bryant.coleman
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May 04, 2014, 06:52:17 AM |
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This is interesting: Before the Milwaukee Bucks were sold for $550 million last month, Forbes valued the franchise at $405 million. The magazine values the Clippers at $575 million—and the team will almost certainly sell for closer to $1 billion.
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hilariousandco
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May 04, 2014, 07:18:07 AM |
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I still believe that the NBA response was out of proportion. Donald Sterling is forced to sell his NBA team, which will cause hundreds of millions of USD in loses to him. A lot of bad blood will prevail.
He shouldn't be allowed to profit from it anymore. What would've been a better alternative solution? The recording of prvt conversations is highly questionable Having said that, if the NBA statutes allow them to force Sterling to sell out, that's worth doing Sterling's an embarrassment
What he said was highly questionable. Don't say stuff you don't want others to hear, especially a person in his position. I'm sure this isn't the first time he's said stuff like this. Maybe you might think recording people is questionable but I don't think so if they're doing wrong.
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bryant.coleman
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May 04, 2014, 07:48:42 AM |
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He shouldn't be allowed to profit from it anymore. What would've been a better alternative solution? Well. There is a better solution. Remove his ownership, and give it to any of his children. Donald Sterling is already 80 years old, and he is not capable of looking after an NBA team. He has three children. Give the ownership to any one of them.
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hilariousandco
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May 04, 2014, 08:07:47 AM |
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He shouldn't be allowed to profit from it anymore. What would've been a better alternative solution? Well. There is a better solution. Remove his ownership, and give it to any of his children. Donald Sterling is already 80 years old, and he is not capable of looking after an NBA team. He has three children. Give the ownership to any one of them. If that happened the money is still going to go back to him. People often sign over businesses to children or family members to avoid getting them seized or whatnot. He's still getting the money from the sale anyway. I'm sure the NBA might have a legal battle on their hands too. What exactly makes them the 'law' on this? Can he not challenge it?
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bryant.coleman
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May 04, 2014, 08:25:56 AM |
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If that happened the money is still going to go back to him. People often sign over businesses to children or family members to avoid getting them seized or whatnot. He's still getting the money from the sale anyway. I'm sure the NBA might have a legal battle on their hands too. What exactly makes them the 'law' on this? Can he not challenge it?
I heard that he is not in good terms with his two-surviving children (Chris Sterling, and Joanna Sterling. His other son Scott Sterling died last year). So anyway... he will not agree to that proposal also.
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beetcoin (OP)
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May 04, 2014, 07:08:26 PM |
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He shouldn't be allowed to profit from it anymore. What would've been a better alternative solution? Well. There is a better solution. Remove his ownership, and give it to any of his children. Donald Sterling is already 80 years old, and he is not capable of looking after an NBA team. He has three children. Give the ownership to any one of them. i'm not an expert in law, but if he just "gave" that money to his kids, it would probably get taxed. so if the NBA forced him to "gift" his kids the franchise, it would still cost him millions. http://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/
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Bit_Happy
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May 04, 2014, 07:19:27 PM |
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yeah, and since he bought it for pennies on the dollar, he could stand to lose 200-300 mllion from that alone. i think the NBA shouldn't have the autonomy to force a sale.
the news is also out that he is currently battling cancer, so the guy might die before the litigation is over.
Litigation will be of no use to Donald Sterling. NBA acted according to their rules and Sterling has no argument here. Too bad.... he may get some $400-500 million after the taxes, which is not too bad IMO. lol... one leaked phone call and a loss of $233 million. Be careful billionaires. you do know that the nba's rules can be contested right? especially if they are misusing their powers. sterling is going to at the very least drag this one out. i wonder what's going to happen if he ends up dying and his heirs receive the franchise.. would the league try to force his kids out? because that wouldn't be fair. The NBA already said they do not want his family to own the team. I think the owners will vote soon (on the forced sale), but I forget the date.
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beetcoin (OP)
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May 04, 2014, 07:21:18 PM |
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yeah, and since he bought it for pennies on the dollar, he could stand to lose 200-300 mllion from that alone. i think the NBA shouldn't have the autonomy to force a sale.
the news is also out that he is currently battling cancer, so the guy might die before the litigation is over.
