I need some clarification. I keep seeing everyone (media, fans, etc) say Magic might buy the team. Now I know Magic is a very wealthy man thanks to some wise investments but he doesn't have that kind of dough to just be the outright owner, right? I thought that even with the Dodgers, he's just the famous face of a larger group with some real heavy hitters. So I guess what I'm saying is, how much does he actually own?
I need some clarification. I keep seeing everyone (media, fans, etc) say Magic might buy the team. Now I know Magic is a very wealthy man thanks to some wise investments but he doesn't have that kind of dough to just be the outright owner, right? I thought that even with the Dodgers, he's just the famous face of a larger group with some real heavy hitters. So I guess what I'm saying is, how much does he actually own?
Yeah, I know they are talking about the group Magic is in. I guess what I'm wondering is if he has the controlling shares. I was under the impression that other people in the group own more of the team but Magic is more the face of the group (though he still owns a good size chunk)
The new group to stick their bids in the ring for the Clip Joint are headed by David Geffen and Oprah. Oprah doesn't want to run the team she just wants to be known as a black that is rich enough to play with the big bucks boys. What a flippin joke!
I'm not sure that the NBA wants to get into such a situation, especially since they have already achieved the goal of removing him from the NBA anyhow.
I don't think the other owners really want to have a vote on forcing him to sell his team either. They're coming out with the right sound bytes, but when it comes down to it, I don't think they want to have to entertain this slippery slope scenario of voting out one of their owners like this.
As much as I hate the guy, Mark Cuban was right. And TJF12 what you point ourt is correct also. It is a slippery slope and the league does not have the right to take his team from him absed on a private conversation.
From all indications, Sterling is going to fight the forced selling of his team and the league does not have the legal authority to take it from him or force him to sell especially with the thin case they have based on by-laws violations.
What is ultimately going to kill him his the court of public opinion and people refusing to buy his product in any form. Players also leaving will effect this along with the massive departure of sponsor dollars. But forcing Sterling to sell based on what they have especially when it is apparent this was a set-up? The guy is a sleazeball but there is nothing illegal about that just like Cuban stated.
Clause 13 of the conduct portion of the NBA By-laws is the only applicable clause and right now, that clause states that Sterling can only be banned when he has operated the club in such a fashion with racism governing the day-to-day activities of the club promoting racism which is not the case. Several of my lawyer buddies indicate Sterling would win a fight in court against the NBA because he did nothing illegal.
The NBA right now has a very thin case regarding forcing Sterling to sell his franchise. There is no violation of Clause 13 and he would win that case against the league which is where this thing is going. This is fast become a thought-police type of infraction but it was a private conversation recorded in the privacy of Sterling's residence and nothing more.
How many of the same solidarity-based players who stood as one against Sterling would want their locker room convos taped and released to the public say for example when they are discussing gays, trannies, or talkin' about the latest honey somebody scoped-out. Remember Kobe apologizing for his comments on "fags". I know their comments could hold them in violation just like Sterling's comments.
The fact of the matter is this is rapidly becoming about a double standard in racism that has been manifested glaringly in the past couple of days. A recent black Congressman was caught calling Chief Justice Thomas an "Uncle Tom". When pressed to accept the notion that his language was racist, he retorted that because he is black, he is permitted to call another black that term. But if Whitey says it, its racism.
This all stinks to high heavens. Granted Sterling is a douchebag but he has the right under the first amendment to speak his mind especially in the privacy of his own home without fear of repraisal. To call Sterling to the carpet and not everyone else including Black players who routinely use the "N" word to refer to other Blacks reaks of hypocrisy of the highest order.