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|  05-23-2014, 09:06 AM | #1 | 
| Pay It Forward Industry Role:  Join Date: Sep 2005 Location: Yo Mama House 
					Posts: 77,250
				 |  Report: Donald Sterling Agrees to Give Up the L.A. Clippers  The Donald Sterling disaster may actually be coming to a close much sooner than anyone expected. TMZ reports that Sterling has given full control of the Los Angeles Clippers to his estranged wife, Shelly, so that she can negotiate the sale of the team with the NBA. ESPN Los Angeles's Ramona Shelburne and ABC News in Los Angeles also report that the Sterling has agreed to sign the team over to his wife, in order facilitate a voluntary sale. According to ESPN's sources, Shelly Sterling has been in talks with the NBA for some time. If her camp successfully negotiates the sale, it would stop the legal battle the NBA is gearing up for, in its tracks. It is unclear how this will affect the upcoming owners vote to remove Sterling as owner of the team, if he agrees to sell willingly. A NBA hearing on the matter is scheduled for June 3. full article... 
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|  05-23-2014, 09:07 AM | #2 | 
| Confirmed User Industry Role:  Join Date: Jun 2005 Location: concrete jungle 
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				 | You happy now? | 
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|  05-23-2014, 09:10 AM | #3 | 
| Pay It Forward Industry Role:  Join Date: Sep 2005 Location: Yo Mama House 
					Posts: 77,250
				 | 
				__________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com | 
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|  05-23-2014, 09:18 AM | #4 | 
| Femcams.com Industry Role:  Join Date: Jul 2011 Location: bjcam.com 
					Posts: 12,224
				 | No freedom of speech in america now? | 
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|  05-23-2014, 09:28 AM | #5 | 
| visit hardlinks.org Industry Role:  Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime 
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				 | at the end of every freedom lies a law. what law did he break? | 
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|  05-23-2014, 09:29 AM | #6 | 
| The People's Post Industry Role:  Join Date: Dec 2008 Location: invisible 7-11 
					Posts: 65,922
				 | pfft.  I hope all the anti-racist racists are happy that an illicitly taped private phone call will cost the man a few $100 million in taxes to sell the team.  That's quite the penalty for being a racist in your private life. | 
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|  05-23-2014, 09:30 AM | #7 | 
| Pay It Forward Industry Role:  Join Date: Sep 2005 Location: Yo Mama House 
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				 | the nba is not part of the government!     the nba has rules for franchisees! dont follow you are done!  for him to say such things with most of the team being black is beyond me. that middle eastern shit he talked he should be executed   
				__________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com | 
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|  05-23-2014, 09:32 AM | #8 | 
| Pay It Forward Industry Role:  Join Date: Sep 2005 Location: Yo Mama House 
					Posts: 77,250
				 | rules within the franchise! could you imagine if he said dont bring indians or mexicans? it would be much worse   everyone should be able to attend. well im taking time off. racist will always try to find some kind of angle. just remember this guy refused to rent apartments based on race. later gfy see you next month. 
				__________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com | 
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|  05-23-2014, 09:34 AM | #9 | 
| Let's Make Money Industry Role:  Join Date: Dec 2008 
					Posts: 8,784
				 | I hope they record all owners conversation and they will end up like Sterling. | 
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|  05-23-2014, 09:36 AM | #10 | 
| The People's Post Industry Role:  Join Date: Dec 2008 Location: invisible 7-11 
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				 | I wonder if there's anything within the rules that states if an owner makes racist comments in private that are illicitly recording by his scheming scuzzy gf, he must sell the team. | 
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|  05-23-2014, 09:38 AM | #11 | 
| Pay It Forward Industry Role:  Join Date: Sep 2005 Location: Yo Mama House 
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				 | it was the instruction that fucked him over. guess you can't understand. 
