AP Source: Donald Sterling hires investigators

The Associated Press ^ | June 13, 2014 | Tami Abdollah

[2ndDivisionVet]

A person with knowledge of Los Angeles Clippers owner Donald Sterling's legal strategy says his team of lawyers has hired four private investigation firms to dig up dirt on the NBA's former and current commissioners and its 29 owners.

The individual, who wasn't authorized to talk publicly, says investigators were given a six-figure budget over the next 30 days to examine the league's finances, allegations of previous discriminatory conduct and compensation to past commissioner David Stern and current commissioner Adam Silver. They're also looking into whether other owners ever made any off-color jokes, or racist or sexist remarks....

[Alberta's Child]

From what I heard on a radio interview last week with a lawyer/accountant who is familiar with the legal technicalities of this kind of case, Sterling's real motivation is that he needs to get this case into a courtroom so he can claim that the NBA is forcing him to make the sale in a legal process instead of under the NBA's governing bylaws. From what this guy said, there are very favorable capital gains tax rules if you are being forced against your will to sell an asset in a legal process. This kind of thing is usually found in eminent domain proceedings. If I paid $500,000 for a commercial building and it's worth $2 million a couple of decades later, I am on the hook for capital gains taxes on the $1.5 gain if I sell the asset today. But from what this lawyer/CPA said, there is a more favorable tax treatment if I am forced to sell it to the state against my will so they can build a highway or public school there.

We'll see how this unfolds, I guess.

[biff]

Where’s that cotton picking deer chowing down on the popcorn?

[InvisibleChurch]

Local (Indianapolis) sportscaster, Dan Dakich, predicted this from a Day One.

[aquila48]

I’m starting to like this guy.

[aquila48]

He ought to go after some of the players as well - I’m sure that’s a target rich environment.

[SmokingJoe]

“Donald has no case.”

No. Th NBA has no case.

[moovova]

Ask and you shall receive...

[luvbach1]

Oh, they will find stuff all right.

[luvbach1]

I know what mentally incompetent means. Is that the same as medically incompetent?

[A CA Guy]

They could get rid of him because the league is private and all those entering have to sign papers saying you have to go by their rules.

Sterling made the mistake of letting his views on sensitive topics see the light of day into the media.
I agree with him in getting all these investigators to get the stuff on others, why should he be the only one not getting a free pass?

[GSWarrior]

Just go away.....

[McGruff]

I was going to say the same thing. This could be entertaining.

[Lonesome in Massachussets]

He ought to go after some of the players as well - I’m sure that’s a target rich environment.

You are presuming any of them have a sense of shame or an ounce of decency. Facts nowhere in evidence.

[B4Ranch]

Revenge is a dish best served cold.

[Dante3]

Should be fun.

[aquila48]

True, but it doesn’t hurt to show theirs and the medias hypocrisy. Time to shine some light on those sanctimonious hypocrites.