Donald Sterling Banned for Life

[newtogolf]

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?

[jamo]

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.

[Hammer 4]

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.

[MS256]

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.

[David in FL]

"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?!

[Golfingdad]

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

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

[David in FL]

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......

[MS256]

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/

[newtogolf]

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.

[Golfingdad]

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.

[David in FL]

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

Only to you and me. ;-) He already has more money than God. It's about the principle now.

[Golfingdad]

Only to you and me.

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 ;))