Clippers owner and basketball grinch Donald Sterling has been a busy man of late, as reflected by a couple of rumored dinners with high-powered men, one of whom reportedly wants to buy 51% of the Clippers.
Peter Vecsey of The New York Post is citing a source who confides that entertainment magnate David Geffen is trying to entice Sterling to sell him a controlling stake in the franchise and that, if this could happen quickly, Geffen will deliver LeBron James to Los Angeles to be the focal point of his new toy – er, team.
Geffen has more cash than most US banks right now, and surely has the panache that the league office is looking for in its search for new owners (see Prochorov, Michail). What’s left to question is whether or not Sterling would be willing to sell the majority stake to the only trump card in his “really, I’m important in LA, I matter!” deck.
Vescey posits (naively?) that even someone as misguided as Sterling would have to realize that Geffen’s increased profile and likely ability to draw both players and fans would increase the team’s value and identity – but any increase in value would come at the expense of Sterling’s profile, something that he has never shown an ability or want to reign in, for better or worse.
There are literally a million LeBron James rumors out there and this one is as wild as most of them and seems to be built on a shred of plausibility, all any rumor needs to be taken seriously.
I’ll be watching closely to see if Geffen has any public comment on the matter and whether or not he was even in Los Angeles last Friday.
Meanwhile, Sterling reportedly had dinner with NBA Commissioner David Stern Saturday night to discuss the team’s failure to pay Mike Dunleavy the money remaining on his contract when he was terminated as the team’s GM., nearly $6 million.