Litigation will be of no use to Donald Sterling. NBA acted according to their rules and Sterling has no argument here. Too bad.... he may get some $400-500 million after the taxes, which is not too bad IMO. lol... one leaked phone call and a loss of $233 million. Be careful billionaires. you do know that the nba's rules can be contested right? especially if they are misusing their powers. sterling is going to at the very least drag this one out. i wonder what's going to happen if he ends up dying and his heirs receive the franchise.. would the league try to force his kids out? because that wouldn't be fair. The NBA already said they do not want his family to own the team. I think the owners will vote soon (on the forced sale), but I forget the date. i think it's already unanimous that they are going to force him out. but the commisioner has already stated that he expects stern to take this to court; he's already told stern that the NBA is willing to fight the fight.
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bryant.coleman
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May 05, 2014, 02:38:20 AM |
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Donald Sterling’s “slippery slope”: The limits of our new anti-racist consensushttp://www.salon.com/2014/05/03/donald_sterlings_slippery_slope_the_limits_of_our_new_anti_racist_consensusThe first sign of a crack in America’s temporary anti-racist popular front came early and was courtesy of Dallas Mavericks owner Mark Cuban. In the midst of the first wave of widespread anti-Sterling sentiment, before NBA commissioner Adam Silver had slapped the longtime Clippers owner and wealthy slumlord with a lifetime ban, a $2.5 million fine and a warning that his days as a member of the NBA’s ownership fraternity were numbered, Cuban was already following what’s since become an increasingly familiar script. He made sure to let everyone know that he didn’t think Sterling’s comments were anything other than “abhorrent,” but also cautioned against actually doing anything about them, saying that punishing Sterling for being an unreconstructed bigot would place the league on a “very, very slippery slope.”
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Bit_Happy
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May 05, 2014, 02:44:32 AM |
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Donald Sterling’s “slippery slope”: The limits of our new anti-racist consensushttp://www.salon.com/2014/05/03/donald_sterlings_slippery_slope_the_limits_of_our_new_anti_racist_consensusThe first sign of a crack in America’s temporary anti-racist popular front came early and was courtesy of Dallas Mavericks owner Mark Cuban. In the midst of the first wave of widespread anti-Sterling sentiment, before NBA commissioner Adam Silver had slapped the longtime Clippers owner and wealthy slumlord with a lifetime ban, a $2.5 million fine and a warning that his days as a member of the NBA’s ownership fraternity were numbered, Cuban was already following what’s since become an increasingly familiar script. He made sure to let everyone know that he didn’t think Sterling’s comments were anything other than “abhorrent,” but also cautioned against actually doing anything about them, saying that punishing Sterling for being an unreconstructed bigot would place the league on a “very, very slippery slope.” Good point about a “very, very slippery slope.” Next up is trying to 'purge' people who are on the "wrong side" of the marriage issue. (Like the Firefox/Mozilla executive) How about we remove the Gov't from marriage?
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Lethn
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May 05, 2014, 03:08:00 AM Last edit: May 05, 2014, 03:37:25 AM by Lethn |
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To be honest, I couldn't care much about what happens to somebody like him as long as it's non-violent, but this kind of thing just reminds me of the 'anti-fascist' movement protesting against the BNP here in the UK, in the end, they're using the exact same tactics they complain about. For those outside the U.S what happened to us awhile ago a bunch of protesters who were either calling themselves or being called 'anti-fascists' ( You'll notice I'm using sarcastic finger quotes here each time I write this ) were protesting against what are esentially neo-nazi's in the UK who were doing their own marches. They started going around breaking barricades and picking fights with people the exact same way the evil fascists did just because they were so far up their own assholes they thought they were justified in smashing shit up because of what other people had done.
So yeah, go ahead and boycott the asshole and make his live a misery, but the second people start making threats and start breaking stuff that's when the warning signals should get sent off and you should get out. You guys remember the Tottenham riots that happened in London recently as well? That originally started off as a peaceful protests but in the end a bunch of chavs decided "Hurr lets go break and steal shit" don't get suckered into these kind of petty fights started by hypocritical scumbags, they're just looking for somebody to pin things on later when it all calms down.
