Montenegro temporarily exempts Saudi citizens from entry visa requirement    King Salman, Crown Prince condole death of Iran's President Raisi    Saudi Finance Minister leads delegation to Beijing for key economic talks    Minister Al-Khateeb: Saudi Arabia will become a global aviation hub    Al-Jasser: Reform in aviation rules to facilitate achieving 300 million passengers and 250 destinations    Iran declares five days of mourning for president    China hits back at US and EU as trade rows deepen    Taiwan's new president sworn into historic third term for ruling party    US reaches agreement with Niger to withdraw military forces by September 15    Elon Musk launches SpaceX's satellite internet service in Indonesia    Cloud Seeding Program plans to cover Makkah and Holy Sites using ground-based generators    Saudi Arabia bans import of vehicles from 20 automakers that failed to submit supply plan    Oleksandr Usyk claims undisputed heavyweight title in 'Ring of Fire' match in Riyadh    Saudi Arabia: The emerging cultural powerhouse shaping global soft power dynamics    Jorge Jesus praises Al Hilal's resilience after dramatic last-minute draw in Riyadh Derby    Star golfer Scottie Scheffler arrested over alleged assault on police officer    Saudi Arabia joins International Agency for Research on Cancer    Row erupts over portraits of Australia's richest woman    Al-Ittihad's victory drought continues, misses chance to qualify for ACL elite    Indian spices face heat over global safety concerns    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sterling's ouster would lead to uncertain future
Published in The Saudi Gazette on 01 - 05 - 2014

Following the National Basketball Association's announcement of a lifetime ban for Los Angeles Clippers' owner Donald Sterling, Clippers' fans protest inside the Staples Center before the Clippers' Game 5 against the Golden State Warriors in Los Angeles Tuesday. — UPI
LOS ANGELES — While Donald Sterling's lifetime ban from the Los Angeles Clippers was greeted with widespread acclaim, NBA Commissioner Adam Silver's decision raised a host of new questions for the owner's long-troubled franchise.
The Clippers took the court for Game 5 of their first-round playoff series with the Golden State Warriors Tuesday night in an arena nearly free of visible advertising, but full of roaring fans. And the team beat the Golden State Warriors 113-103 to lead series 3-2. Many of the Clippers' sponsors ended or re-evaluated their relationship with the team in the wake of Sterling's incendiary racial remarks.
It's too soon to know whether Silver's sweeping ruling will return those sponsors to the Clippers and the NBA, but the Clippers' long-suffering fans in attendance appeared to lose little faith in their players.
“My message to the Clippers fans is this league is far bigger than any one owner, any one coach, any one player,” Silver said. “This institution has been around for a long time, and it will stand for a long time, and I have complete confidence in Doc Rivers, in the basketball management of that club, and the players deserve their support. They've just been through an incredibly difficult incident in their lives.”
The Clippers' top executives are unlikely to be shuffled in the short term, particularly while the team is still involved in the NBA postseason. Team President Andy Roeser has been a loyal Sterling employee for many years, while Rivers also has a say in personnel decisions.
After the news of Sterling's comments broke last weekend, Rivers clearly questioned whether he would stay with the team that pried him away from the Boston Celtics a year ago with a lucrative contract. The championship-winning coach said he still hadn't made up his mind before Game 5.
“I had given it zero thought, as far as that goes,” said Rivers, who briefly played for Sterling with the Clippers. “Obviously, Adam's decision, if there was going to be one, makes mine easier.”
In the first few hours after Silver's landmark decision, the Clippers didn't know whether Sterling's wife, Rochelle, would be eligible to take a leadership role with the team in Donald Sterling's absence. Donald Sterling wasn't a micromanaging owner, but the 80-year-old real-estate mogul still presided over the team's major decisions, including the hiring and firing of innumerable executives and coaches in the past three decades.
“There have been no decisions about other members of the Sterling family,” Silver said. “This ruling applies specifically to Donald Sterling and Donald Sterling's conduct only.”
That language likely means Rochelle Sterling, who has been estranged from Donald Sterling for many years, is still welcome for now at the Clippers' games at Staples Center and their state-of-the-art $60 million training complex built in Playa Vista in 2008. The NBA hasn't yet specified or determined what her long-term future with the Clippers might be.
Rochelle Sterling has played a nebulous role in running the team in the past, and it's conceivable she could be allowed to assume a figurehead position in Donald Sterling's absence before the sale of the team, which could drag on for months and years if Donald Sterling is determined to fight.
Despite years of separation, the Sterlings co-own many items in their vast wealth portfolio under California's community property laws.Despite the urgency of the potential move, Sterling seems almost certain to get the highest sale price in history for an NBA franchise if he is indeed forced to sell — something he is famously loathe to do with any of his possessions, particularly in his real-estate empire. Even after decades of incompetence under Sterling's watch, the Clippers are a successful team located in glamorous Los Angeles — and they're about to get much more valuable.
That's because the Clippers' television contract with Fox Sports is up after the 2015-16 season, and they're the only franchise in the nation's second-largest media market that will be up for bid soon. Fox needs to keep the Clippers after losing the Lakers and the Dodgers to those teams' own Time Warner Cable-backed networks, but both of those new networks seem likely to bid on the Clippers' rights as well.
If the Clippers go on sale, the potential buyers would include several of the world's wealthiest men.
Magic Johnson, Mark Walter and their Guggenheim Partners group in the billion-dollar purchase of the Los Angeles Dodgers are possible bidders for the team. Billionaire music mogul David Geffen and real-estate tycoon Rick Caruso both have already indicated interest.
Patrick Soon-shiong, the biotech billionaire often described as the richest man in Los Angeles, bought Johnson's share of the Lakers in 2010, but could be interested in owning his own team. Oracle CEO Larry Ellison has attempted to purchase several sports teams in recent years, but been rebuffed despite his vast fortune.
Perhaps the buyer could come from elsewhere, too: Boxer Floyd Mayweather Jr. and music mogul Sean Combs both claimed interest in buying the team Tuesday.
Financial interest in professional sports franchises is at an unprecedented high. The small-market Milwaukee Bucks attracted nine bidders before selling for $550 million to finance executives Marc Lasry and Wesley Edens. — AP


Clic here to read the story from its source.