Donald Sterling Racism Controversy - page 5.

bryant.coleman

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Quote from: beetcoin on May 03, 2014, 11:45:04 PM

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. Grin

TrailingComet

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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

beetcoin

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Quote from: Bit_Happy on May 03, 2014, 11:43:58 PM

Quote from: beetcoin on May 03, 2014, 10:29:58 PM

Quote from: bryant.coleman on May 03, 2014, 10:29:17 PM

Quote from: beetcoin on May 03, 2014, 10:26:57 PM

yeah, it was a bit harsh in my opinion. if he does sell, he will probably get lowballed.. not to mention capital gains taxes. he bought the clippers for 11.5 million and now it's worth at least 600 million.

Since it is a forced sale (auction-type), I don't think that he will get more than $300-400 million for it. So a net loss of $200-300 million. No one will be happy with that sort of loss.

disagree. there are many, many suitors and they would still have to compete amongst themselves. despite him being forced to sell, the demand for nba franchises is pretty high.

The price could go close to a Billion USD, since the team is in LA and winning now.
Even the crappy Mil Bucks sold for over $500 Million.

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.

Bit_Happy

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A Great Time to Start Something!

Quote from: beetcoin on May 03, 2014, 10:29:58 PM

Quote from: bryant.coleman on May 03, 2014, 10:29:17 PM

Quote from: beetcoin on May 03, 2014, 10:26:57 PM

yeah, it was a bit harsh in my opinion. if he does sell, he will probably get lowballed.. not to mention capital gains taxes. he bought the clippers for 11.5 million and now it's worth at least 600 million.

Since it is a forced sale (auction-type), I don't think that he will get more than $300-400 million for it. So a net loss of $200-300 million. No one will be happy with that sort of loss.

disagree. there are many, many suitors and they would still have to compete amongst themselves. despite him being forced to sell, the demand for nba franchises is pretty high.

The price could go close to a Billion USD, since the team is in LA and winning now.
Even the crappy Mil Bucks sold for over $500 Million.

beetcoin

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Quote from: bryant.coleman on May 03, 2014, 11:37:22 PM

Quote from: beetcoin on May 03, 2014, 10:29:58 PM

disagree. there are many, many suitors and they would still have to compete amongst themselves. despite him being forced to sell, the demand for nba franchises is pretty high.

I have some doubts about this? Does Donald Sterling own 100% of the Clippers? Also, how much (percentage) of Capital gains tax he will have to pay, to the American tax authorities?

i read it would be a pretty heft tax. it says if he sold for 700 million, he'd have to pay 233ish million.

bryant.coleman

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Quote from: beetcoin on May 03, 2014, 10:29:58 PM

disagree. there are many, many suitors and they would still have to compete amongst themselves. despite him being forced to sell, the demand for nba franchises is pretty high.

I have some doubts about this? Does Donald Sterling own 100% of the Clippers? Also, how much (percentage) of Capital gains tax he will have to pay, to the American tax authorities?

beetcoin

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Quote from: bryant.coleman on May 03, 2014, 10:29:17 PM

Quote from: beetcoin on May 03, 2014, 10:26:57 PM

yeah, it was a bit harsh in my opinion. if he does sell, he will probably get lowballed.. not to mention capital gains taxes. he bought the clippers for 11.5 million and now it's worth at least 600 million.

Since it is a forced sale (auction-type), I don't think that he will get more than $300-400 million for it. So a net loss of $200-300 million. No one will be happy with that sort of loss.

disagree. there are many, many suitors and they would still have to compete amongst themselves. despite him being forced to sell, the demand for nba franchises is pretty high.

bryant.coleman

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Quote from: beetcoin on May 03, 2014, 10:26:57 PM

yeah, it was a bit harsh in my opinion. if he does sell, he will probably get lowballed.. not to mention capital gains taxes. he bought the clippers for 11.5 million and now it's worth at least 600 million.

