from Feb to may he made 2 billy on stocks
exactly. he makes money elsewhere.
from Feb to may he made 2 billy on stocks
What most of yall have missed in this sale is that Ballmer agreed to let Sterling's wife still work with the team in some capacity..
It's a bit more like this..
A With the sale - the tree gets cut down to a stump
B With the hearing - the tree gets excavated and roots dug up
Paying an extra Billion plus is not like paying another half a million for a house or another 10 million for a building. Overpaying is acceptable by rich folks up to a point.
Sterling wanted a certain amount of money to be quiet and he was concerned about capital gains tax. The extra money is hush money.
1. Long term lease with Staples.
2. City is really buying into the team after this major upheaval.
3. It's L.A.
4. He doesn't even work in Seattle anymore.
5. It's L.A.
6. Do you remember his tenure at Microsoft? They are trying to right the ship and catch up with all the internet & phone operators.
When exactly is he making that move? What year?
This is what I said yesterday.
I feel like we've been had.
You think Silver or any of those owners - JORDAN INCLUDED - care about what dude said?
Hell no they didn't.
We get the moral victory AGAIN, and the CAC walks away with the money.![]()
What were your expectations for how this was going to go down?
This is what I said yesterday.
I feel like we've been had.
You think Silver or any of those owners - JORDAN INCLUDED - care about what dude said?
Hell no they didn't.
We get the moral victory AGAIN, and the CAC walks away with the money.![]()
Leases get broken all the time
That's great
So?
He lives there though and tried to buy the kings and said he would personally put up the money for an arena
So?
Yeah. What does that have to do with him possibly wanting to move the team to Seattle.
I'm not guessing about when? I'm speculating that he's thinking about it. It won't be the first time an owner pronounced one thing and did another (like with Seattle moving to Oklahoma city).
exactly. he makes money elsewhere.
This is what I expected...
...hindsight just makes me feel differently about it.
What were your expectations for how this was going to go down?
did sterling personally tell you this?
Please post supporting evidence.
The NBA has been very clear that all the Sterlings are out.
This is what I expected...
...hindsight just makes me feel differently about it.
Same here. In the end, nothing really changed. Would you be absolutely shocked if Ballmer has said similar shit behind closed doors?
and with the prices going so high now, pretty much black investors are going to be priced out of the market (not that it wasn't already difficult)
It's called common sense. Aside from your vast experience with the spending habits of the ULTRA wealthy this does not pass the scientific smell test. Oprah expressed interest, as well as other minority groups. This is waaaaay to clean and easy... and for an entire 1.2 billion more than the value.
But of course you could be right... makes perfect sense.
Apartment leases maybe, stadium leases not nearly as often. Pretty rarely actually. This one runs through 2024.
While the Kings deal was quite recent, he's not as tied to Seattle as he was then. He's not the CEO he's out of the mix. He can kick back with an L.A. team not not look back.
The NBA essentially gave up that effort by cancelling the June 3 meeting to vote the Sterlings out..
Under the agreement signed Thursday, Ballmer will own 100 percent of the team. Shelly Sterling requested as part of the sale that she continue to have an association with the team, and Ballmer was able to satisfy those terms, sources said.
http://espn.go.com/los-angeles/nba/...ts-winning-bid-buy-clippers-according-sources
Though according to the deal’s terms Ballmer will own 100 percent of the team, Shelly Sterling may continue to be involved under conditions worked out privately with Ballmer, the individual said.
http://www.bostonglobe.com/sports/2...or-clippers/sV4P1TRZDiiAnhHJmqsF5M/story.html
Yeah. I read up on the extension after you mentioned it.
I'm not saying it's likely to happen. I'm just talking about it being a possibility, however how remote.
Stadium leases are broken. The real issue is the massive relocation fee that most owners just won't want to pay. I'm not sure what kind of lease Sterling signed and how that grandfathers over to the new owner.
OK.
All I was expecting was that one billionaire owner was going to be replaced by another. I didn't attach much more meaning to the outcome than that.
The process on the other hand was what was important to me. A billionaire got caught talking way out of pocket about Black people. He got checked on it swiftly. That needs to continue to happen. In this case the fool wound up still cashing out lovely but that won't always be the case.
Yea, he got check alright. A check for 2 billion. Peep the numbers and tell me if this shit is way out of pocket as well:
![]()
Yea, he got check alright. A check for 2 billion. Peep the numbers and tell me if this shit is way out of pocket as well:
![]()
Has to be.......in the last 4 years 5 teams have been sold and none were sold for even close to that much. If Steve Balmer wanted to be part of the NBA that bad he could have bid 800 mill on the bucks and won.
that's not common sense at all. Common sense will tell you that Sterling does not care about money at this point in life because a) he said so b) he still wants to keep the team. He doesn't give a fuck about hush money![]()
Conspiracy?
How about Sterling just put his foot in his mouth at the wrong time and the League was all too happy to finally have an excuse to get rid of him?
you could be right but sterling has done worse shit in the past and the nba didnt give one fuck
it just seems weird how everything is unfolding
and usually when that happens, its some bullshit going on
Yea, he got check alright. A check for 2 billion. Peep the numbers and tell me if this shit is way out of pocket as well:
![]()
So in your scenario Ballmer owns the team outright and Shelly gets to come to the locker room once a month to sniff old jockstraps?
She's out but she's got a key to the landryroom.
Big deal.
But who the fuck wants to buy that shit? It's location. LA, NY, Houston, Chicago and other destinations make the deal happen. If this was the Grizzles, Ballmer is not buying that shit.
Look this may be reaching but what precludes Ballmer from giving her or the son-in-law a position of power in the Clippers organization?
But they were saying how bad he just wants to own a team, he could brought Milwaukee if he was desperate .....he could have brought the pistons if he was desperate
But they were saying how bad he just wants to own a team, he could brought Milwaukee if he was desperate .....he could have brought the pistons if he was desperate
The owner of the Bucks wouldn't speak with anyone he thought wouldn't keep the team in that city. Maybe the Pistons owner was still pissed about Vista and hung up on him every time he called? Under normal circumstances, owners pick who they want it isn't always just the highest bid.
He offered 650 million for the bucks. They sold for 550.