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Will the Rockets be Sold for Two Billion Dollars

Discussion in 'BBS Hangout: Debate & Discussion' started by pgabriel, Jul 23, 2017.

  1. pgabriel

    pgabriel Educated Negro

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    I'm posting this in this forum for a reason

    The forced sell of the Clippers generated two billion dollars

    The previous sell of a franchise the Bucks only months earlier generated six hundred million

    I think Steve Ballmer bailed out the NBA cause Sterling would have hit the NBA with libel lawsuit

    I don't think the NBA had a right to force Sterling out over those tapes.

    A libel lawsuit lawsuit would have generated franchise value plus 3x that value.

    Remember Sterling could have forced an owner vote on that.
     
  2. Fantasma Negro

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    Will the Rockets sell for Three Billion Dollars? IB4L
     
  3. adoo

    adoo Member

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    the dizzying height of ignorance !
     
  4. pgabriel

    pgabriel Educated Negro

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    For being secretly taped having a conversation with a mistress

    There was no due process with Adam Silver
     
  5. Major

    Major Member

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    Your concern for due process of Donald Sterling in a private matter where there's already a spelled out system in the franchise agreement is amusing, considering your total lack of interest in due process for the American people in the Russia investigation in something actually involving the government (why investigate? who cares?!).
     
  6. daywalker02

    daywalker02 Member

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    huh....and it was a wise move in hindsight
     
  7. Dairy Ashford

    Dairy Ashford Member

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    I don't understand libel charges based on indisputable comments caught in a recording. Separately, sports leagues have anti-trust exemptions probably for reasons similar like this; to allow for consistency among rules and values between organizations at a certain tier. It also makes it easier to force franchises to act in favor of public policy, like the Kennedy administration forcing Preston Marshall to draft blacks or lose the lease to D.C. Stadium/RFK.
     
  8. pgabriel

    pgabriel Educated Negro

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    No actually due process is required to remove an owner. A vote
     
  9. pgabriel

    pgabriel Educated Negro

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    Why do you think Sterling got times the value of the Bucks

    The Clippers were in the bottom half of franchise values
     
  10. pgabriel

    pgabriel Educated Negro

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    He didn't say anything negative about black people

    BTW he had a long time black gm before everyone
     
  11. dandorotik

    dandorotik Contributing Member

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    Still the wrong forum, FakePgabriel.
     
  12. dandorotik

    dandorotik Contributing Member

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    Sterling told Stiviano: "It bothers me a lot that you want to broadcast that you're associating with black people", and, "You can sleep with [black people]. You can bring them in, you can do whatever you want", but "the little I ask you is ... not to bring them to my games

    In his first public comments in nearly two weeks after his ban from the NBA, Sterling appeared on CNN with Anderson Cooper and apologized, saying he was "not a racist", and asked for forgiveness.[79][80] He said he was "baited" by Stiviano into making the offensive comments
     
  13. Major

    Major Member

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    Sure - and Sterling could have forced that, but he instead agreed to voluntarily sell.
     
  14. pgabriel

    pgabriel Educated Negro

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    Forbes is looking at $500 million less for Alexander

    The Rockets are a more valuable franchise
     
  15. Major

    Major Member

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    No they aren't. They are a franchise in Los Angeles that was also ascendant on the court. That is far multiples more than the relatively irrelevant Bucks. A franchise is worth what someone is willing to pay of it, and it's rare that a Los Angeles franchise comes up for sale.
     
  16. Exiled

    Exiled Member

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    the whole story of Donald Sterling was sketchy , Ballmer the blue screen guy bailed them out, however , he paid 2 billions to get 1 billion back in tax credit. Everyone won something in return but the biggest stacks were awarded to Sterling , so you may wonder if : the tape thing was his idea in first place!
     
  17. dandorotik

    dandorotik Contributing Member

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    In February 2003, the Housing Rights Center of Los Angeles filed a housing discrimination case against Sterling on behalf of 18 tenants. The lawsuit featured several racist statements allegedly made by Sterling to employees, such as that "black people smell and attract vermin" and "hispanics just smoke and hang around the building" as well as Sterling's alleged intent to rent only to Korean tenants because "they will pay the rent and live in whatever conditions I give them". Part of the HRC case's resolution included U.S. District Judge Dale Fischer awarding the plaintiffs' attorney $4.9 million in attorneys fees. While the final terms for the plaintiffs were confidential, the judge said the fees were justified as the settlement obtained by the plaintiffs against Sterling was one of the largest of its kind and the public benefit terms were significant and wide-ranging
     
  18. Major

    Major Member

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    1. You don't get to make up your own reality.

    2. "I have a black friend!" is not a defense for racist comments.
     
  19. dandorotik

    dandorotik Contributing Member

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    In February 2009, Sterling was sued by former longtime Clippers executive Elgin Baylor for employment discrimination on the basis of age and race.[103] The lawsuit alleged that Sterling told Baylor that he wanted to fill his team with "poor black boys from the South and a white head coach".[101] The plaintiffs alleged that during negotiations for Danny Manning, Sterling said "I'm offering a lot of money for a poor black kid".[101][104] The suit also alleged that "the Caucasian head coach was given a four-year, $22-million contract" while Baylor's salary had "been frozen at a comparatively paltry $350,000 since 2003".[103]
     
  20. pgabriel

    pgabriel Educated Negro

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    For four times value

    I saw two lawyers on NBC discussing a libel suit on MSNBC before the sale and they hit the price on the head if you believe the bucks were similar because of what happens in a libel suit
     

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