Balmer to buy clippers for 2 billion
Comments
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Rink?
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The seattle clippers?
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I'm sure I'll get smashed for this, but just bear with the thought for a second:
If I recall correctly, won't Ballmer have to put a down payment on this team while it's held up in legal hell for the foreseeable future?
Further, I'm fairly certain that the estranged wife of Sterling doesn't have the capability to enter into a legally binding agreement to sell the team on her own - a least without that being subject to a future lawsuit as well from her husband.
Her husband has also said that he has offers for the club in excess of $2.5B. And, if that is the case, would go even further to help out the potential lawsuit against the Ballmer purchase.
The NBA is going to be in a legal mess over this for a number of reasons. First, just getting Sterling out of the league and be forced to sell is going to be a pain. Add to that then the fact that given the Sterling's own internal issues, you're going to have another set of legal hurdles. Ballmer is going to be sitting there on the outside waiting for this mess to pass. And, if there is another buyer sitting with Donald Sterling in excess of the $2.0B that Ballmer is rumored to be offering, hard to not see the courts sitting there and saying that that's the offer that must be taken.
At that point, I'd expect Ballmer to enter into a lawsuit against Sterling and the NBA. And I'd also have to think that the NBA has been working with the estranged wife of Sterling to get this transaction done ASAP and to get Steve Ballmer at the forefront of it given that they want to get him in the league.
Ballmer's end game interest is getting a team. Is it possible that the backend play of this is that he either gets the the Clippers or he's able to enter into a lawsuit where his price for settling the lawsuit is the granting of an expansion franchise to him and Seattle?
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Won't flag but will just say this:Tequilla said:I'm sure I'll get smashed for this, but just bear with the thought for a second:
If I recall correctly, won't Ballmer have to put a down payment on this team while it's held up in legal hell for the foreseeable future?
Further, I'm fairly certain that the estranged wife of Sterling doesn't have the capability to enter into a legally binding agreement to sell the team on her own - a least without that being subject to a future lawsuit as well from her husband.
Her husband has also said that he has offers for the club in excess of $2.5B. And, if that is the case, would go even further to help out the potential lawsuit against the Ballmer purchase.
The NBA is going to be in a legal mess over this for a number of reasons. First, just getting Sterling out of the league and be forced to sell is going to be a pain. Add to that then the fact that given the Sterling's own internal issues, you're going to have another set of legal hurdles. Ballmer is going to be sitting there on the outside waiting for this mess to pass. And, if there is another buyer sitting with Donald Sterling in excess of the $2.0B that Ballmer is rumored to be offering, hard to not see the courts sitting there and saying that that's the offer that must be taken.
At that point, I'd expect Ballmer to enter into a lawsuit against Sterling and the NBA. And I'd also have to think that the NBA has been working with the estranged wife of Sterling to get this transaction done ASAP and to get Steve Ballmer at the forefront of it given that they want to get him in the league.
Ballmer's end game interest is getting a team. Is it possible that the backend play of this is that he either gets the the Clippers or he's able to enter into a lawsuit where his price for settling the lawsuit is the granting of an expansion franchise to him and Seattle?
No. -
If Ballmer gets the Clippers, any dream of a Sonics return is dead. My sources told me that.
#Ihavenosources -
Bleenor saw the Sterling implosion coming and knew that Ballmer would be the one to buy the Clippers years ago.
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People need to just shut the fuck up about a team coming to Seattle. It's not happening anytime soon. The best chance for it to happen already came and went.
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Flagged, fuck no, and disagree.Tequilla said:I'm sure I'll get smashed for this, but just bear with the thought for a second:
If I recall correctly, won't Ballmer have to put a down payment on this team while it's held up in legal hell for the foreseeable future?
Further, I'm fairly certain that the estranged wife of Sterling doesn't have the capability to enter into a legally binding agreement to sell the team on her own - a least without that being subject to a future lawsuit as well from her husband.
Her husband has also said that he has offers for the club in excess of $2.5B. And, if that is the case, would go even further to help out the potential lawsuit against the Ballmer purchase.
The NBA is going to be in a legal mess over this for a number of reasons. First, just getting Sterling out of the league and be forced to sell is going to be a pain. Add to that then the fact that given the Sterling's own internal issues, you're going to have another set of legal hurdles. Ballmer is going to be sitting there on the outside waiting for this mess to pass. And, if there is another buyer sitting with Donald Sterling in excess of the $2.0B that Ballmer is rumored to be offering, hard to not see the courts sitting there and saying that that's the offer that must be taken.
At that point, I'd expect Ballmer to enter into a lawsuit against Sterling and the NBA. And I'd also have to think that the NBA has been working with the estranged wife of Sterling to get this transaction done ASAP and to get Steve Ballmer at the forefront of it given that they want to get him in the league.
Ballmer's end game interest is getting a team. Is it possible that the backend play of this is that he either gets the the Clippers or he's able to enter into a lawsuit where his price for settling the lawsuit is the granting of an expansion franchise to him and Seattle?
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Tequila, the Clips are not worth 2.5 bil. Fuck, I don't see how 1.8 billion makes any sense.
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Tequilla said:
I'm sure I'll get smashed for this, but just bear with the thought for a second:
If I recall correctly, won't Ballmer have to put a down payment on this team while it's held up in legal hell for the foreseeable future?
Further, I'm fairly certain that the estranged wife of Sterling doesn't have the capability to enter into a legally binding agreement to sell the team on her own - a least without that being subject to a future lawsuit as well from her husband.
