Thread about racist NBA team owners

[Ben Kenobi]

You lack of basketball fandom and knowledge is really starting to show, Ben.

I thought the general consensus was that King James was all about King James first and foremost.

[pchang]

Sterling criticizes Magic for sleeping around while explaining his racists comments were taken out of context because he was trying to have sex with a woman who is not his wife and 40+ years younger than him.................

[Kidlicious]

How does someone like that get to be a billionaire?

[-Jrabbit]

Sterling criticizes Magic for sleeping around while explaining his racists comments were taken out of context because he was trying to have sex with a woman who is not his wife and 40+ years younger than him.................

Sterling's attack on Magic Johnson was, IMHO, an attempt to make sure that Magic does not end up owning the Clippers.

[Sava]

Good. Why replace a racist with a sexual deviant?

[rah]

Get ready for a court battle. This should get hilarious. What will the players threaten?

[-Jrabbit]

When you can sell a franchise with a book value of $700 million (actually, $575 MM just a year ago) for a cool $2 billion, the lawsuit can wait.

But with the rare occasion of an LA franchise open hitting the open market, there was no shortage of bidders. 5 groups reportedly submitted bids, and the winner is...

(CNN) -- Former Microsoft CEO Steve Ballmer has signed a binding agreement to buy the Los Angeles Clippers for $2 billion from the Sterling family trust, a source familiar with the situation told CNN on Thursday night.

Not bad resale value for a $12.5 million investment. The owners of every NBA franchise -- no, the owners of every major league sports franchise -- are rejoicing.

I still expect a lawsuit against the league. I mean, this is America.

Linkies:

http://www.cnn.com/2014/05/29/us/nba-clippers-sterling/

http://www.bloomberg.com/news/2014-05-29/clippers-sale-deserves-harvard-case-study-on-idiocy-profits.html

[pchang]

If I start uttering racist rants, will the rest of you force me to sell my most prize possession for $2 billion..............


PLEASE!

[Ben Kenobi]

Let me see if I got it straight.

They force a sale of a franchise worth 575 million a year ago. With the divorce settlement, that would mean a cool 290 million for racist meanie Sterling.

Now, he gets 2 billion dollars, and since it's a forced sale, gets it tax free. Sterling, even after the divorce settlement is 700 million to the good.

He's also 81 - so that means his heirs made close to 1.5 billion out of this deal, and a sweet deal all tax free...

And to cap the deal, it gets sold to Ballmer, yet another privileged white dude, shutting Magic out.

Sterling is a God.

[Uncle Sparky]

How does someone like that get to be a billionaire?

Capitalism.

[Sava]

OH MY GOD THIS IS SO UNFAIR

A MAN IS BIEING VIOLATED HIS FREE SPEECH

MONEY CANT B+UY FREDEOM

[rah]

All it will take is more TMZ releases on the other owners to get this charade shut down. I predict after the playoffs this will all blow over.

So ben, are you ready to admit you were wrong that this is going to blow over and Sterling will stay the owner of the team or are you going to say this quote meant something else and you're still right?

[Sava]

no because *insert strawman*

[-Jrabbit]

I want to know how the fact that it's a forced sale makes it tax free. Srsly.

[Sava]

It shouldn't be.

Professional sports teams should all be publicly owned and operated by the local municipalities (or else teams should be made to unassociate themselves with those entities). There's no compelling reason why the current system should be allowed to exist.

If someone has one, I'm welcome to listen.