Will Sterling Buy the Angels?

[Quinlanforthewin]

Ok, I applaud the thought process in this.  And if the stadium deal falls through, I can see it happening.  

 

From the hypothetical you gave, that is a great incentive for Sterling to buy.   And for the stupid price that is expected for the Clippers.  This is the damn Clippers mind you.  Not even in the hemisphere, although I wish they would burn in hell, especially that fat tub of lard that does the shoe commercials, of the Doggies.  2 billion for the Clippers is just absurd.  Even if he offers $1 billion for the angels, considering Arte paid 1 and change, and if his deal for the stadium is indeed in dire straights.  It's possible.

 

But there is that whole thing he said.  And MLB probably would not approve of the sale.  

 

In the end though.  A bigger threat might not be the Angels, but the land in which the Angels are on.  Because the MLB has no say in who buys that.  

 

Probably would not? There is a greater chance of Raul Ibanez hitting .400 this year than there is of the MLB approving Sterling as an owner.  It would ruin the league.  C'mon.  

[ten ocho recon scout]

Sterling would probably be a good baseball owner.

I mean, he only has a problem with black guys.....not imposters.

[LAAMike]

I do not think that buying property (the Angels parking lot) would be considered a "like" purchase under the 1033 rules so that is why I suggested buying another sports team which would be a "like" exchange.  The poster that suggested a soccer team purchase for Sterling will probably win the prize for the best guess. 

[Taylor]

Maybe.

 

If it's this Sterling:

 

[Blarg]

Sterling would probably be a good baseball owner.

I mean, he only has a problem with black guys.....not imposters.

Sterling would be the kind of owner that would ensure the Angels have the first pick in the draft every year.

[tomsred]

Sterling would be the kind of owner that would ensure the Angels have the first pick in the draft every year.

The scary part is that a number of posters would like that.

[ukyah]

nobody can possibly believe that any organization would have anything to do with sterling. he's down and out, and once the clippers are sold out from under him the next time you hear of him will probably be his death from prostate cancer.

[seenoevil]

He's going to buy the Dodgers

[Lou]

Hmmmm

How many black guys do we have on our roster?

[ABC]

i'm expecting another weird attempt at a joke to follow...see 'big a' thread.

[Slegnaac]

Maybe he buys the LA NFL franchise

[YouthofToday]

Sterling will never own another franchise in the big 4 sports ever again. I'll bet my 401k on it.

[Oz27]

Raul Ibanez is more likely to break the single-season home run record this year than Donald Sterling is to ever own an MLB franchise.

[nate]

I am sure MLB would love to have him as an owner...  Instant approval.

[LAAFANofLA]

Wow. You'd be a good fit writing for Yahoo!

[yk9001]

This thread is stupid on so many levels, but even the opening premise doesn't fit:

 

Under Section 1033, an involuntary conversion is defined as a destruction or loss of the property through casualty, theft or condemnation action pursuant to government powers of eminent domain, and the resulting compensation from such destruction or condemnation. [iRC Section 1033(a)].

Even though the sale and/or compensation for the property were essentially forced on the taxpayer, the taxpayer is still liable for any capital gain tax liability on the compensation received. However, if the property is subject to an “involuntary conversion”, the taxpayer has the ability to defer the payment of the depreciation recapture and capital gain taxes on the involuntary conversion under the non-recognition provisions of Section 1033. [iRC Section 1033].

You tell me how Sterling selling the Clippers fits any of the bolded above.  It has to be casualty or theft or eminent domain by the government.

[yk9001]

Has the OP even seen any of the donald sterling interviews the past few weeks?

 

Someone in authority made official what anyone with a brain could see... that he's mentally unfit.

 

http://www.usatoday.com/story/sports/nba/clippers/2014/05/30/donald-sterling-mental-health-shelly-los-angeles-sale-steve-ballmer/9754549/

 

 

But yeah, he can buy the Angels.

[Kevin]

You guys are way off. He's lining up to be the next commissioner.

[happybat4]

This must be a troll thread

[stormngt]

This is such an absurd topic.  I can't believe it is even on page three.

[hats4bats]

Red Sox maybe

[19HALO71]

That would be AWESOME!!!! I would spend all day on AW.com.