26 Aug

Inside the Clippers blog: Donald Sterling scandal: USC law, business experts analyze Clippers’ next ownership, legal challenges

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Below is a select Q&A with USC law professor Jody Armour and USC law & business professor Michael Chasalow surrounding the NBA’s step in both finding an ownership group to replace Donald Sterling and the potential legal challenges ahead:How do you think the process in finding a new owner panning out?Armour: Sterling bought the franchise for virtually nothing and it has increased. It’s gone up in value exponentially since he initially purchased it and it has great players with Chris Paul and Blake Griffin and is a playoff contender and in Southern California in a metropolitan and media hub. I’m thinking upwards of $700-800 million. But if they make a run in the playoffs, more folks could see this as an opportunity not just to get a great team, but to get a great team that has a certain cache and certain amount of public attention focused on it. The new owner can come in and say he has a new vision and spark a lot of goodwill that comes from that kind of story. I think it could be very valuable. If you get a bidding war going, what determines value is markets. It could break the billion mark if you had folks who saw something that is beyond a fixer upper. It’s in move-in condition, not quite mint condition, but move-in condition with a high upside with profit potential.Read the full blog post Q&A here: http://www.insidesocal.com/clippers/2014/04/30/donald-sterling-scandal-usc-law-business-experts-analyze-clippers-next-ownership-legal-challenges/last_img

Leave a Reply

Your email address will not be published. Required fields are marked *