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CNN New Day Saturday May 31, 2014 11:05:00 - Vimarsana News

CNN New Day Saturday May 31, 2014 11:05:00

Principally because he wants to make money. this is someone who's going to take 10% of their net worth and they're going to buy a sports team in l.a., which is going to give them a lot of prestige. >> reporter: for $2 billion, there's plenty of prestige. a way for the wealthy to diversify investments and we a salary cap in place, nba owners can be protected from dipping into their own pockets. >> steve ballmer knows if you had runs this team somewhat prudently he's not going to have to put any capital in to the team. >> if you have $20 billion. >> not a bad thing. >> reporter: in january, his ...

CNN New Day Saturday May 31, 2014 10:10:00 - Vimarsana News

CNN New Day Saturday May 31, 2014 10:10:00

Consent. he's not going to consent. >> reporter: blecher and sterling are suing the nba for $1 billion in damages calling for sterling's lifetime ban from the league and his $2.5 million fine to be lifted claiming the nba's case against sterling relies entirely on an illegally recorded conversation. it's not clear if the lawsuit would interfere with the sale of the clippers. hours earlier, blecher told us sterling would look at the sale to steve ballmer and decide where to go from there, saying, "he doesn't want to fight with shelly. that's the bottom line." >> anything's possible with donald ...

CNN New Day Saturday May 31, 2014 11:35:00 - Vimarsana News

CNN New Day Saturday May 31, 2014 11:35:00

Pursued different theories of liability against the nba and different theories of why he should be able to keep his team. so certainly if you look at this like the, they are, shelly sterling, the sterling trust, and donald sterling, are all imin aed plaintiff ei named plaintiffs in the lawsuit, yeah, all one plfr acting together, but at different times in the course of this very odd proceeding, they have seemed to be, taking an adversarial relationship. we will see very much in the next few weeks how they circle their wagons. >> i just want to say, circling back for a second on victor's point,...

CNN New Day Saturday May 31, 2014 11:06:00 - Vimarsana News

CNN New Day Saturday May 31, 2014 11:06:00

Humanly possible. >> reporter: the $2 billion price tag could help send the values of some of the league's most valuable franchises soaring. >> i don't think you'll be able to buy a big market nba team for less than $3 billion. >> and it is worth pointing out here that donald sterling bought the clippers for $12 million back in 1981. given this sale agreement to steve ballmer, the nba said it cancelled the june 3rd meeting during which the other nba owners would have voted to try and force donald sterling to sell the team, but there will still have to be a vote. the other owners will still hav...

CNN New Day Saturday May 31, 2014 11:32:00 - Vimarsana News

CNN New Day Saturday May 31, 2014 11:32:00

If i said to you you had to sell your car within the next 24 hours, do you honestly think you could get just as good a deal as if i gave you six months to do so? that's essentially this creative antitrust argument, that the nba is a market, and there is serious competition for these nba teams and ownership of these nba teams. so if you force someone to sell, you can't rely on the people who want to buy the nba team to not try to minimize the price as much as they can. just like a potential buyer of your car that you put up on ebay or craigslist, if you had to sell within 24 hours because you h...