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re: Sterling agrees to a sell; Won't pursue lawsuit
Posted on 6/4/14 at 9:14 pm to boosiebadazz
Posted on 6/4/14 at 9:14 pm to boosiebadazz
FYI. I don't support or not support sterling. But I think it's obvious the sale price was over value. However value is whatever someone will pay. It is hard to break into the "owners club". So if it takes 2b. So be it. But let's not pretend it's an investment.
2
Posted on 6/4/14 at 9:15 pm to SavageOrangeJug
quote:
I honestly can't fathom anyone thinking Sterling lost on this deal.
I can, he lost the team..... That he still wants.
quote:
If we got paid per post, you would be Donald Sterling and I would be Magic Johnson
Well Magic Johnson is worth half a billion dollars so you wouldn't even come close to qualifying by that comparison.
This post was edited on 6/4/14 at 9:18 pm
Posted on 6/4/14 at 9:15 pm to boosiebadazz
Good for Sterling. He cashed in. Now he can spoil more Shemales.
My season tickets have increased like cray.
Ballmer better Pony up for LeBron now
My season tickets have increased like cray.
Ballmer better Pony up for LeBron now
Posted on 6/4/14 at 9:18 pm to BBONDS25
I agree with that. My whole argument is that Sterling didn't win because he was forced to divest himself of a 2 billion dollar asset that he had no intention of selling before the shite hit the fan
Posted on 6/4/14 at 9:19 pm to boosiebadazz
quote:
If the cash flows were so great and he's looking at a $2B valuation, why would he want to sell that asset?
Because Ballmer paid a helluva lot for blue sky because he wanted to be the guy who saved the Clippers from the evil Sterling.
Posted on 6/4/14 at 9:21 pm to boosiebadazz
Then we can 
Posted on 6/4/14 at 9:24 pm to BBONDS25
quote:
But let's not pretend it's an investment.
No. These sports teams are only status symbols for the ultra wealthy.
Posted on 6/4/14 at 10:27 pm to TrueTiger
Holy crapballs, Batman. Are you two still arguing this shite?
Posted on 6/5/14 at 12:44 am to boosiebadazz
I'm glad it's over. I think the legal point about forcing sales and rooting through people's past and lives is solid, but this fricking guy was not the person I wanted to knight for over it.
But at least we can laugh about the fact that, as an involuntary conversion, it's a tax free transaction, in good ole CA.
But at least we can laugh about the fact that, as an involuntary conversion, it's a tax free transaction, in good ole CA.
Posted on 6/5/14 at 6:16 am to boosiebadazz
I'm not reading past this but I'm betting the usual suspects now say "I told you so!" To this turn of events as well.
Posted on 6/5/14 at 7:01 am to UL-SabanRival
quote:
But at least we can laugh about the fact that, as an involuntary conversion, it's a tax free transaction, in good ole CA.
Holy crap. Now I actually believe Sterling won.
Posted on 6/5/14 at 8:16 am to boosiebadazz
I don't quote anyone. I'm here. The team wad appraised in January at 600 bil. An 81 yr old with dementia made comments about "blacks" to his side who're and sold the team for 2 BILLION and you're fricking stupid enough to think he didn't come out a winner?
Wow!
And he dropped his case after meeting with the NBA....you can bet your arse he came out of that meeting with more incentives to sell. Probably the 2.5 fine dropped at the minimum. Oh the horror, he is still banned....lol. He does not care.
I never thought the guy would stay owner. He was ALL about the cash and obviously came out on top, again!
And if you think he couldn't have dragged the NBA in court for a few years, well then your as dense as I originally figured. He'll be near death in a few years.
But, I'll play your game kid....tell us how Sterling lost.
Wow!
And he dropped his case after meeting with the NBA....you can bet your arse he came out of that meeting with more incentives to sell. Probably the 2.5 fine dropped at the minimum. Oh the horror, he is still banned....lol. He does not care.
I never thought the guy would stay owner. He was ALL about the cash and obviously came out on top, again!
And if you think he couldn't have dragged the NBA in court for a few years, well then your as dense as I originally figured. He'll be near death in a few years.
But, I'll play your game kid....tell us how Sterling lost.
Posted on 6/5/14 at 8:20 am to GeeOH
quote:
tell us how Sterling lost.
Because he was forced to sell a $2 billion dollar asset that he had no plans to sell before the shite hit the fan after he made his dumb comments.
Posted on 6/5/14 at 8:23 am to boosiebadazz
The Clipper franchise would never have been valued at 2 billion dollars during Sterling's lifetime.
He won
He won
Posted on 6/5/14 at 8:28 am to boosiebadazz
Keep spinning.
He bought the team for $12 million and will sell for $2 billion TAX FREE!
OH....someone called him a racist. DAMN! What a huge loss.
He bought the team for $12 million and will sell for $2 billion TAX FREE!
OH....someone called him a racist. DAMN! What a huge loss.
Posted on 6/5/14 at 8:30 am to Jay Quest
quote:
The Clipper franchise would never have been valued at 2 billion dollars during Sterling's lifetime.
He won
I don't see how you can say that when it absolutely was valued at 2 billion.
Sterling could have gotten $2 billion if he voluntarily put it up for sale.
Posted on 6/5/14 at 8:30 am to SavageOrangeJug
Pipe down, checkers.
We know what the profit/loss statement looks like. No one is debating that.
We know what the profit/loss statement looks like. No one is debating that.
This post was edited on 6/5/14 at 8:32 am
Posted on 6/5/14 at 8:32 am to SavageOrangeJug
quote:
He bought the team for $12 million and will sell for $2 billion
He is being forced to sell.
Sterling is being forced to sell a team that he wants to keep, this is not spinning. That is a fact.
Is he going to profit from this, sure, but he is "winning" for "losing" here. He is losing something he wants to keep.
This post was edited on 6/5/14 at 8:34 am
Posted on 6/5/14 at 8:33 am to boosiebadazz
quote:
Sterling could have gotten $2 billion if he voluntarily put it up for sale.
Highly doubtful if the market would have valued the Clippers at 2 billion or even at half that figure.
Posted on 6/5/14 at 8:36 am to boosiebadazz
quote:
We know what the profit/loss statement looks like. No one is debating that.
nopussy, no one cares that some idiotic liberal called them a name.
Sterling is a businessman, and he just pulled off an astounding business coup.
Sold a business for 3.5 times it actual value, and did it TAX FREE.
You'll never pull off anything that slick from your Mom's basement.
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