Don Sterling...

[TinCow]

Its really not his property is the point. NBA "owners" are more like managers, and the NBA as a whole remains the most powerful controlling interest in the team regardless of which old white dude is currently profiting from ticket sales. Hell, they even share a stadium with the Lakers. Baseball is the only major American sport where teams are owned in the true sense, and even then its a league-first mentality on most issues.

Yup. And MLB did the same exact thing a long time ago.

http://en.wikipedia.org/wiki/Marge_Schott

You can be as much of a racist as you want, but once your bigotry starts impacting the profits of your partners you've got to answer to the Capitalism Justice League. Form of a contractual obligation!

Pro-tip: If you want to be able to say whatever you want without repercussions to your business, don't enter into a business that requires you to sign a contract giving other people the power to force you out of the business if you misbehave.