LOL - nice to see Forbes catching up with FR. This topic was already discussed here on FR.
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LOL indeed. I don’t think Forbes is even half correct. How do they assume the $$$ is tax free?
Remember the NBA owners never voted to strip Sterling of ownership. So this is NOT a forced sale.
Read the article.
True, however agreeing to a sale, is not the same as executing a sale. His lawyers may be signalling to the other NBA owners that it is ok to vote to force the sale. In essence, I will drop my suit and agree to the sale so that you have “cover” and can vote to force the sale. That way the owners look good to the sheeple and the NBA looks like it actually had power to do something.
It in effect, creates a Win/Win situation.