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re: Sterling agrees to a sell; Won't pursue lawsuit
Posted on 6/5/14 at 8:40 am to Jay Quest
Posted on 6/5/14 at 8:40 am to Jay Quest
quote:
Highly doubtful if the market would have valued the Clippers at 2 billion or even at half that figure.
Based on what?
Why did the fact that he was forced to sell drive up the price?
If he would have just come out and said "Hey, I want to sell the team. Get your bids in.", do you think there wouldn't have been multiple bids that came in?
I'd really just like to hear your explanation of why the forced nature of the sale drove the price to a level he wouldn't have gotten if it would have been a truly voluntary sale...
This post was edited on 6/5/14 at 8:41 am
1
Posted on 6/5/14 at 8:40 am to SavageOrangeJug
Valuable contribution to the discussion, Kenny
Appreciate you, brah
Appreciate you, brah
Posted on 6/5/14 at 8:43 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.
No it's not.
Posted on 6/5/14 at 8:44 am to boosiebadazz
quote:
Why did the fact that he was forced to sell drive up the price?
It didn't. The price Ballmer agreed to purchase the franchise for is artificial and is not market driven. This is a case of a billionaire wanting to settle the dust on this matter even if he pays three times the value of the franchise.
In other words, he made Sterling a deal he couldn't refuse.
quote:
If he would have just come out and said "Hey, I want to sell the team. Get your bids in.", do you think there wouldn't have been multiple bids that came in?
Yes, but none would have approached 2 billion
Posted on 6/5/14 at 8:48 am to Jay Quest
Baller has no incentive to "settle the dust on the matter". He wants to own a team. He had been trying to get a team to Seattle for awhile now. This opportunity arose and he jumped on it. Just as he would have if it was a truly voluntary sale.
The only non-pecuniary forces at play here are billionaires wanting to own a team as a status symbol. That exists whether it was a forced sale or a truly voluntary sale.
The only non-pecuniary forces at play here are billionaires wanting to own a team as a status symbol. That exists whether it was a forced sale or a truly voluntary sale.
Posted on 6/5/14 at 8:48 am to boosiebadazz
The savage is right. 6 months ago Donald Sterling was the billionaire owner of the LA Clippers. Now he is the billionaire most hated man in America.
By selling the team he goes from a billionaire to a billionaire. He has enough money to buy almost anything he wants (except a pro sports franchise) and can do pretty much anything he wants (except attend an NBA game.)
Clearly he's winning.
By selling the team he goes from a billionaire to a billionaire. He has enough money to buy almost anything he wants (except a pro sports franchise) and can do pretty much anything he wants (except attend an NBA game.)
Clearly he's winning.
Posted on 6/5/14 at 8:50 am to boosiebadazz
If someone puts 2billion in your hands you squeeze your hand and take it.
Whether you wanted to sell or not.
Whether you wanted to sell or not.
Posted on 6/5/14 at 8:51 am to SDVTiger
Then why wasn't the team on the market before the shite hit the fan?
Posted on 6/5/14 at 8:52 am to boosiebadazz
quote:
Just as he would have if it was a truly voluntary sale.
Well, if you believe Steve Ballmer would have paid more than three times the market value for any NBA franchise when he could have bided much lower then I don't know what to tell you.
Posted on 6/5/14 at 8:54 am to Jay Quest
The market value is what the market would pay!!
There were bids of 1.4B, 1.6B, and Ballmer's winning bid of 1.8B.
There were bids of 1.4B, 1.6B, and Ballmer's winning bid of 1.8B.
Posted on 6/5/14 at 8:57 am to Tactical1
quote:
Class act here.
Well that keeps Larry Johnson from being racist?
Posted on 6/5/14 at 8:58 am to boosiebadazz
If none of this Sterling crap had come to light, and if the Clippers were put on the market in due course this year, the price to purchase the franchise would likely not have reached one billion.
Any way you look at it the Sterling family wins big.
Posted on 6/5/14 at 9:02 am to Jay Quest
quote:
If none of this Sterling crap had come to light, and if the Clippers were put on the market in due course this year, the price to purchase the franchise would likely not have reached one billion.
A sports franchise in the city of Los Angeles?
Posted on 6/5/14 at 9:06 am to Tactical1
quote:No question its valuable. No question. But here's what's happening and causing the offers to escalate at a ridiculous rate. People want to be known as the individual who came in and took the franchise away from a racist. To a man like Ballmer, who has championed a plethora of liberal causes in the past, that is why this franchise is worth 2 billion dollars to him.
A sports franchise in the city of Los Angeles?
This post was edited on 6/5/14 at 9:07 am
Posted on 6/5/14 at 9:09 am to Jay Quest
quote:
No question its valuable. No question. But here's what's happening and causing the offers to escalate at a ridiculous rate. People want to be known as the individual who came in and took the franchise away from a racist. To a man like Ballmer, who has championed a plethora of liberal causes in the past, that is why this franchise is worth 2 billion dollars to him.
I don't know about all that, the Dodgers were not worth the 2 billion that was paid for them and there was no racist there to rescue the team from.
Posted on 6/5/14 at 9:09 am to Jay Quest
quote:
If none of this Sterling crap had come to light, and if the Clippers were put on the market in due course this year, the price to purchase the franchise would likely not have reached one billion.
I don't understand how you can say that, especially in light of this.
quote:
But here's what's happening and causing the offers to escalate at a ridiculous rate. People want to be known as the individual who came in and took the franchise away from a racist. To a man like Ballmer, who has championed a plethora of liberal causes in the past, that is why this franchise is worth 2 billion dollars to him.
Oh, now I can see why you completely ignore the pecuniary and market factors driving the price. You're looking at this through a political prism and ignoring anything that doesn't mesh with your narrative
This post was edited on 6/5/14 at 9:10 am
Posted on 6/5/14 at 9:09 am to boosiebadazz
Because he wouldn't have gotten 2bill
Why is that so hard for you to grasp
Why is that so hard for you to grasp
Posted on 6/5/14 at 9:10 am to SDVTiger
Why wouldn't he have gotten $2 billion?
Posted on 6/5/14 at 9:13 am to boosiebadazz
Why would he have gotten 2bill?
Posted on 6/5/14 at 9:17 am to SDVTiger
Because that has clearly been shown to be the market rate. One bid was 1.4B, one was 1.6B, and one was 1.8B.
Apparently Ballmer isn't the only one who thinks the team is valued in the 1.5B range...
Are you suggesting all three ownership groups that submitted bids all placed a ~400-500 million premium on to their bid just to be the group that "saved the team from a racist"?
Apparently Ballmer isn't the only one who thinks the team is valued in the 1.5B range...
Are you suggesting all three ownership groups that submitted bids all placed a ~400-500 million premium on to their bid just to be the group that "saved the team from a racist"?
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