Says. Now, that was just one of the tapes released earlier by tmz. Here is another tape. Take a listen to this one. Ross, this has created a firestorm within the nba. Reporter yes, this is uncharted territory for the league. This is Donald Sterlings first crisis hes facing. No one knows what he has powers over, but he said he has broad powers to protect the league. Many believe that commissioner adam silvers will issue a hefty fine. Because 15 sponsors have already abandoned the clippers, and well see what happens from this point on. Were see Team Clippers and other teams coming forward and doing acts of protest courtside, bad news at the worst possible time. This has been a banner year. But of course this is a shadow over the league. Its one of those things where were banding together. Lebron james has been speaking out against Donald Sterling wearing the black socks and black arm bands. Adam silver must make a stand, this will be the first thing that he does, and he needs to protect
Donald sterling. Any moment now, nba commissioner ad sam silver will make an adam silver make announcement on the investigation. Lets go straight to the our panel and i inspiration for jerry maguire, Leigh Steinberg, we have sports attorney lee olenick and sports Business Journal adam kaplan and fox newss brian kilmeade. Give me the legal perspective on this one. What can he do. What he can do the commissioner can suspend him indefinitely and fine him up to 2. A Million Dollars. Constitution and within the bylaws allows for that. He can get rid of him. Melissa lee, that is not really get rid of him. Do you feel like that is meaningful punishment . If he suspended not doing business at work but could do anything from anywhere. A few Million Dollars will not make a difference for somebody worth billions. Do you that is meaningful. Whats going to happen here, they will indefinitely suspend him and they will start pushing to get the franchise transferred over. This is his last day as activ
50 million in the los angeles area. We will get reactions and analysis from our roundtable. Bloomberg Sports Reporter is with us when new york. Andy dollars is in San Francisco. We are joined by the former executive director of the nba players association. Been coveringe this story and we are talking about the economics of this. We are seeing sponsors dropping by the wayside. Was this unexpected . Not unexpected. There are two levels to this whole controversy. Backlash about the comments that sterling allegedly made and then there has been the financial aspect. Another aide have said that they will wait and see what happens, putting things on pause. Bad,nly were the comments it is also hurting the bottom line of the team and maybe the nba. As an just spoke about the bottom line here. What kind of damage control does a professional sports team have to go through when Something Like this hits . This isnt just the la clippers, this is the nba, a global brand. Racism is radioactive, no mat
And its been trading around that price right now. I should point out, on this incredibly newsy day, as youve been hearing, roger goodell, the nfl commissioner will be holding a News Conference. Hes expected to talk about the Domestic Violence issues that have plagued the nfl for the last couple of weeks to perhaps talk about an overhaul of the personal conduct code in the nfl and talk about the work that they are doing but well get to that as soon as the News Conference gets under way. We will be, with the apology of the choppy nature of what is happening in the markets today. This is where it all happened today. Were waiting for the pricing action to begin. The dust has settled. This area was wall to wall, shoulder to shoulder with hundreds of people this morning. But Stocks Holding up pretty well. 92. 70 is where it was traded but, remember, when jack ma wanted to personally choose all of the shareholders, that meant they would be choosing people that they thought would be holding on
Diego to los angeles in the early 80s. Were hearing if thats going to happen right now, adam silver is literally minutes away from making this announcement at a press conference in i believe its in new york. Yes, this is happening at nba headquarters in new york city. According to you, you believe that there will be an indefinite suspension and a 5 million fine. Its my understanding that Donald Sterling is worth 1. 9 billion. So this really wont hurt him, will it . Well, not really in his bank account. But his reputation has been obliterated. And the fact that the nba gets to keep him away from the league, some will say its a victory. Others say its not strong enough. But adam silver is acting with the most power he can. This is the fullest extent of his power to suspend him indefinite lit and try to pressure him out of the league, to leave the team and to sell it to somebody else. Were told that his family members immediately family members wont be affected by the suspension. They wil