111
Outside of the last couple of years, the Clippers have been a turd of a franchise their entire existence. Through it all, Sterling maintained ownership. What makes anyone think he's going to sell the team now?
Public backlash? He's 80 and mega-wealthy. He doesn't give a shite about public backlash.
Waning attendance and sponsorship? No one went to the games for 25 years prior to this. He obviously didn't give a shite about poor attendance.
Magic Johnson doesn't have enough money to buy a D-league team. He's just the face of the people with real money. He has zero say over what those guys want to do with their money
The only thing that could have an effect on Sterling is if the Clippers players completely boycotted the team and essentially went on strike. However we all know damn good and well that isn't going to happen for any meaningful period of time. Because when you spend money like the it's never going to run out, you have a vested interest in making sure (as much as possible) that it doesn't run out. People who aren't fans of the NBA and never went to basketball games prior, will continue to not be basketball fans, nor go to games. Zero NBA fans will stop being NBA fans because of this. The players the players will turn their socks and whatever else inside out, while at the same time depositing their 5-6 figure paychecks. The Finals will come and go without the Clippers (eventually flopping all over the court doesn't win series against the NBA's best). Someone will refuse to sell something to a gay couple, and the tolerance police will continue to be intolerant of intolerance. Rinse and repeat for the WORST controversy since the last WORST controversy
Public backlash? He's 80 and mega-wealthy. He doesn't give a shite about public backlash.
Waning attendance and sponsorship? No one went to the games for 25 years prior to this. He obviously didn't give a shite about poor attendance.
Magic Johnson doesn't have enough money to buy a D-league team. He's just the face of the people with real money. He has zero say over what those guys want to do with their money
The only thing that could have an effect on Sterling is if the Clippers players completely boycotted the team and essentially went on strike. However we all know damn good and well that isn't going to happen for any meaningful period of time. Because when you spend money like the it's never going to run out, you have a vested interest in making sure (as much as possible) that it doesn't run out. People who aren't fans of the NBA and never went to basketball games prior, will continue to not be basketball fans, nor go to games. Zero NBA fans will stop being NBA fans because of this. The players the players will turn their socks and whatever else inside out, while at the same time depositing their 5-6 figure paychecks. The Finals will come and go without the Clippers (eventually flopping all over the court doesn't win series against the NBA's best). Someone will refuse to sell something to a gay couple, and the tolerance police will continue to be intolerant of intolerance. Rinse and repeat for the WORST controversy since the last WORST controversy
Posted on 4/28/14 at 9:17 pm to LosLobos111
Magic must have a good bit of that AIDS money still hanging around.
Posted on 4/28/14 at 9:18 pm to Scruffy
This is so ironic
Posted on 4/28/14 at 9:18 pm to Scruffy
Adam Silver will be lowering the boom tomorrow on Silver. This gonna be good! 
Posted on 4/28/14 at 9:25 pm to nosaj
Posted on 4/28/14 at 9:26 pm to lighter345
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