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View Diary: Abbreviated Pundit Round-up: NBA and racism, and other stories that matter (107 comments)

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  •  A thought occured in connection to Sterling and (10+ / 0-)

    the windfall to him in a forced sale. Kind of like the value of the Titanic pre and post iceberg. Market forces should apply. This, from an article on the legal aspects indicates why:

    “He may be a belligerent S.O.B., but he’s not insane,” said Gary R. Roberts, a professor of sports law at Indiana University. “I don’t think that the other league owners are going to be able legally to kick him out. But they’re not going to have to. This guy doesn’t want to own a business that will be bankrupt in short order.”
    The brand is bad. Sponsors are bailing. Fans and players are watching. The franchise's "value" today cannot be what it was two weeks or a month ago. The offer should economically now be far less that before the brand was so damaged and, if there is no change in ownership, will continue to be damaged.

    Half a billion and sinking with every day the Sterling name continues to be associated with the brand.

    The only foes that threaten America are the enemies at home, and those are ignorance, superstition, and incompetence. [Elbert Hubbard]

    by pelagicray on Wed Apr 30, 2014 at 05:07:22 AM PDT

    [ Parent ]

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