Cry Me A River
Posted by Warm Southern Breeze on Wednesday, May 28, 2014
“The response claims that it would cost Sterling $300 million to $500 million in capital gains taxes if he is forced to sell now rather than pass the team to his heirs.”
According to Forbes magazine, Donald Sterling has a net worth of US$ 2BILLION, and the Value of the Los Angeles Clippers team, based on current arena deal (unless new arena is pending) without deduction for debt (other than arena debt) is value ranked 13th in the NBA, and valued at $575 Million.
Look closely into my eyes.
Do you see even the slightest hint of concern?
Sterling Responds To NBA, June 3 Hearing Still On
AP – May 28, 2014
Los Angeles Clippers owner Donald Sterling responded to the NBA’s attempt to oust him on Tuesday, arguing that there is no basis for stripping him of his team because his racist statements were illegally recorded “during an inflamed lovers’ quarrel in which he was clearly distraught.”…