Ok, so this could all be bluster, but this is absolutely an insane amount of money for an NBA team. Maybe we all vastly under-estimate how profitable this game is. Remind me again how Ballmer and Hansen couldn’t pay for their own building ?
From Sterling’s response, it sounds like I need to pick up some popcorn.
On the basis of remarks made in a livingroom during a “lovers’ quarrel,” which were illegally recorded and then disclosed months later in retaliation for a lawsuit by Mr. Sterling’s wife, the NBA seeks to forcibly strip Mr. Sterling and his wife of their ownership interest in the Los Angeles Clippers. The NBA’s use of this illegal recording constitutes a clear and blatant violation of Mr. Sterling’s California constitutional rights. The authors of the charge did not have the courage, decency, or honesty to acknowledge the circumstances surrounding Mr. Sterling’s jealous rant or even that the source of their information was borne from the “fruit of the poisonous tree.” So, in reality, Mr. Sterling is being banned for life, fined $2.5 million, and stripped of his ownership for a purely private conversation with his lover that he did not know was being recorded and that he never intended would see the light of day. We do not believe a court in the United States of America will enforce the draconian penalties imposed on Mr. Sterling in these circumstances, and indeed, we believe that preservation of Mr. Sterling’s constitutional rights requires that these sham proceedings be terminated in Mr. Sterling’s favor. This is particularly true when over its entire history the NBA has never fined anyone as much as $2.5 million, never suspended any owner for life, and never undertaken to confiscate an owner’s team for any offense, much less an alleged offense originating in a conversation in a private setting that was illegally recorded
I Missed My Chance ?
update 5/28 at 7PM PST
Bids are In
update 5/29 at 4 PM
The first round of bids are in, Ballmer may be in the lead.
Sources close to the process believe that former Microsoft CEO Steve Ballmer’s group currently has the leading bid, however the situation remains fluid as negotiations continue with the two other strong groups and Shelly Sterling works to persuade her husband of 58 years to agree to sell the team.