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      04-29-2014, 02:30 PM   #111
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Sterling is banned for life, fined $2.5M and Silver will urge the NBA owners and Board Of Governor's to force Sterling to sell the team.

Justice served.

http://www.latimes.com/sports/sports...#axzz30IjFk8xB
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      04-29-2014, 02:42 PM   #112
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Originally Posted by FwdFtl View Post
Sterling is banned for life, fined $2.5M and Silver will urge the NBA owners and Board Of Governor's to force Sterling to sell the team.

Justice served.

http://www.latimes.com/sports/sports...#axzz30IjFk8xB
Beat me to it! Well done by the new NBA commissioner!
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      04-29-2014, 02:44 PM   #113
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Beat me to it! Well done by the new NBA commissioner!
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      04-29-2014, 02:49 PM   #114
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C'mon Magic Johnson! Bring showtime back to LA!
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      04-29-2014, 02:53 PM   #115
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C'mon Magic Johnson! Bring showtime back to LA!
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      04-29-2014, 02:55 PM   #116
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They are looking to force him to realize a $562,500,000 gain on his investment. That outta teach him...
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      04-29-2014, 02:55 PM   #117
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+1
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      04-29-2014, 02:57 PM   #118
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Originally Posted by FwdFtl View Post
+1
+2 Silver made his bones today for sure.

Question for the lawyers out there, can't Sterling sue his mistress for damages now on top of the litigation already in place? Negative impact on his life due to an illegal act on her part? Not that she's got enough $ to make it worthwhile just curious.
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      04-29-2014, 02:57 PM   #119
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Came in here because I heard some jabroni was making racist remarks against NBA players.....
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      04-29-2014, 02:57 PM   #120
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Quote:
Originally Posted by MiddleAgedAl View Post
As more and more of this ugly situation becomes public, one really odd thing that stands out to me is the fact that the NAACP has now decided to not give him a SECOND award.

It's clearly no secret that this guy has been this way for a very long time, and not only did he get a first award from them, but up until last weekend, he was due to receive a second one. WTF? Am I missing something here? The media seems to be giving this a pass....

If I was a person who counted on the advocacy of the NAACP to uphold my rights, I'd be very concerned to say the least.
To be clear, it was the LA chapter. Groups (any group) with hundreds of "locations" will have some that are well run and some that are not. This is not a good look for the LA chapter, and if I was on the national board I'd be coming down on them to give their rationale as to why they gave him awards (besides the obvious one of money). My guess is that this terrible man has probably given huge amounts of money (for tax purposes) to charities that do good. It often times helps cleanse the soul of ugly rich people when they use their money to help "the peasants".

On another note, I came to this thread bracing myself for all kinds of ugliness. I was relieved to see the opposite.
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      04-29-2014, 02:57 PM   #121
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Originally Posted by KingOfJericho View Post
They are looking to force him to realize a $562,500,000 gain on his investment. That outta teach him...
That may be one way to see it.

BUT... To these "rich & powerful" old fogies, the ridicule of being kicked the fuk OUT of ownership will sting his ego for life! Believe that!


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      04-29-2014, 03:01 PM   #122
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Quote:
Originally Posted by Billup View Post
Came in here because I heard some jabroni was making racist remarks against NBA players.....
Billup, you're very lucky you don't own an NBA team. You'd be infamous by now.
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      04-29-2014, 03:15 PM   #123
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I'm not going to say names, but somebody in here is not too happy with the verdict.

Hint: I'm happy with the verdict.
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      04-29-2014, 03:36 PM   #124
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Quote:
Originally Posted by KingOfJericho View Post
They are looking to force him to realize a $562,500,000 gain on his investment. That outta teach him...
At least I am sure he will pay 30-40% of that in taxes as well.

Isn't that how it works?
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      04-29-2014, 03:51 PM   #125
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Smile

Quote:
Originally Posted by KingOfJericho View Post
They are looking to force him to realize a $562,500,000 gain on his investment. That outta teach him...
It's a fire sale. I'd imagine he'll only make $400,000,000 or so.

Quote:
Originally Posted by BEM-S4 View Post
Question for the lawyers out there, can't Sterling sue his mistress for damages now on top of the litigation already in place? Negative impact on his life due to an illegal act on her part? Not that she's got enough $ to make it worthwhile just curious.
Not a lawyer, but... He'd have to prove she leaked the tape. What could he get?

