Author Topic: Judge ok's 2 billion dollar sale of the Clippers.  (Read 1309 times)

King Shizzo

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Judge ok's 2 billion dollar sale of the Clippers.
« on: July 28, 2014, 03:40:55 PM »
Both sides say that the deal should be approved by August 15th.

http://news.yahoo.com/judge-oks-record-setting-2b-sale-clippers-215245124.html

King Shizzo

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #1 on: July 28, 2014, 03:43:02 PM »
LOS ANGELES (AP) — A judge ruled against Los Angeles Clippers owner Donald Sterling on Monday in his attempt to block the $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer.

 


"I can't believe it's over. I feel good," she said.

Shelly Sterling negotiated the sale of the team after the 80-year-old billionaire was banned by the NBA for making offensive remarks about blacks.

She sought approval from a probate judge for the deal she struck after removing her husband from the trust that owned the team when doctors found he had signs of Alzheimer's disease and couldn't manage his affairs.

Donald Sterling claimed his wife deceived him about the medical exams.

He later revoked the trust after she negotiated the record-setting sales price and his lawyers argued that the move killed the deal. They said the case didn't belong in probate court because the trust had been dissolved.

The ruling in Los Angeles County Superior Court is unlikely to put an end to the bizarre saga that began in April when a recording surfaced of Sterling scolding his young girlfriend for bringing black men to Clippers games. The NBA moved quickly to ban Sterling for life and fined him $2.5 million.

Sterling was apologetic after the audio recording went viral, but his mea culpa backfired when he criticized Lakers great Magic Johnson, who had been photographed with Sterling's girlfriend, as a bad role model for kids because he had HIV. Sterling was roundly criticized from locker rooms to the Oval Office, where President Barack Obama called Sterling's remarks "incredibly offensive racist statements."

With the NBA threatening to seize the team and auction it, Sterling initially gave his wife of 58 years permission to negotiate a sale but then refused to sign it. He said he would sue the league instead and then revoked the trust.

The nonjury trial held over several weeks focused mainly on whether Shelly Sterling properly removed her husband as a trustee and whether her actions carried any weight after he revoked the trust.

Donald Sterling's lawyers contended that his wife and her lawyers conspired to trick him and that the mental exams by two doctors were faulty. They said Sterling didn't know his competency as a trustee was being evaluated and that he showed no signs of incompetence on the witness stand.

In combative testimony, Sterling said he would "never, ever sell" the team he bought in 1981 for about $12 million. He vowed to fight the NBA in court until the day he dies.

Before taking the stand, he kissed his wife and then testified that he loved her. But the following day when she approached him in court he yelled, "get away from me, you pig!"

Sterling, a lawyer who made a fortune as a landlord, has filed an antitrust lawsuit in federal court against the NBA and he sued his wife, NBA Commissioner Adam Silver and the league in state court.

Lawyers for Shelly Sterling and Ballmer had urged the judge to let the sale go through because it was in the best interest of the family trust. They said an auction was less likely to bring such a high price and that coach Doc Rivers, key players and sponsors were likely to walk if Donald Sterling's ownership was prolonged.

"The trust has a golden bird in the hand," Shelly Sterling's lawyers wrote in court papers. "A sale of the Clippers for $2 billion is indisputably a bonanza for the Sterling family. Donald's strident opposition is motivated by only selfish considerations."

Donald Sterling said he could get more for the team by also selling TV rights and through his $9 billion suit against the league.


Nails

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #2 on: July 28, 2014, 03:47:19 PM »
Donald will back away from the deal Aug 14

King Shizzo

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #3 on: July 28, 2014, 03:48:07 PM »
Donald will back away from the deal Aug 14
I don't think he has a say anymore.

Natural Man

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #4 on: July 28, 2014, 03:54:08 PM »
his ex wife raped him raw.

King Shizzo

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #5 on: July 28, 2014, 03:57:24 PM »
I wonder how the money would be allocated in such a sale. Does the wife get 50%? If so, it would be a hell of an investment for both.

They are probably high fiving behind closed doors.

Lustral

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #6 on: July 28, 2014, 04:02:56 PM »
I wonder how the money would be allocated in such a sale. Does the wife get 50%? If so, it would be a hell of an investment for both.

They are probably high fiving behind closed doors.

It is theft. Fucking whore.

say something construed as racist and you lose a $2bn asset? Good country and legal system.

King Shizzo

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #7 on: July 28, 2014, 04:04:32 PM »
It is theft. Fucking whore.

say something construed as racist and you lose a $2bn asset? Good country and legal system.
You don't understand. Donald invested like 14 million in the 80's.

All the Sterlings win.

Natural Man

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #8 on: July 28, 2014, 04:07:26 PM »
lol she sure got her revenge ...i guess he s questioning having separated from her to bang younger whores...

warez4gold

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #9 on: July 28, 2014, 04:15:52 PM »
this is why you have to pay extra attention when you date money hungry whores. you MUST be on your a game when it comes to phone convos, meeting places, sexual behavior, etc.

Lustral

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #10 on: July 28, 2014, 04:35:51 PM »
You don't understand. Donald invested like 14 million in the 80's.

All the Sterlings win.

Im sure he is happy to lose a billion over whore.

SCRUBS

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #11 on: July 28, 2014, 04:39:00 PM »
That will teach him for fucking a lady boy......

King Shizzo

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #12 on: July 28, 2014, 04:41:58 PM »
That will teach him for fucking a lady boy......
X2. That bitch was butt ugly.

Arnold maid kind of ugly.

Natural Man

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #13 on: July 28, 2014, 04:45:28 PM »
X2. That bitch was butt ugly.

Arnold maid kind of ugly.
no, noone is uglier than anhold maid sorry.

Irongrip400

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #14 on: July 28, 2014, 04:57:31 PM »
You don't understand. Donald invested like 14 million in the 80's.

All the Sterlings win.

Exactly. Although I think it was closer to 20 million.

Ronnie Rep

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #15 on: July 28, 2014, 05:27:28 PM »
his ex wife raped him raw.
Raped, he gets a billion.

Lustral

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #16 on: July 28, 2014, 05:33:15 PM »
Exactly. Although I think it was closer to 20 million.

How much did she invest? How long has she been with him? What business decisions did she make? Did she even bring up kids?

In other words, whore. Expensive whore.

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #17 on: July 28, 2014, 08:22:54 PM »
Raped, he gets a billion.
He is now richer than ever. Will most likely die by the end of the yr from this stress.

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #18 on: July 28, 2014, 09:41:43 PM »
the team was appraised at $500mil value right before this controversy happened.

Thanks to all the profile and the "feelgood" nature of this drama, the price went up to $2 billion.

Wife never leaves, and he he makes $500 mil.   Wifey leaves and he makes $250 mil. 

Or, say rude stuff, act crazy and threaten to "out" other owners, and get $1bil.   Wife keeps the other $1bil.

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Re: Judge ok's 2 billion dollar sale of the Clippers.
« Reply #19 on: July 28, 2014, 09:56:46 PM »
this is why you have to pay extra attention when you date money hungry whores. you MUST be on your a game when it comes to phone convos, meeting places, sexual behavior, etc.
This is why you dont fuck with the NBA. The guy was a real jew about the whole thing, he was so cheap he didnt even bother building an area for the fucking team, just leeching off the lakers.