He's banned for life, $2.5 million fine and will be forced to relinquish his shares.
He's banned for life and fined, but where did you hear that he will be forced to sell his shares of the team?
I see this as a bad move by the NBA. With sponsors dropping and Sterling admitting that the words on the tape were his, it looked as if he was on his way out by his own choice. By the NBA stepping in, they're setting a precedent here. Are they going to ban players or anyone for life when they make inflammatory racist statements? They've opened themselves up to a lot of problems down the road, and I think Mark Cuban made a good point that you need to be careful when dealing with the rights of owners.
IIRC, I read that they're governed by a private set of bylaws which would permit the forced sale. It's not unheard of either, Inks. Jimmy Haslam over in NFL-lane may have found the same fate over the Flying J debacle.
