Re: Donald Sterling Receives Lifetime Ban And 2.5 Million Fine !
Of course he loses out ...if he sells he is going to have to pay taxes on that sale ...on top of that he is going to have to pay the court fees and all the other shit he is going to have to go through which I am sure he will go through just to throw his dick around.
He is also going to lose tons of sponsors if not all most of them ...
As for the ongoing finances for the team, a dozen sponsors announced on Monday they had ended or suspended sponsorship deals. But it's not clear how many have actually stopped making payments to the team.
Sports marketing consultant Marc Ganis said it's unlikely that sponsor contracts would allow them to cancel due to comments made by Sterling or similar controversies.
"[Sponsors] don't want to be connected with a brand as reviled as the Clippers brand is at the moment," said Ganis. "But they still may be required to make payments by the existing contracts."
After the NBA announced its actions, two sponsors -- Adidas and Samsung -- applauded the moves and announced they would resume their business relationship with the team.
Several other companies said Tuesday afternoon they would monitor the situation and make a decision in the future.
Silver said Tuesday he is hopeful he will be able to win them back.
"I would say the marketing partners of the Clippers and partners of the entire NBA should judge us by our response to this incident," he said.
"I'm hopeful there will be no long-term damage to the league or to the Clippers organization," he said. "I can understand how upset [the corporate sponsors] are, and I'll do my best to bring them back into the NBA family."
Even if the Clippers take a revenue hit, the team is well positioned to stay profitable.
The team already turns a healthy profit on relatively low revenue, according to sports business experts.
The Clippers brought in $128 million in annual revenue in the most recent year, according to the most recent estimates by Forbes. That places the team's revenue near the bottom among the NBA's 30 teams. But the Clippers still turned a $15 million profit, Forbes estimates.
"This is a team that historically had low revenue and low attendance, and made money in spite of that," said Ganis.
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Originally Posted by Wolfhunter0313