Since it is a forced sale (auction-type), I don't think that he will get more than $300-400 million for it. So a net loss of $200-300 million. No one will be happy with that sort of loss.

beetcoin

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yeah, it was a bit harsh in my opinion. if he does sell, he will probably get lowballed.. not to mention capital gains taxes. he bought the clippers for 11.5 million and now it's worth at least 600 million.

bryant.coleman

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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.

beetcoin

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Quote from: hilariousandco on May 03, 2014, 05:05:40 PM

Quote from: beetcoin on May 03, 2014, 04:33:50 PM

Quote from: guybrushthreepwood on May 03, 2014, 04:28:23 PM

I'd never heard of the guy until all this racism controversy. I don't understand how he can hold such opinions. Isn't 99% of his team black or something? Glad he got the bans though.

he's 80. people that old were probably raised with racism everywhere. it's been ingrained in him; that part isn't interesting to me though. as i said, the skank who banked on exposing him had planned this, and then she went on public TV to whore herself out some more.. all while lying. it's cray. it kinda sucks that people who whore themselves out get rewarded for it, but whatever. i guess she's just a playa.

Funny thing with racists, it doesn't seem to bother them when a young attractive female takes an interest in them. If she is a player, then well done to her, she played him good and proper and exposed him for what he really is. And maybe he was raised in a time where racism was more prevalent, but you'd think he would've got over that over the years being in a business where the majority of athletes are black.

well that's the thing.. racism is so ingrained in people like him that he doesn't even know he's racist. i truly believe that he thinks he is not racist. either way, that girl is just a plain skank looking to get attention. you'd think these old rich white dudes would know better than to trust a skank who is 50 years younger than you. i guess that's what happens when a hot girl pays attention to you. he's one cheapass motherfucker, yet he shelled out at least $2-3 million just for the sex.

this is how cheap he is: he wouldn't pay for a coaching staff member for his cancer treatment. he fired a head coach with a contract and refused to pay him (but eventually did after some litigation). he's also a prick in that he didn't want black people living in his apartments.

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Quote from: beetcoin on May 03, 2014, 04:33:50 PM

Quote from: guybrushthreepwood on May 03, 2014, 04:28:23 PM

I'd never heard of the guy until all this racism controversy. I don't understand how he can hold such opinions. Isn't 99% of his team black or something? Glad he got the bans though.

he's 80. people that old were probably raised with racism everywhere. it's been ingrained in him; that part isn't interesting to me though. as i said, the skank who banked on exposing him had planned this, and then she went on public TV to whore herself out some more.. all while lying. it's cray. it kinda sucks that people who whore themselves out get rewarded for it, but whatever. i guess she's just a playa.

Funny thing with racists, it doesn't seem to bother them when a young attractive female takes an interest in them. If she is a player, then well done to her, she played him good and proper and exposed him for what he really is. And maybe he was raised in a time where racism was more prevalent, but you'd think he would've got over that over the years being in a business where the majority of athletes are black.

beetcoin

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Quote from: guybrushthreepwood on May 03, 2014, 04:28:23 PM

I'd never heard of the guy until all this racism controversy. I don't understand how he can hold such opinions. Isn't 99% of his team black or something? Glad he got the bans though.

he's 80. people that old were probably raised with racism everywhere. it's been ingrained in him; that part isn't interesting to me though. as i said, the skank who banked on exposing him had planned this, and then she went on public TV to whore herself out some more.. all while lying. it's cray. it kinda sucks that people who whore themselves out get rewarded for it, but whatever. i guess she's just a playa.

guybrushthreepwood

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I'd never heard of the guy until all this racism controversy. I don't understand how he can hold such opinions. Isn't 99% of his team black or something? Glad he got the bans though.

beetcoin

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Quote from: hilariousandco on May 03, 2014, 04:11:01 PM

Why are you focussing on the girl involved? I'm sure she cares just as much about civil rights as she does about publicising herself, but the main issue here is the abhorrent and moronic shit Sterling was spouting off.

i find the politics behind it more interesting. it's already a bygone conclusion that sterling is a racist asshole.

hilariousandco

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Why are you focussing on the girl involved? I'm sure she cares just as much about civil rights as she does about publicising herself, but the main issue here is the abhorrent and moronic shit Sterling was spouting off.

pedrog

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Who cares?

beetcoin

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so here's the interview with his mistress.. she is such a liar. http://abcnews.go.com/2020/video/donald-sterlings-confidante-vstiviano-speaks-23574692?tab=9482931§ion=4765066

yeah, she's been showered with money by a cheap old man, because he has a "father daughter relationship." in the tape, she calls him "honey" or "baby" .. that's not how a daughter speaks to her father.

this leads me to ask the question: is she intentionally acting this dumb so more people can speak about her? and if that is the case, then people like me just look dumb Cheesy

Topic: Donald Sterling Racism Controversy - page 5. (Read 3605 times)