04-30-2014, 11:29 AM
|
#1
|
Lazy Moderator
Join Date: Jul 2004
Location: Lazytown
Posts: 18,721
|
Quote:
Originally Posted by EricaLubarsky
That's pretty much 100% of the argument.
If you go into business with a couple of business partners, you can force out one business partner if they are hurting the company, but if you seize their share or force them to sell at a loss, you are in for a major lawsuit.
|
Except if there are bi-laws in place that allow for the business partners to reach a majority. Then it seems pretty standard to me.
Now, in this case, there appears to be a lot of grey area on what conditions allow for the vote and that will probably we where the legal battle focuses. But the majority force out , in some permutation, is written into the contract the owners agree to when they buy the team.
|
|
|
04-30-2014, 12:03 PM
|
#2
|
Guru
Join Date: Nov 2003
Posts: 10,016
|
Quote:
Originally Posted by jthig32
Except if there are bi-laws in place that allow for the business partners to reach a majority. Then it seems pretty standard to me.
Now, in this case, there appears to be a lot of grey area on what conditions allow for the vote and that will probably we where the legal battle focuses. But the majority force out , in some permutation, is written into the contract the owners agree to when they buy the team.
|
Was it there about 5 cbas ago? Because if it wasn't, then that statement doesn't apply to him. Sterling is a pos, and I don't feel sorry for him, but this is also a man who loves litigation, has no problems getting dirty and has a billionaire's resources. The legal battle that will result from this could very easily end up causing the nba more financial harm then any moronic statements he made.
|
|
|
04-30-2014, 12:13 PM
|
#3
|
Lazy Moderator
Join Date: Jul 2004
Location: Lazytown
Posts: 18,721
|
Quote:
Originally Posted by Five-ofan
Was it there about 5 cbas ago? Because if it wasn't, then that statement doesn't apply to him. Sterling is a pos, and I don't feel sorry for him, but this is also a man who loves litigation, has no problems getting dirty and has a billionaire's resources. The legal battle that will result from this could very easily end up causing the nba more financial harm then any moronic statements he made.
|
CBA's deal with negotiations between the owners and the players. They don't have anything to do with the NBA Ownership Bi-Laws.
I have no idea if the rule was in place when Sterling bought the team but I assume the option is to adopt new rules or sell your team.
Last edited by jthig32; 04-30-2014 at 12:13 PM.
|
|
|
04-30-2014, 01:19 PM
|
#4
|
Golden Member
Join Date: Jul 2007
Posts: 1,715
|
Oprah Winfrey and David Geffen reportedly in queue of potential buyers for Clippers franchise.
Oprah would be a great owner. Go to a Clippers game, look under your chair, find her latest book recommendation.
|
|
|
04-30-2014, 01:33 PM
|
#5
|
Diamond Member
Join Date: Sep 2007
Posts: 5,249
|
If the team is ever for sale, Seattle should get first, second and third dibs.
__________________
Is this ghost ball??
|
|
|
04-30-2014, 02:03 PM
|
#6
|
Inactive.
Join Date: Feb 2004
Location: Scottsdale, AZ
Posts: 42,587
|
Quote:
Originally Posted by DirkFTW
If the team is ever for sale, Seattle should get first, second and third dibs.
|
Seattle, KC, and I actually think that Vegas would make a great location for a pro team.
|
|
|
04-30-2014, 03:28 PM
|
#7
|
Guru
Join Date: May 2011
Location: Las Vegas
Posts: 11,541
|
Quote:
Originally Posted by EricaLubarsky
Seattle, KC, and I actually think that Vegas would make a great location for a pro team.
|
Please, please, please! MGM is building an arena now. Clippers would be perfect. Lob(flop city)...except I hate Clippers. But Id get to see the Mavs without traveling anywhere
__________________
|
|
|
04-30-2014, 09:21 PM
|
#8
|
Guru
Join Date: May 2001
Location: sport
Posts: 39,425
|
Quote:
Originally Posted by Jack.Kerr
Oprah Winfrey and David Geffen reportedly in queue of potential buyers for Clippers franchise.
