Anybody interested in a purchase offer on the Clippers?

As you know, this isn't a court of law and Sterling will never be sent to jail for his offensive words. He owns a franchise, and as such he can and should be penalized under league rules. I like the decision by the league.

From what I understand, there are substantial tax advantages on passing the team directly to his kids and not selling while he is still alive. If that is true and the league decides to force a sale, I believe that Sterling will tie things up in court until he dies. There's also the possibility that the franchise becomes such a mess, that it's in financial best interest to liquidate while he's still standing.


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Originally posted by: BAGIANT
Not that I'm sticking up for Sterling..he was once our landlord in Beverly Hills...but in Calif. it is illegal to tape record a conversation without the other person knowledge. If it was a court of law, the tape would be thrown out like it was never recorded.


The advantage to Sterling holding onto the team to death is that the value of the team is stepped up to its fair market value on his date of death and becomes the new carrying value (instead of the original 12 million he purchased it for). This would save hundreds of millions in capital gains taxes on a sale, if the team is worth a billion.

That being said, he is going to lose all sponsors no matter how long he is able to tie things up.

[EDIT] If he isn't able to keep it where his wife still owns it after his death, then it gets an estate tax of 40% levied on it. If the wife can still own it, the estate tax would be deferred until her death.
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Originally posted by: Boilerman
If someone insults me, I may think that person is a jerk. I certainly won't get all wound up, I won't want to shoot them, and I certainly won't lose any sleep over it. I believe some folks spend too much energy worrying about what others say about them...
Sterling didn't call someone a bad name - he ordered a subordinate to discriminate based on race.

And you defend that, which shouldn't be a surprise to anyone here.
I gotta agree with forky on this one. Admitting that you used the word nigger or something 25 yrs ago ala Paula Dean is nothing compared to actually saying something negative about hanging out with, associating with, or being around a particular people based soley on skin color or nationality is really F' up, it does reek of racial supremacy which is worse than referring to an individual with a name/slur.

"Sterling didn't call someone a bad name - he ordered a subordinate to discriminate based on race."

What about larry johnson who wants to have a black only league? Should he be fined and banned from the NBA?
This entire thing has gotten way out of hand. First off the woman has to be dumber than a box of rocks to blow such a set-up such as she had....He was being voted by the Chapter in LA (NCAAP) ad the Man of the Year WOW what would cause an organization like this to vote him this honor. I'm sure this is not the first time he has been outspoken. If he is forced to sell the team it will only cost him tax dollars big time. The team's value has gone up since he purchased them I'm sure. They were never even thought of making the playoffs and now look at them. Instead of giving him a life time ba at 80 years old I'm sure a 20 year ban would have fit the bill. If the same case happened just in reverse how would it have been viewed...Whites can be called several names and it really does not matter but the first time a black is mentioned lookout the party is over...
Forky - will congressman Thomson be fined and banned for life from Congress for his comments?
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Originally posted by: hoops2
Forky - will congressman Thomson be fined and banned for life from Congress for his comments?
If he criticized someone because of their RACE, that is racism. If he criticized someone because of their BEHAVIOR, it isn't.

Why don't you fill us in on the details, and we'll figure out which it is.

Only blacks are called Uncle Toms. So it was racial. You continue to show by your responses that there is always an excuse no matter how weak when blacks make racial comments.
Larry Johnson should be banned, right Forkbush?
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