				__________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com | 
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|  05-23-2014, 09:45 AM | #12 | |
| The People's Post Industry Role:  Join Date: Dec 2008 Location: invisible 7-11 
					Posts: 65,922
				 | Quote: 
 That chip on your shoulder clouds your view of reality, else you could see the hypocrisy in the league letting the players dictate what happens. | |
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|  05-23-2014, 09:56 AM | #13 | 
| Porn Meister Industry Role:  Join Date: Feb 2005 
					Posts: 16,443
				 | What the fuck does any LAW have to do with being an old racist asshole? wtf is going on in this place lately. He's a RETARD, not a law breaker. Happy now? lmfao 
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|  05-23-2014, 09:58 AM | #14 | 
| Liv Benson to You, Bitch Industry Role:  Join Date: Aug 2007 Location: Maryland and WV 
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				 | Yes, we finally won !  
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|  05-23-2014, 09:59 AM | #15 | 
| Icq: 14420613 Industry Role:  Join Date: Mar 2001 Location: chicago 
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				 | he will make a nice profit from the sale   
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|  05-23-2014, 10:05 AM | #16 | 
| Liv Benson to You, Bitch Industry Role:  Join Date: Aug 2007 Location: Maryland and WV 
					Posts: 6,060
				 | And pay close to $300 million capital gain tax 
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|  05-23-2014, 10:07 AM | #17 | 
| Liv Benson to You, Bitch Industry Role:  Join Date: Aug 2007 Location: Maryland and WV 
					Posts: 6,060
				 | You is being rasis, he say. Better watch your back now dogg. 
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|  05-23-2014, 10:08 AM | #18 | 
| Pay It Forward Industry Role:  Join Date: Sep 2005 Location: Yo Mama House 
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				 | its worth it! he will never step foot in there again!   maybe his ghost will   they are trying to make it ok for him refusing service to certain people. ok i better get going later. 
				__________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com | 
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|  05-23-2014, 11:22 AM | #19 | 
| working on my tan Industry Role:  Join Date: Mar 2005 Location: Florida/Kentucky 
					Posts: 39,151
				 | Un-fucking-believable !  Here you have a guy who's employees are 75% black, who told his Black and Mexican girlfriend he doesn't care if she fucks Black guys and he's losing his business for hurting feelings over a private conversation which has labeling him a racist. . | 
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|  05-23-2014, 11:31 AM | #20 | ||
| Confirmed User Industry Role:  Join Date: Nov 2010 Location: Where ever Delta flies 
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				 | Sad but very true. Exactly. Quote: 
 Quote: 
 Courtesy of the Tax Accountant ... Tax Code -Section 1033 Special tax treatment for people whose property has been stolen, appropriated by the government (i.e. eminent domain), or ?involuntarily converted.? Keyword is involuntarily. Keeping it simple, the approach is that if you have received money because someone took your "property" or "assets" away from you, you should not have to pay taxes on it, since you did not enter into the transaction voluntarily. 