Oprah would be a great owner. Go to a Clippers game, look under your chair, find her latest book recommendation.
|
I f'ing cannot stand that worthless piece of sh!t.
|
|
|
04-30-2014, 09:28 PM
|
#9
|
Golden Member
Join Date: Jul 2007
Posts: 1,715
|
Quote:
Originally Posted by Murphy3
I f'ing cannot stand that worthless piece of sh!t.
|
Thanks. That's a great insight. But you know she loves you back!
P.S.: Her net worth penis is about twice as big as Sterling's. Wouldn't it be awesome, Murph, if she and David Geffen (whose net worth is about 4x that of Sterling) formed an owernship group? The first female owner and the first gay man owner in the NBA! You might never sleep again!
Last edited by Jack.Kerr; 04-30-2014 at 09:45 PM.
|
|
|
04-30-2014, 10:05 PM
|
#10
|
Member
Join Date: Aug 2002
Location: Inland Empire, Southern California
Posts: 31
|
Quote:
Originally Posted by Jack.Kerr
Thanks. That's a great insight. But you know she loves you back!
P.S.: Her net worth penis is about twice as big as Sterling's. Wouldn't it be awesome, Murph, if she and David Geffen (whose net worth is about 4x that of Sterling) formed an owernship group? The first female owner and the first gay man owner in the NBA! You might never sleep again!
|
Wow. Random personal attack? Seems uncalled for.
|
|
|
05-01-2014, 11:39 AM
|
#11
|
Guru
Join Date: May 2001
Location: sport
Posts: 39,425
|
Quote:
Originally Posted by Jack.Kerr
Thanks. That's a great insight. But you know she loves you back!
P.S.: Her net worth penis is about twice as big as Sterling's. Wouldn't it be awesome, Murph, if she and David Geffen (whose net worth is about 4x that of Sterling) formed an owernship group? The first female owner and the first gay man owner in the NBA! You might never sleep again!
|
Why would you think I have any problem with a gay owner or female owner? I have absolutely no problem with either. If you're a big enough of a jackwagon to attack me on the forum in such a manner without merit, it tells us alot about you.
Yes, I think Oprah Winfrey is a minority that actually detracts from those suffering from actual racism with some of her comments especially with regards to Obama. I also think she is a self serving person that gives more for the sake of attention than for the sake of giving. The Ticket used to do some funny bits regarding her. When she'd have a guest on talking about their charity, Oprah would always cut them off and one up them. To me, that screams is someone that does something for self serving reasons. Yes, it's obviously still good for the recipient, but it rings just a little bit hollow. The world is absolutely full of people such as this. Many people give with sincerity in their heart. Many people give for their own personal gain. Oprah, to me, gives for her own personal gain... it helps the ratings of the show and paints her in a more favorable light. Perhaps I am overly cynical with regards to her. But, it is merely based on what I have seen, heard, and read concerning her and nothing else. I would have have absolutely no issue with a female owner. I would have no issue with a gay owner.. I would have no issue with a gay/female/african american owner although I do prefer my gay females to be caucasian.
Last edited by Murphy3; 05-01-2014 at 11:47 AM.
|
|
|
04-30-2014, 03:17 PM
|
#12
|
Guru
Join Date: Nov 2003
Posts: 10,016
|
Quote:
Originally Posted by jthig32
CBA's deal with negotiations between the owners and the players. They don't have anything to do with the NBA Ownership Bi-Laws.
I have no idea if the rule was in place when Sterling bought the team but I assume the option is to adopt new rules or sell your team.
|
I thought the rule they were using to attempt to make him sell was in the cba?
Also there's a difference(a huge one actually) between saying dont buy a team if you don't like the conditions and sell your team if you don't like new rules. Completely different scenarios.
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -5. The time now is 08:10 PM.
|