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NBA Bans Player For Life After Betting On Games: How A Potential Fake Illness Almost Won $1 Million
Thursday, April 18, 2024 - 3:00pm | 892An investigation into the sports betting activity of Jontay Porter led to his becoming the first NBA player given a lifetime ban for gambling activities in over 70 years. He is also one of the few people to get a lifetime ban from the league by current commissioner Adam Silver. What Happened: The...
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New York Knicks Owner Faces Lawsuit, Could Legal Troubles Lead To Sale Of NBA Team? Madison Square Garden Sports Could Excite Sports Fans, Investors
Wednesday, January 17, 2024 - 7:47pm | 949There are a limited number of publicly traded sports teams available for investors across the various North American sports leagues. One public company offers ownership of a leading National Basketball Association and National Hockey League team and enters the spotlight with potential legal...
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Finals Shape Up, Ballmer's Buy: Sports Business Wrap For The Week
Sunday, June 1, 2014 - 7:54pm | 476Top Stories Ballmer Buys Clippers Former Microsoft CEO Steve Ballmer reached an agreement to purchase the Los Angeles Clippers. His bid of $2 billion is three time larger than any previous sale of an NBA franchise. The sale must still be approved by the NBA Board of Governors. Donald...
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Donald Sterling Rumored To Let Wife Sell His Clippers Franchise
Friday, May 23, 2014 - 2:31pm | 361The saga of Los Angeles Clippers owner Donald Sterling continues. Sources have reported to several media outlets that Sterling will allow his wife, Shelly Sterling, to negotiate the sale of the Clippers. A key uncertainty that remains is how much of the team Shelly Sterling is interested in...
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Van Gundy Returns, WWE Falls: Sports Business Wrap For The Week
Sunday, May 18, 2014 - 5:37pm | 531Top Stories Stan Van Gundy Heads To Detroit After being out of the game for two years, Stan Van Gundy will be joining the Detroit Pistons. He became the team's head coach and President of Basketball Operations, something just two other franchises can claim (San Antonio Spurs, Los Angeles...
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Turmoil In Los Angeles: Sports Business Wrap For The Week of April 28
Sunday, May 4, 2014 - 5:54pm | 434Top Stories NBA Bans Donald Sterling For Life Commissioner Adam Silver came down strongly on the Los Angles Clippers owner, fining Sterling the maximum allowable fine and banning him from the Clippers and the NBA forever. The league owners will hold a vote that will determine whether or not...
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5 Candidates To Purchase The Los Angeles Clippers
Wednesday, April 30, 2014 - 12:30pm | 1049The state that voted the biggest action movie star ever its governor and whose capital city's mayor-ship is in the hands of a former NBA all-star may have its once sad-sack franchise open for bidding. The fun is just beginning. Donald Sterling will soon be out. That's the plan NBA...
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NBA Brings Down The Hammer On Clippers' Owner: Now What?
Tuesday, April 29, 2014 - 4:09pm | 1003NBA Commissioner Adam Silver is just three months into his job, but has already set a precedent that could define him for a lifetime. "I will urge the board of governors to exercise its authority to force a sale of the team," said Silver on Tuesday afternoon. Following the league'...
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Donald Sterling 'Controversy' Goes Far Beyond The Tape
Tuesday, April 29, 2014 - 4:01pm | 1368“I didn't see this coming; I saw this happen.” That sums up Bomani Jones' feelings on the issue of Donald Sterling. Over the weekend, TMZ released an illegal audio recording of a private conversation Sterling had with his young mistress (Sterling has been married to his wife, Shelly, since...
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CarMax First To Pull Advertising From Clippers After Racist Remarks
Monday, April 28, 2014 - 1:54pm | 578Los Angeles Clippers owner Donald Sterling learned that derogatory comments about race are not tolerated—not just by fans, the public, politicians, and civil rights leaders but also by companies that write big checks to your team. CarMax (NYSE: KMX) on Monday became the first company to end its...