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Thread: Reports: Former Microsoft CEO Steve Ballmer wins bidding for Clippers with NBA-record

  1. #41
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    Re: Seattle clippers

    Quote Originally Posted by ludin View Post
    ok so she only owns 50% of the team i read another article on this.

    the team belongs to the trust of which sterling is co-owner. that means any sale or anything else that comes out of the trust he has to approve.
    according to the article he is not approving the sale.

    so she can't sell the team without his permission.

    50% is not 51%.
    Except, according to the NBA by-laws, which he agreed to abide by, the NBA can force him to sell the team. He's out. It may take a while as he engages in fruitless court challenges, but he's done.
    "Groups with guitars are on the way out, Mr. Epstein"

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  2. #42
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    Re: Seattle clippers

    Quote Originally Posted by beefheart View Post
    I was hoping Larry Ellison would get it. Guy has some serious dough...
    He's about to lose some of it. The state of Oregon is suing his ass off for the failed Cover Oregon site and Oracle's lies.

  3. #43
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    Re: Seattle clippers

    I can't believe it got sold for that much. It was a distressed sale. You don't pay full price for a gallon of milk that expires tomorrow.

  4. #44
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    Re: Seattle clippers

    I can't believe it is being sold to another white guy.

    He might be a closet racist too.

    I guess they are going to have to tap his phones to find out. </sarcasm>

  5. #45
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    Re: Seattle clippers

    Quote Originally Posted by Top Cat View Post
    Wow, imagine how hard they would be to clean.
    The team couldn't ever win with all the viruses they would get.

  6. #46
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    Re: Seattle clippers

    Quote Originally Posted by beefheart View Post
    Allen has been a great owner with the Seahawks and the Sounders. Seattle deserves an NFL team. Heck, they can have our always broke hockey team while they are at it.
    Allen could always move his Blazers to Seattle.

  7. #47
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    Re: Seattle clippers

    Quote Originally Posted by 99percenter View Post
    Sterling's wife is selling it. I don't agree with sterling being forced to sell his team, but he is going to make a killing. His team was worth $500 mill and he is getting $2 bill. That is a nice haul. Just wondering what the capital gains tax bill will be for him,.
    $662 million is what I heard on the radio

  8. #48
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    Re: Seattle clippers

    Quote Originally Posted by Wiggen View Post
    Except, according to the NBA by-laws, which he agreed to abide by, the NBA can force him to sell the team. He's out. It may take a while as he engages in fruitless court challenges, but he's done.
    Actually, he didn't break any of the bylaws of the NBA constitution, so he would have a fight if he does go that route. But damn, $2 billion! He would be crazy to pass that up.

  9. #49
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    Re: Seattle clippers

    Quote Originally Posted by The Man View Post
    Actually, he didn't break any of the bylaws of the NBA constitution, so he would have a fight if he does go that route. But damn, $2 billion! He would be crazy to pass that up.
    His peers are laughing all the way to the bank.

  10. #50
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    Re: Seattle clippers

    Quote Originally Posted by Wiggen View Post
    Actually he owns the Portland Trailblazers. He does not own the Seattle Sounders.
    Actually Allen is a silent partner if this article is accurate...

    Seattle Sounders opening own business operations, breaking off from*Seahawks | Planet Futbol - SI.com

    Seattle Sounders opening own business operations, breaking off from Seahawks

    Despite the new arrangement, Seahawks owner Paul Allen’s ownership status has not currently changed, a Sounders spokesman told SI.com when reached via email for clarification. Allen, Microsoft’s co-founder, was instrumental in bringing MLS to Seattle.

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