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Donald Sterling Banned for Life - Page 11

post #181 of 192
Quote:
Originally Posted by jamo View Post


Not exactly sure I see the irony. He (or his heirs), were going to see that money at some point. He owns the team. With the way the NBA has been growing recently, they/he probably would have seen even more money had this incident not occurred.

You and I both know that but not everyone will.  Plus, is he really going to be that upset when he cashes a check for $2b?

post #182 of 192
Quote:
Originally Posted by newtogolf View Post

You and I both know that but not everyone will.  Plus, is he really going to be that upset when he cashes a check for $2b?

Fair enough. $2 billion is still $2 billion.
post #183 of 192

Donald may do some stupid things, but he far from being stupid. IIRC, I think he owns 1/2 of Los Angeles, well, maybe not 1/2 but a ton of real estate.

 

And, you don't get to where he is $$$ wise by being dumb. I'm glad to see him lose the Clippers, hope the new owners do much better with the team.

post #184 of 192
Quote:
Originally Posted by newtogolf View Post
 

You and I both know that but not everyone will.  Plus, is he really going to be that upset when he cashes a check for $2b?

 

"He" may not see any benefit of the $2b.

 

If the sale was really made without his approval because he has been deemed mentally incompetent he may not have control over anything.

 

He'll end up in a nursing home somewhere while the rest of the family fights over and spends the money.

post #185 of 192
Quote:
Originally Posted by MS256 View Post

"He" may not see any benefit of the $2b.

If the sale was really made without his approval because he has been deemed mentally incompetent he may not have control over anything.

He'll end up in a nursing home somewhere while the rest of the family fights over and spends the money.

Mentally incompetent? Where the hell did that come from?!
post #186 of 192
Quote:
Originally Posted by David in FL View Post

Mentally incompetent? Where the hell did that come from?!
I saw it on the espn ticker last night. Seriously. ;)
post #187 of 192
Quote:
Originally Posted by Golfingdad View Post

I saw it on the espn ticker last night. Seriously. ;)

So, did the ESPN dude stay at a Holiday Inn Express the night before?

Not gonna happen, no matter what ESPN thinks......
post #188 of 192
Quote:
Originally Posted by David in FL View Post


Mentally incompetent? Where the hell did that come from?!


They reported that he didn't want to sell but somehow the wife (?) was able to go over his head on some kind of mentally incompetent grounds.

 

Doesn't sound right because I figured a court would have had to declare him incompetent. Maybe they did but I don't think courts normally work that fast and he would have been able to present a case.

 

So nothing makes sense.

 

BYW including the price tag on that franchise.

 

Edit:

http://www.pbpulse.com/news/sports/basketball/donald-sterling-declared-mentally-incapacitated/nf92y/

post #189 of 192
Quote:
Originally Posted by David in FL View Post


So, did the ESPN dude stay at a Holiday Inn Express the night before?

Not gonna happen, no matter what ESPN thinks......

QFT, I think the Sterling has a strong enough legal team to prevent any of this from happening if he doesn't want it to.

post #190 of 192
Quote:
Originally Posted by newtogolf View Post
 

QFT, I think the Sterling has a strong enough legal team to prevent any of this from happening if he doesn't want it to.

And if he doesn't ... if he wants to spend thousands upon thousands (probably well into the hundreds of thousands) of dollars to prevent somebody from giving him 2 billion (for a franchise that is valued at half of that, BTW), I think that makes a pretty good case for those who say he's mentally incapacitated. :-P

post #191 of 192
Quote:
Originally Posted by Golfingdad View Post

And if he doesn't ... if he wants to spend thousands upon thousands (probably well into the hundreds of thousands) of dollars to prevent somebody from giving him 2 billion (for a franchise that is valued at half of that, BTW), I think that makes a pretty good case for those who say he's mentally incapacitatedb2_tongue.gif

Only to you and me. a2_wink.gif

He already has more money than God. It's about the principle now.
post #192 of 192
Quote:
Originally Posted by David in FL View Post


Only to you and me. a2_wink.gif

He already has more money than God. It's about the principle now.

I was going to agree with you and then just decided to google what Sterling is worth so I could post the actual number and we could laugh about it (thinking it would be really, really high)

 

But his net worth, from a consensus of all of the google returns, is right at 2 billion.  I have to assume that since he hasn't officially sold the team yet, that that number includes the Clippers, which at best have been valued at 1 billion.  That means that this sale would net him a huge percentage increase on his total.  Based on my guesses (and, yes, I'm fully admitting that they're all guesses) he'd be going from 2B to roughly 3B.  50% is a lot, no matter how much you had to start.

 

(I still agree with you though ;))

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