Lawstudent101

Quote: Quote: Quote: Quote: The ASG should just give Belkin 10% morethan what he put into the investment and be done with it. Is this a joke? The ASG would do 10% in a heartbeat. They would give him 100% more than he put into the investment in a heartbeat. The problem is that Belkin wants $140 million (the value of the second appraisal) and he bought into the team for $11.7 million. Hence, he wants more than 1000% of what he bought into the teams for. How is it possible that someone claimed the market value of his share is 140 million when he bought the team for 11.7? If that's the case, the other owners should just accept a buyout from BELKIN of their 70% stake. what would that be? 300 million? Sounds good. Why aren't they doing that AHF? Use Belkin's BS against him The contract is written very favorably to Belkin from that perspective. It permits the ASG to buy him out for the current fair market value of his share of the franchises. That is why they wrote language in there to have it appraised. In contrast (and why the ASG agreed to this is beyond me), there is a provision that permits Belkin to buy the rest of the ASG out for the amount they originally invested - which is much less than the fair market value of their shares. That provision is only triggered if the deal goes forward and the ASG drags its collective feet so the deal isn't completed within the designated time limit. I can't imagine why the ASG agreed to that buyout provision. It is foolish beyond justification and encourages the exact type of gamesmanship that Belkin has engaged in since then. If Belkin wanted to protect against a prolonged buyout, the ASG should have agreed to an interest rate on the money or liquidated damages or some other financial penalty. The buyout provision allowing Belkin to acquire the team for a fraction of the value is a death knell rather than an incentive for a timely buyout. Just inexplicable. Ahh, I gotcha. So basically the ASG had a shitty contracts lawyer. I see. Well, this sucks. BTW AHF, do you like me now?

Quote: Quote: The ASG should just give Belkin 10% morethan what he put into the investment and be done with it. Is this a joke? The ASG would do 10% in a heartbeat. They would give him 100% more than he put into the investment in a heartbeat. The problem is that Belkin wants $140 million (the value of the second appraisal) and he bought into the team for $11.7 million. Hence, he wants more than 1000% of what he bought into the teams for. How is it possible that someone claimed the market value of his share is 140 million when he bought the team for 11.7? If that's the case, the other owners should just accept a buyout from BELKIN of their 70% stake. what would that be? 300 million? Sounds good. Why aren't they doing that AHF? Use Belkin's BS against him

Quote: Quote: I've said this before to you idiots, but most of you ignore me... Like I said, I'm a LAW STUDENT. (I know what I'm talking about, unlike you uneducated scums) I thought it was just as easy to get into law school as it is to get into real estate school. If you're willing to write a check they'll let you in. Final Quest, it sure is easy if you go to an unaccredited school, or a tier 4...then yeah, those schools are in it strictly for profit. I don't go to an unaccredited school or a tier 4, so yeah, you gotta compete to get into a limited number of seats. Don't be jealous now my son.

Quote: You said... Quote: However, it is a huge victory that Belkin doesn't have the right to buyout the rest of the ASG at this time and that the Court cannot repeat its prior interpretation of the contract (which means that, with a very significant adverse interpretation off the table for the trial court, the ASG is in a better position now than when the question was wide open at square one). I don't doubt anything you say on this matter... I'm just asking what may be a dumb question.. Does this mean that Belkin cannot go to a "higher" court to seek a new ruling on the prior interpretation? IF so, that's good news for the ASG and Hawks fans all around. Everybody with half a brain should have seen the the prior interpretation was logically wrong. Belkin could have gone to a higher court to seek a new ruling to the prior interpretation, however the Maryland supreme court most likely would not have taken the case. In addition, the timeframe to appeal that ruling has passed a long time ago, so that issue is now set in stone. Yeah D, I guess it's "good news" yay! let me tell you what is gonna happen barring a settlement agreement, okay? The next court date will be in March...it will take a few months to (at BEST) for the trial court to decide the case,(as long as everything goes smoothly) if Belkin wins, it will be appealed, (we are talking appeal court date in november or dec of next year) If the ASG win, Belkin will appeal (see above for dates) So we are looking at a MIN of 1 more year of litgation, Isn't it awesome to be a fan? The ASG should just give Belkin 10% morethan what he put into the investment and be done with it. They will instantly make it back once this dispute is resolved anyway as the team's market value will increase by that much as soon as he is bought out anyway... Just my two cents