				__________________ "The time men spend in trying to impress others they could spend in doing the things by which others would be impressed." | ||
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|  05-23-2014, 11:34 AM | #21 | |
| The People's Post Industry Role:  Join Date: Dec 2008 Location: invisible 7-11 
					Posts: 65,922
				 | Quote: 
 specifically: Section 1033 of the tax code provides a special tax treatment for people whose property has been stolen, appropriated by the government (e.g. eminent domain), or otherwise “involuntarily converted.” | |
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|  05-23-2014, 11:36 AM | #22 | 
| The People's Post Industry Role:  Join Date: Dec 2008 Location: invisible 7-11 
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				 | This insight is from Robert Raiola senior manager in the Sports & Entertainment Group of the Accounting Firm O'Connor Davies, LLP. Sterling reportedly purchased the Clippers for $12.5 million in 1981. If he sold the team today, it would be worth at least $600 million, perhaps closer to $1 billion. Between federal and state capital gains taxes, Sterling would pay an approximately 33 percent tax rate on the difference between what he paid for the team and what he sold it for.  For instance, if he sold the Clippers today for $1 billion, Sterling would pay capital gain taxes of 33 percent on a gain of $987.5 million. As a result, Sterling would owe Federal & state capital gain taxes of approximately $329 million. If instead Sterling holds onto the Clippers and some time from now passes away, his family would inherit the team. The family would inherit the team with a value pegged to its fair market value. As Raiola stresses, the new value of the team would be crucial for purposes of capital gains tax. Here's why: if the family inherited the Clippers and then sold it, they would only pay a capitals gain tax on the difference between the value of the team when they inherited it and the value of it when sold. For instance, if the family inherited the team and it was worth $700 million and then they sold it for $800 million, they would only pay capital gain taxes on a gain of $100 million. In that instance, there would be a comparatively modest tax bill of $33 million. If the Sterling family inherited the Clippers and simultaneously sold it, Raiola tells SI.com, they would pay no capital gains tax, but still have estate tax issues. However, a transaction could be structured whereby the employees of the Clippers organization could own a percentage of the team. In such case, the capital gain taxes on a sale could be partially or fully avoided. | 
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|  05-23-2014, 11:36 AM | #23 | |
| I AM JUSTDAVE ! Industry Role:  Join Date: Feb 2005 Location: LA 
					Posts: 4,111
				 | Quote: 
 But If he keeps the team; The NBA looks bad, the Clippers will surely be boycotted by fans, players, sponsors and maybe networks. This comes down to money and who will really loose out long term. I dont agree with the forced sale under the situation on how this tape was recorded, but there really isn't any other option. Money, Money, money!! Thats what its all about. Just Dave 
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|  05-23-2014, 11:44 AM | #24 | 
| working on my tan Industry Role:  Join Date: Mar 2005 Location: Florida/Kentucky 
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				 | Ok, we see Sterling is being punished. What about his girlfriend? Did she make the tape with the intention of collecting damaging evidence for her personal gain? If so why has the local District Attorney not pursued extortion charges. Fair is fair. Checking the law, one's a felony and the other is legal. . | 
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|  05-23-2014, 11:46 AM | #25 | |
| I AM JUSTDAVE ! Industry Role:  Join Date: Feb 2005 Location: LA 
					Posts: 4,111
				 | Quote: 
 She did this a "Fuck You" to sterling and his family. Just Dave 
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|  05-23-2014, 11:52 AM | #26 | |
| The People's Post Industry Role:  Join Date: Dec 2008 Location: invisible 7-11 
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				 | Quote: 
 Nevertheless, she's a snake in the grass, she has a rap sheet and 7 aliases. | |
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|  05-23-2014, 12:04 PM | #27 | |
| Registered User Industry Role:  Join Date: Apr 2014 
					Posts: 78
				 | Quote: 
 The DA isn't going after Donald Sterling either, that's where you people keep making fools of yourself. This isn't a criminal issue, being legal or not legal has nothing to do with anythiing. Its legal to smoke pot in CO, however if a NBA player smokes pot and fails a drug test he will be punished because he agreed to the terms set in the colective bargining agrreement when he signed his contract. Same as Donald Sterling agreed to the NBA by laws when he bought the franchise. Its has nothing to do with freedom of speech, it has nothing to do with what is legal or not, it has nothign to do with how the conversation was record.. all it has to do with the NBA is a business, they are like McDonalds Corporation, yes you can buy a franchise BUT you have to agree to a franchise agreement to do so if you violate that agreement they are prefectly within their rights to take away your franchise. Which is all they are doing. (in fact Sterling already agreed that he couldn't take this issue to court based on the agreement he signed when buying the franchise... at least not the franchise termination part. He could sue the NBA on anti-trust grounds, but he woudl have easily lost that too) | |
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|  05-23-2014, 12:18 PM | #28 | 
| Confirmed User Industry Role:  Join Date: Oct 2006 Location: Canada 
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				 | wouldn't your lips get sore after 200,000 blow jobs though? 
