April 30, 201412 yr Lots have been mentioned. Here is a list: Magic Oprah Floyd Mayweather Matt Damon So anyone else? Does the team go to highest bidder or how is that done?
April 30, 201412 yr Lots have been mentioned. Here is a list: Magic Oprah Floyd Mayweather Matt Damon So anyone else? Does the team go to highest bidder or how is that done? There is a set of procedures in place. Essentially, the various prospective buyers all make bids and the other 29 NBA owners vote on who gets to make the purchase. Nobody gets admitted into the NBA as an owner without the others signing off. That all assumes that the other owners have a procedure to strip Sterling of his franchise and follow through with it.
April 30, 201412 yr Lots have been mentioned. Here is a list: Magic Oprah Floyd Mayweather Matt Damon So anyone else? Does the team go to highest bidder or how is that done? None of these listed, have the jack to become the sole owner. If they're part of a group, it's probably not because of the cash they're bringing to the table. Oprah's fortune, for example, pales in comparison to Larry Ellison's...yet she's the one getting the press of the group.
April 30, 201412 yr I saw David Geffen's name in a headline as being interested. I think he's in the group with Ellison and Oprah.
April 30, 201412 yr I'll go in halves with someone! Let me reconcile my bank statement and I'll get back to you.
April 30, 201412 yr Thanks, pretty powerful group.That is the group. Ellison and Geffen would run the team. Oprah has stated she just wants to be an investor.
April 30, 201412 yr Lots have been mentioned. Here is a list: Magic Oprah Floyd Mayweather Matt Damon So anyone else? Does the team go to highest bidder or how is that done? I know one thing. The applicant will be the most scrutized person or group on the planet!
April 30, 201412 yr None of these listed, have the jack to become the sole owner. If they're part of a group, it's probably not because of the cash they're bringing to the table. Oprah's fortune, for example, pales in comparison to Larry Ellison's...yet she's the one getting the press of the group. You sure about that? Oprah has a net worth of $2.9B according to a quick google.
April 30, 201412 yr Long legal battle to be hand before it comes to this. I see that as well. I also see him causing problems for the NBA on his way out.
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