Phaedrus wrote:Simmons reported that the owners have wanted to get rid of Sterling for years and years.
An 81 year old trial lawyer separated from his wife with a terminal illness and a net of $2b isn't going to go away easily if he doesn't want to go.
Former Microsoft chief executive Steve Ballmer has won a frenetic bidding war for ownership of the Los Angeles Clippers, with a $2-billion offer that would set a record price for an NBA team.
Ballmer bid higher than competitors that included Los Angeles-based investors Tony Ressler and Bruce Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers.
The Geffen group offered $1.6 billion and the Ressler-Karsh group $1.2 billion. People familiar with both those offers said they were rejected.
Ballmer and Clippers co-owner Shelly Sterling concluded a deal late Thursday afternoon. But Bobby Samini, an attorney for Donald Sterling, said as he left the team co-owner's home: "There's been no sale. There can be no sale without Donald's signature."
The sale price would be almost four times the previous NBA franchise high: the $550 million paid earlier this month for the Milwaukee Bucks. It is the second highest price ever paid for a sports team in North America. The Dodgers sold in 2012 for $2.1 billion.
Phaedrus wrote:Simmons reported that the owners have wanted to get rid of Sterling for years and years.
An 81 year old trial lawyer separated from his wife with a terminal illness and a net of $2b isn't going to go away easily if he doesn't want to go.
Former Microsoft chief executive Steve Ballmer has won a frenetic bidding war for ownership of the Los Angeles Clippers, with a $2-billion offer that would set a record price for an NBA team.
Ballmer bid higher than competitors that included Los Angeles-based investors Tony Ressler and Bruce Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers.
The Geffen group offered $1.6 billion and the Ressler-Karsh group $1.2 billion. People familiar with both those offers said they were rejected.
Ballmer and Clippers co-owner Shelly Sterling concluded a deal late Thursday afternoon. But Bobby Samini, an attorney for Donald Sterling, said as he left the team co-owner's home: "There's been no sale. There can be no sale without Donald's signature."
The sale price would be almost four times the previous NBA franchise high: the $550 million paid earlier this month for the Milwaukee Bucks. It is the second highest price ever paid for a sports team in North America. The Dodgers sold in 2012 for $2.1 billion.
He bought it for $12.5m in 1981. One hell of an ROI. I doubt he feels like the NBA taught him a lesson.
No Shit! My Lib Prof buddy is big on "outcomes" well if that's their metric, all their screaming, pointing of fingers and gnashing of teeth got an old racist near death's door another 2billion.
With that kind of money he can have a whole room of mixed chicks, who will gleefully let him piss all over them while screaming "FUCK ALL YOU NIGGERZ!" at the top of his lungs.
"God forbid we tell the savages to go fuck themselves." Batboy
His wife's attorney's must have thought that the bids would have dropped if they were forced to sell through arbitration. If he's in as bad of shape as some people report, I am surprised that she didn't try to hold off until he had died.
Also, is this worth seeing in IMAX or should I wait til it comes out on DVD?
