Sterling is smart like a fox. If he is forced to sell, the tax laws say that he does not have to pay taxes on the sell. Not even capital gains. For now, he plays the injured party, raises the price, then sells at the top of the market and skips the tax man ... laughing all the way to the bank (and on his way back home).
Can you site that law? That's interesting?
So Sterling has a HUGE motivation to have staged this whole thing?
“If he is forced to sell, the tax laws say that he does not have to pay taxes on the sale”
Is that really true?
Yep —
and in the meantime the NBA isn’t sure who owns the team — he or his wife — and who to file their sanctions against — he or his wife.