Her husband has also said that he has offers for the club in excess of $2.5B. And, if that is the case, would go even further to help out the potential lawsuit against the Ballmer purchase.
The NBA is going to be in a legal mess over this for a number of reasons. First, just getting Sterling out of the league and be forced to sell is going to be a pain. Add to that then the fact that given the Sterling's own internal issues, you're going to have another set of legal hurdles. Ballmer is going to be sitting there on the outside waiting for this mess to pass. And, if there is another buyer sitting with Donald Sterling in excess of the $2.0B that Ballmer is rumored to be offering, hard to not see the courts sitting there and saying that that's the offer that must be taken.
At that point, I'd expect Ballmer to enter into a lawsuit against Sterling and the NBA. And I'd also have to think that the NBA has been working with the estranged wife of Sterling to get this transaction done ASAP and to get Steve Ballmer at the forefront of it given that they want to get him in the league.
Ballmer's end game interest is getting a team. Is it possible that the backend play of this is that he either gets the the Clippers or he's able to enter into a lawsuit where his price for settling the lawsuit is the granting of an expansion franchise to him and Seattle?
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I can't wait until these retarded optimistic Sonic fans realize how terrible this is in the attempt to bring a team to Seattle. That shitstorm will be hilarious.
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The only advantage I see is that Seattle's expansion gets another advocate in the owners club to pair with Allen. Ballmer won't have a ton of influence up front, but there's a lot of billions behind the two of their names. Can't hurt anyway.CuntWaffle said:I can't wait until these retarded optimistic Sonic fans realize how terrible this is in the attempt to bring a team to Seattle. That shitstorm will be hilarious.
But yeah, having him financing a Seattle deal > having him own another team, clearly. Balllmer's way too business savvy to drop $2B to move a team from LA to Seattle.
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sorry, but the people who actually think the clippers are moving are flat out delusional.
The only shot is if something like milwaukee or charlotte falls apart -
Actually, this is a good move for Ballmer, the Clippers and the NBA. The $2 Billion price tag just inflated a lot of balance sheets. Owners are sure to back this 100%.
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Rerun of this meme template
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seattle win get a team back rather easily by say...3417
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I would be surprised if somehow this sale still doesn't get held up in the courts by Sterling ... I can't see him sitting idly by while his estranged ex bitch calls him mentally incapable.
But I'd absolutely agree that any idiot that thinks Ballmer is going to move the team to Seattle are FS. He's staking about 10% of his net worth on owning a team and I'm pretty sure he's not interested in lighting that 10% of his net work on fire. If he moved the team back to Seattle, he'd be lighting at least 25-50% of his investment on fire immediately. -
Sterling was declared mentally unstable so he doesn't need to approve.
I'm sure his wife will talk him out of it since he just received 2 billion for a franchise worth 575 million according to Forbes. -
2 billion for the Clippers is nuts. Just a few years ago, they were possibly the worst organization in the NBA. It hardly even mattered that they played in LA because of the Lakers. Now, they are sold for 2 billion! I'm curious what the Lakers, Knicks, Bulls, and Celtics would sell for.
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I'm hearing that the Sterling family would would prefer to sell after Donald dies, otherwise they'll owe an extra $200 mil in cap gains tax. So tie it up in the courts for a couple years and let the old man bite it, then sell
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Wasn't Chris Hansen supposed to sue the crap out of the NBA after the Kings deal? That never happened, there won't be any huge lawsuit here either.Tequilla said:I'm sure I'll get smashed for this, but just bear with the thought for a second:
If I recall correctly, won't Ballmer have to put a down payment on this team while it's held up in legal hell for the foreseeable future?
Further, I'm fairly certain that the estranged wife of Sterling doesn't have the capability to enter into a legally binding agreement to sell the team on her own - a least without that being subject to a future lawsuit as well from her husband.
Her husband has also said that he has offers for the club in excess of $2.5B. And, if that is the case, would go even further to help out the potential lawsuit against the Ballmer purchase.
The NBA is going to be in a legal mess over this for a number of reasons. First, just getting Sterling out of the league and be forced to sell is going to be a pain. Add to that then the fact that given the Sterling's own internal issues, you're going to have another set of legal hurdles. Ballmer is going to be sitting there on the outside waiting for this mess to pass. And, if there is another buyer sitting with Donald Sterling in excess of the $2.0B that Ballmer is rumored to be offering, hard to not see the courts sitting there and saying that that's the offer that must be taken.
At that point, I'd expect Ballmer to enter into a lawsuit against Sterling and the NBA. And I'd also have to think that the NBA has been working with the estranged wife of Sterling to get this transaction done ASAP and to get Steve Ballmer at the forefront of it given that they want to get him in the league.
Ballmer's end game interest is getting a team. Is it possible that the backend play of this is that he either gets the the Clippers or he's able to enter into a lawsuit where his price for settling the lawsuit is the granting of an expansion franchise to him and Seattle? -
You are so fucking right. Giant elephant in the room.doogsinparadise said:I'm hearing that the Sterling family would would prefer to sell after Donald dies, otherwise they'll owe an extra $200 mil in cap gains tax. So tie it up in the courts for a couple years and let the old man bite it, then sell
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Looks like the deal got wrapped up today. Motivational speaker Matt Foley is the new owner
http://www.youtube.com/watch?v=hMLcKtVwF-A
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