Witness: Sterling needs Clippers sale to pay debts...

Posted in the Banking Forum

The Mirage

Buffalo, NY

#1 Jul 22, 2014
Read this: Witness: Sterling needs Clippers sale to pay debts

LOS ANGELES (AP) The chief financial officer of Donald Sterling's properties said Monday that the billionaire may be forced to sell a large portion of his real estate empire to cover $500 million in loans if he persists in refusing to sell the Los Angeles Clippers for $2 billion.
Associated Press

It is all the empty dreams..What Real Estate Empire?? All the loans... Who is to buy LA Clippers for $ 2 Billion??? Dream again!!!


#2 Jul 23, 2014
Maybe the filthy rich Chinese. They seem to have appetite for everything Western. Without the Chinese tourists, the luxury market will be heading deep south.

Or, maybe the Russian Oligarchs. IF they can overcome the sanctions!

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