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|  05-23-2014, 01:53 PM | #29 | 
| Confirmed User Join Date: May 2008 
					Posts: 3,406
				 | I don't think he should have been forced to sell. But I hate basketball anyway, it's a useless sport. | 
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|  05-23-2014, 02:31 PM | #30 | 
| Porn Pusher Industry Role:  Join Date: Jul 2007 Location: It's a dry heat 
					Posts: 13,344
				 | 1 billion to buy the team, that would be 5000.00 per blowjob   
				__________________ | 
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|  05-23-2014, 02:39 PM | #31 | 
| Confirmed User Industry Role:  Join Date: Feb 2010 Location: California 
					Posts: 3,068
				 | The voice recording was not done in secret. Sterling knew the ex-gf was recording the conversation.  It was part of some sort of sexual fetish for him. That is why Sterling has not sued the ex-gf. And that is why the DA has not brought any criminal charges against the ex-gf. | 
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|  05-23-2014, 03:21 PM | #32 | 
| NAME THE JEW Industry Role:  Join Date: Nov 2007 
					Posts: 4,793
				 | Will he give up the name Sterling and revert back to Tokowitz? Thought not. | 
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|  05-23-2014, 03:23 PM | #33 | 
| Confirmed User Join Date: Aug 2007 Location: I'm from Downtown....Im from Mitch & Murry 
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				 | She agreed to negotiate the sale, BUT ONLY if she can keep a % interest.....which the league will never allow. | 
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|  05-23-2014, 03:34 PM | #34 | 
| So Fucking Banned Industry Role:  Join Date: Jul 2013 Location: Leeds United match 
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				 | Mandingo United 1 - Old Jew City 0 | 
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|  05-23-2014, 06:14 PM | #35 | 
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				 | Sterling fucked up. He should have went into the press conference and explained that it was part of sex play and he was just playing the part of humiliated cuckhold, that he was secretly into Magic banging his girl, while he watched, until it was time for him to eat her out after a few players had their way with her. He could have gone to "sex addiction" therapy and kept the team. 
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|  05-23-2014, 06:31 PM | #36 | 
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				 | Seriously, freedom of speech refers to the protection of political speech. http://en.wikipedia.org/wiki/Freedom_of_speech Private parties don't have to listen to your shit. They can fire you and tell you to shut the fuck up.  | 
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|  05-23-2014, 06:35 PM | #37 | |
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				 | Quote: 
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|  05-23-2014, 07:47 PM | #38 | |
| Liv Benson to You, Bitch Industry Role:  Join Date: Aug 2007 Location: Maryland and WV 
					Posts: 6,060
				 | Quote: 
  
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|  05-23-2014, 07:52 PM | #39 | 
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|  05-23-2014, 07:53 PM | #40 | 
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|  05-23-2014, 08:02 PM | #41 | 
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				 | I love how fellow blowhard racist Cuban is showing his true colors too.  I call it "Midas" syndrome. I have met a couple billionaires and they tend to think that everything that they do or say is golden, and have a pronounced tendency to think that they own people, and secretly long for a return to plantation life. Owning basketball teams is their way of indulging their Master/slave fantasy. 
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|  05-24-2014, 12:18 AM | #42 | |
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				 | Quote: 
    Too funny! 
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|  05-24-2014, 12:39 AM | #43 | |
| Work Work Work Industry Role:  Join Date: Nov 2008 Location: EU 
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				 | Quote: 
  pretty sad, though. 
				__________________ | |
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|  05-24-2014, 02:39 AM | #44 | |
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				 | Quote: 
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|  05-24-2014, 03:55 AM | #45 | 
| So Fucking Fabulous Industry Role:  Join Date: Apr 2003 Location: Indiana 
					Posts: 11,375
				 | I'm happy this is turning out this way. Sterling has been a lifelong racist and he's not being thrown out for this one tape. He's being thrown out for all the racist remarks and actions of his past that they weren't able to prove in a court of law or otherwise.   
				__________________ | 
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|  11-21-2014, 03:58 PM | #46 | 
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