Rush made a good point about Donald Sterling and his capital gains tax. Should the NBA reimburse Sterlings 200 million selling the clippers?

Question

if he is forced to sell the team? He would be able to transfer it to his family without having to pay the capital gains tax, and do some magic accounting work to drive the capital gains down to zero. He shouldn't have to take a financial and tax loss for making statements that some in society disagree with, or whether they upset retail corporations.

The Analyzer · Answer

I think it should be up to the courts what happens to Donald Sterling's ownership status and if the NBA should pay Sterling money to give up his ownership. In my opinion, the Sterling family should sell the team they would eventually get paid high returns (Sterling bought Clippers for $12 million in 1981 and team can be worth $1 Billion dollars).

I read an article that NBA lacks authority to force owner to sell team but if he sells, it's a win in his favor

http://msn.foxsports.com/college-football/outkick-...

I read an article that NBA lacks authority to force owner to sell team but if he sells, it's a win in his favor

http://msn.foxsports.com/college-football/outkick-the-coverage/nba-lacks-the-authority-to-force-donald-sterling-to-sell-the-clippers-050114

davidmi711 · Answer

If he did not want to withstand that type of scrutiny then he should have not signed the NBA franchise agreement. If he does not sell the NBA can revoke the franchise and he would not have anything to sell.

Mike · Answer

Sterling only owns 50% of the team.  His wife owns the other 50%.  It isn't going to be as easy as people think.

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Rush made a good point about Donald Sterling and his capital gains tax. Should the NBA reimburse Sterlings 200 million selling the clippers?

3 Answers