I realise this may not make much sense to the situation now, but you'll know what I'm talking about later on when people are looking to start riots over this sort of thing, yes, they're racist pricks, but don't take to the street with the morons who are just looking for a fight.
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beetcoin (OP)
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May 05, 2014, 05:13:05 AM |
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Donald Sterling’s “slippery slope”: The limits of our new anti-racist consensushttp://www.salon.com/2014/05/03/donald_sterlings_slippery_slope_the_limits_of_our_new_anti_racist_consensusThe first sign of a crack in America’s temporary anti-racist popular front came early and was courtesy of Dallas Mavericks owner Mark Cuban. In the midst of the first wave of widespread anti-Sterling sentiment, before NBA commissioner Adam Silver had slapped the longtime Clippers owner and wealthy slumlord with a lifetime ban, a $2.5 million fine and a warning that his days as a member of the NBA’s ownership fraternity were numbered, Cuban was already following what’s since become an increasingly familiar script. He made sure to let everyone know that he didn’t think Sterling’s comments were anything other than “abhorrent,” but also cautioned against actually doing anything about them, saying that punishing Sterling for being an unreconstructed bigot would place the league on a “very, very slippery slope.” i like mark cuban and tend to agree with him. he's a racist asshole, but it's a slippery slope when the NBA gets too much power.
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bryant.coleman
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May 05, 2014, 05:15:13 AM |
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i like mark cuban and tend to agree with him. he's a racist asshole, but it's a slippery slope when the NBA gets too much power.
I don't know much about Mark Cuban, except the fact that he owns the Dallas Mavericks. Why you are calling him a racist? Has he ever made similar remarks as Donald Sterling did?
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beetcoin (OP)
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May 05, 2014, 05:18:16 AM |
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i like mark cuban and tend to agree with him. he's a racist asshole, but it's a slippery slope when the NBA gets too much power.
I don't know much about Mark Cuban, except the fact that he owns the Dallas Mavericks. Why you are calling him a racist? Has he ever made similar remarks as Donald Sterling did? no, i mean i agree with mark cuban in saying that sterling was a racist. i wasn't clear with that. mark cuban is one of the billionaires who i don't think deserve to be on a shitlist; he does a lot of nice things for dallas mavericks fans and genuinely cares about the team winning. i think he probably cares about the team as much as he does making money off it. he's a shrewd, common sense guy.
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Bobsurplus
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May 05, 2014, 05:19:33 AM |
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i like mark cuban and tend to agree with him. he's a racist asshole, but it's a slippery slope when the NBA gets too much power.
I don't know much about Mark Cuban, except the fact that he owns the Dallas Mavericks. Why you are calling him a racist? Has he ever made similar remarks as Donald Sterling did? NO WAY!!! Mark Cuban is awesome.
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beetcoin (OP)
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May 05, 2014, 05:20:42 AM |
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i like mark cuban and tend to agree with him. he's a racist asshole, but it's a slippery slope when the NBA gets too much power.
I don't know much about Mark Cuban, except the fact that he owns the Dallas Mavericks. Why you are calling him a racist? Has he ever made similar remarks as Donald Sterling did? NO WAY!!! Mark Cuban is awesome. he is. and i think he's one of the best owners in the league. he's made some really good decisions, at least in my opinion, with the mavs franchises. decisions that most owners wouldn't have taken. instead of re-upping his 2011 championship team, he decided for a rebuild.. which was the right choice imo.
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Bobsurplus
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May 05, 2014, 05:27:51 AM |
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Donald Sterling sure is fucked, all around fucked. He's going to die now not as a legend but a rich racist loser. He was complaining about his little golddigger taking a picture with the legend Magic Johnson. I mean, he must really have some pent up aggression if he's going to flip out about a black guy with his chick when that black guy is one of the biggest names to ever play the sport he was involved on for most of his life! So sad, I hope the other owners vote him out and sell off his stake. It would be awesome if someone like like Dennis Rodman or Jay-Z bought his portion! For sure Dennis is broke and cant afford it but Jay can! And he's owned a small portion of a basketball team before. I wouldn't be surprised if hes been reaching out to pick up Donalds part. He's going on tour with Beyoncé this year, average ticket price?? $336!! He can afford it. Actually, I bet he's going to buy at least some of Donalds share. Anyone want to give me some odds?