Quote: Quote: I've said this before to you idiots, but most of you ignore me... I wonder why someone doesn't listen to someone who calls them an idiot. Quote: Like I said, I'm a LAW STUDENT. (I know what I'm talking about, unlike you uneducated scums) What was the totally inaccurate spewage about your first amendment rights being infringed by cites like RealGM if you know what you were talking about? Quote: The court "Win" for the ASG was not a "win" at all. BS. When the case was appealed, the ASG were on their way out the door with a huge financial windfall coming to Belkin. The issue that was appealed was resolved in favor of the ASG. The order below was reversed and the case was remanded for further proceedings. That is a huge win for the ASG. It isn't winning the war. It is winning a battle that could have been fatal had it been lost. Quote: The ASG is just spinning it so uneducated people (like you all reading this) will think the ASG was making great progress. You know what the appeals court did? Basically, they are back at square one, where we were 1 year ago...BEFORE the ASG appealed the trial court's decision (not the final decision, but a simple contract interpertation) This was a huge victory for the ASG. It is NOT the end of the case by any means, again it is a battle not the war. However, the trial court erroneously ordered that the ASG had violated the contract and triggered a right by Belkin to purchase the teams at the buy-in amounts spent by the other owners at the time of the original purchase. Getting that reversed is huge. The case is still in a quagmire state. No doubt about that. The ASG doesn't have the legal right to proceed with an involuntary buyout of Belkin at this point. No argument there. However, it is a huge victory that Belkin doesn't have the right to buyout the rest of the ASG at this time and that the Court cannot repeat its prior interpretation of the contract (which means that, with a very significant adverse interpretation off the table for the trial court, the ASG is in a better position now than when the question was wide open at square one). Quote: The only way the ownership gets fixed is if Belkin just settles and agrees to a fair buyout. If not, look at 2 or 3 years of court before this gets fixed. Honestly I'll guesstimate and say 1 more year as a bright side guess....3 years for the doom and gloom crowd. 1 year is pretty optimistic in my mind but I agree we are looking years down the line without a buyout. It is disheartening that there have been no signs of buyout discussions since the reversal by the Maryland appellate court. It is hard to believe that Stern hasn't stepped in here. This is an embarassment for the league. If this was the Lakers, Celtics, Knicks, etc. there would have been enormous pressure on every member of the ownership group a long time ago. I understand him not wanting to mess around very much with ownership dispute but when a team is not operating on a level playing field as a result of ongoing disputes that is a real credibility problem for the league. On that issue, I am surprised the union didn't protested the legal restrictions that were in place during the appeal. An inability to exceed the cap or sign contracts per the CBA limits money available to the players. The spewage about my first amendment rights was clearly a joke. I know I don't have that right(or any) when dealing with a private site, such as realgm or hawksquawk. So chill and learn to take a joke my child. when the case was appealed they simply appealed Belkin's claim (which the trial court agreed with) in which he was saying he had the right to choose the 3rd accounting firm to value the team to get a number for a buyout....supposedly the contract is unclear about who gets to pick the 3rd accounting firm, if they both disagreed with the 2nd firm's appraisal... The appeals court said "no ya don't the ASG does" Belkin could have appealed this decision, but I doubt the supreme court in that state (is it maryland or mass. where this court battle is taking place? either way it doesn't matter) that state supreme court *could* take on Belkin's appeal, but Belkin decided not to appeal that ruling from the appeals court. Believe it or not, if the ASG had lost the appeal, this would have been over sooner than later. Either the ASG would buyout Belky or vice versa, W/E. I agree though, yeah it was a "win" for the ASG.....yay? Sorry that I'm not more excited...lol I agree that Stern should have stepped in awhile ago...but what can you do? We are the Hawks! .....yay? Fact is, this legal battle has not progressed as far as everyone seems to think it has... I believe the next court date is early next year? In Feb or March? Needless to say, this will carry over into this offseason..NO DOUBT ABOUT IT FOLKS. Yeah sorry for calling you an idiot, and everyone else. I'm just so damn pissed at the state of my hawks right now. And I have every right to be, so please excuse my harsh language.

I've said this before to you idiots, but most of you ignore me... Like I said, I'm a LAW STUDENT. (I know what I'm talking about, unlike you uneducated scums) The court "Win" for the ASG was not a "win" at all. The ASG is just spinning it so uneducated people (like you all reading this) will think the ASG was making great progress. You know what the appeals court did? Basically, they are back at square one, where we were 1 year ago...BEFORE the ASG appealed the trial court's decision (not the final decision, but a simple contract interpertation) The only way the ownership gets fixed is if Belkin just settles and agrees to a fair buyout. If not, look at 2 or 3 years of court before this gets fixed. Honestly I'll guesstimate and say 1 more year as a bright side guess....3 years for the doom and gloom crowd.

Quote: Woodson gave the ever-dreaded coach speak that signals to the world that he expects to lose. "that's all you want to do on the road, give yourself an opportunity to win" link So we really shouldn't look at it as we've won 1 of our last 18 roadgames. We should measure ourselves by how many opportunities we had to win. Maybe we should go to a point system like hockey. 2 points for a win. 1 point for an opportunity to win. Sorry, but if my high school coach told me before a game that all we wanted was an opportunity to win the game, I'd immediately know that my coach thought the opposing team was better than us. Opportunity to win = loser's mentality Let's bring in a winner Woody is a loser, and I HIGHLY doubt he'll ever get another NBA coaching job. If a GM ever gives Woody an NBA coaching job, that GM should be instantly fired. ............BK YOU ARE A FLITHY SLIME BALL. JUST FIRE WOODY HE IS GOD AWFUL

Quote: Seriously just shut up, why make this thread? I seriously hardly ever read half of the threads on this site anymore, because there is essentially ZERO basketball discussion. It's all agenda based hatred for one poster, player, coach etc. It's annoying as hell. We need a moderator because these kind of threads just need to be locked. I'll get on in the morning and have to read through 300 new posts of pure crap before seeing anything useful. Enough of your crap sir. He is 100% right and spot on in regards to everything he said. Hate for Woody? DAMN RIGHT Hate for a poster? HELL YEAH I'VE BEEN ON THE RECIEVING END If you don't want to look at the threads or posts then DON'T GET ON THE SITE, NOW BE GONE YOU PATHETIC SCUM

Dear Ken, Santa doesn't exist.

The poll ended when the Hawks and Spurs tipped off. Read the entire thread. GSUTEKE asked when the poll would end, and I told him. At that time I had 2 more votes than Woody, thus I stay! YAY! Although I prob won't be posting very much anymore, considering how the Hawks are terrible and will most likely remain that way for a good while.

Hey a win is a win. Poll is over folks! I won it. THANKS FOR LETTING ME STAY EVERYONE!

YAY! YAY! YAY! ...........FIRE WOODY

FIRE WOODY

I kinda feel the same way. oh well Have fun losing money ASG. I hope Belkin owns you morons. Hey Belkin if you need another lawyer sign me up, I'll work for you pro bono