If I were him, I'd sell the team, slink off into the sunset, and enjoy my life as a wretched, oppressed, billionaire. With wife, girlfriends on the side, etc. etc. Not prolong this incident.

Quote:
Originally Posted by MiddleAgedAl View Post
one really odd thing that stands out to me is the fact that the NAACP has now decided to not give him a SECOND award.

It's clearly no secret that this guy has been this way for a very long time

Am I missing something here? The media seems to be giving this a pass...
Everyone's been giving Sterling a pass for some time. The list is quite long. News flash. Rich guys get away with a lot of seriously bad behavior, while receiving various awards, having people tell them how wonderful they are, etc. It's called enabling, and it's one reason why they think they're fine fellows, and that their success is entirely due to their own wonderfulness. And that anyone who isn't successful is unworthy of any respect.
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      04-29-2014, 03:56 PM   #126
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Not a lawyer, but... He'd have to prove she leaked the tape. What could he get?

If I were him, I'd sell the team, slink off into the sunset, and enjoy my life as a wretched, oppressed, billionaire. With wife, girlfriends on the side, etc. etc. Not prolong this incident.
Oh I didn't say he should sue, would sue, etc. I was just curious as to the legal remedies that's all. He could, I guess, go after TMZ who has much deeper pockets than the mistress since they originally published the illegally obtained information. Agree that his best move is take the money and step out of the public eye quietly.
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      04-29-2014, 04:06 PM   #127
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It's a fire sale. I'd imagine he'll only make $400,000,000 or so.
This is also the best the team has done in quite some time so that may actually bolster the value of the team. That was a Forbes figure so who the hell knows. The value of anything is determined by the maximum amount a party is willing to pay for it so the free market will ultimately determine the value.

Quote:
Originally Posted by 128Convertibleguy View Post
Everyone's been giving Sterling a pass for some time. The list is quite long. News flash. Rich guys get away with a lot of seriously bad behavior, while receiving various awards, having people tell them how wonderful they are, etc. It's called enabling, and it's one reason why they think they're fine fellows, and that their success is entirely due to their own wonderfulness. And that anyone who isn't successful is unworthy of any respect.
It's kind of like a wealthy family making a massive donation to Yale so their C- child can attend. He's made hundreds of black people very wealthy and donated to the NAACP to help the community but all of that means nothing now that he was recorded *saying* horrible things in his kitchen to his girlfriend. People always say that actions speak louder than words but I think that is now completely outdated and this is a perfect example of it.
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      04-29-2014, 04:15 PM   #128
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The team is not worth what it would be under his ownership, it's a valuable but currently distressed asset. If he remained in place the team value would be depressed for sure, no sponsors public boycott etc. But a buyer is not going to face any of that, if they spin it properly from a PR angle they could even benefit. It's just like buying any other company that is underperforming, it's worth a lot more to the buyer than the seller.
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      04-29-2014, 04:19 PM   #129
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Some pictures from the Mayor's address about the Sterling situation. They even got Kareem out today.





Checkout Kareem, and KJ!
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      04-29-2014, 04:54 PM   #130
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Seems a tad excessive for a private conversation.

Im sure lots of people here have said things in private that would get there fired from their jobs if it came to light.
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      04-29-2014, 05:39 PM   #131
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I bet he sells his ownership to his wife and still "runs" the team. But his wife is pretty wacky. Sunday, "I am not a racist" Next day, she calls her husband's words "poisoned." Next day, they have dinner at Fleming's and she said her husband is not a racist. Must run in the family.

And I think there is enough to get a jury to side with Sterling on the illegal recordings. Ain't no billionaire going to touch her and she'll be broke working at McDonalds. She'll be lucky if she can supersize her meal and rock her G-Shock. And funniest thing she said that she didn't have sex with Sterling. Yeah he just gave her a house, Ferrari, Bentley, jewelry etc. just because.
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      04-29-2014, 06:52 PM   #132
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Quote:
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Beat me to it! Well done by the new NBA commissioner!
Hey TX, how about LJ's racist talk about an all black league? Commish is on a role and should ban him for life too!
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