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beetcoin (OP)
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May 05, 2014, 05:33:52 AM |
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Donald Sterling sure is fucked, all around fucked. He's going to die now not as a legend but a rich racist loser. He was complaining about his little golddigger taking a picture with the legend Magic Johnson. I mean, he must really have some pent up aggression if he's going to flip out about a black guy with his chick when that black guy is one of the biggest names to ever play the sport he was involved on for most of his life! So sad, I hope the other owners vote him out and sell off his stake. It would be awesome if someone like like Dennis Rodman or Jay-Z bought his portion! For sure Dennis is broke and cant afford it but Jay can! And he's owned a small portion of a basketball team before. I wouldn't be surprised if hes been reaching out to pick up Donalds part. He's going on tour with Beyoncé this year, average ticket price?? $336!! He can afford it. Actually, I bet he's going to buy at least some of Donalds share. Anyone want to give me some odds? i think it's either magic's group or oprah's. also, interestingly enough about stern.. he's also racist to whities. he didn't want to pay JJ reddick because "no white guy is worth that much money." he's a strange man who sees everything through the filter of race.
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Bobsurplus
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May 05, 2014, 05:55:34 AM |
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Donald Sterling sure is fucked, all around fucked. He's going to die now not as a legend but a rich racist loser. He was complaining about his little golddigger taking a picture with the legend Magic Johnson. I mean, he must really have some pent up aggression if he's going to flip out about a black guy with his chick when that black guy is one of the biggest names to ever play the sport he was involved on for most of his life! So sad, I hope the other owners vote him out and sell off his stake. It would be awesome if someone like like Dennis Rodman or Jay-Z bought his portion! For sure Dennis is broke and cant afford it but Jay can! And he's owned a small portion of a basketball team before. I wouldn't be surprised if hes been reaching out to pick up Donalds part. He's going on tour with Beyoncé this year, average ticket price?? $336!! He can afford it. Actually, I bet he's going to buy at least some of Donalds share. Anyone want to give me some odds? i think it's either magic's group or oprah's. also, interestingly enough about stern.. he's also racist to whities. he didn't want to pay JJ reddick because "no white guy is worth that much money." he's a strange man who sees everything through the filter of race. Apparently he's a SUPERBREAD of human. lol... But, Nah.. Magic cant take part in this, the comment spurred from pictures with him. I think professionally he'll stay away from this one. And Oprah?? She buys NBA teams?
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beetcoin (OP)
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May 05, 2014, 05:56:45 AM |
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Donald Sterling sure is fucked, all around fucked. He's going to die now not as a legend but a rich racist loser. He was complaining about his little golddigger taking a picture with the legend Magic Johnson. I mean, he must really have some pent up aggression if he's going to flip out about a black guy with his chick when that black guy is one of the biggest names to ever play the sport he was involved on for most of his life! So sad, I hope the other owners vote him out and sell off his stake. It would be awesome if someone like like Dennis Rodman or Jay-Z bought his portion! For sure Dennis is broke and cant afford it but Jay can! And he's owned a small portion of a basketball team before. I wouldn't be surprised if hes been reaching out to pick up Donalds part. He's going on tour with Beyoncé this year, average ticket price?? $336!! He can afford it. Actually, I bet he's going to buy at least some of Donalds share. Anyone want to give me some odds? i think it's either magic's group or oprah's. also, interestingly enough about stern.. he's also racist to whities. he didn't want to pay JJ reddick because "no white guy is worth that much money." he's a strange man who sees everything through the filter of race. Apparently he's a SUPERBREAD of human. lol... But, Nah.. Magic cant take part in this, the comment spurred from pictures with him. I think professionally he'll stay away from this one. And Oprah?? She buys NBA teams? magic has already stated that he is open to the idea of purchasing the clippers. and there are rumors that oprah will team up with larry elison (i think he's the guy who made his fortune from oracle) to buy the clippers.
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