Re: sterling suing EVERYBODY
[QUOTE=niko]People look at this wrong. As soon as you say "illegal" you are looking at it wrong. As soon as you are saying he's being forced to give up property like a house, etc., you are looking at it wrong.
This is more akin to you being in a business with a partner, and the partner's presence becomes toxic and no longer allows the business to run. Would you keep the partner? And lose the business? Or remove the partner?
The NBA is removing a partner.[/QUOTE]
Can you force a partner to sell his portion of ownership?
Re: sterling suing EVERYBODY
Re: sterling suing EVERYBODY
[QUOTE=Riley Martin]Can you force a partner to sell his portion of ownership?[/QUOTE]
Not easily, without an established contractual agreement or a court ruling.
[URL="http://www.entrepreneur.com/answer/222263"]http://www.entrepreneur.com/answer/222263[/URL]
[URL="http://business-law.freeadvice.com/business-law/corporations/expel-minor-partner-from-business.htm"]http://business-law.freeadvice.com/business-law/corporations/expel-minor-partner-from-business.htm[/URL]
Re: sterling suing EVERYBODY
[QUOTE=Riley Martin]Can you force a partner to sell his portion of ownership?[/QUOTE]
if you no longer have the license to operate the business.
I consider that to be the same.
Re: sterling suing EVERYBODY
[QUOTE=Riley Martin]Can you force a partner to sell his portion of ownership?[/QUOTE]
You can if the partner signed documents recognizing your ability to remove him should he become a liabilty..
Sterling signed such agreements when he became an NBA franchise owner
Re: sterling suing EVERYBODY
I think it's funny in a dark sort of way how things were finally starting to look up for the clippers and now they're getting mucked up again. The curse lives on I guess. I can't believe Ballmer is idiotic enough to be willing to pay that much, and Sterling is and even bigger idiot for trying to kill it.