From the business to the entertainment world, potential bidders are lining up for the chance to purchase the Los Angeles Clippers.
The problem is that no one knows when (or if) an auction will take place.
Commissioner Adam Silver dropped the sledgehammer on current Clippers owner Donald Sterling Tuesday for making racist comments in a recorded conversation. Sterling was assed a lifetime ban from the NBA and a $2.5 million fine (the highest possible amount under the league's bylaws).
In addition, Silver called on NBA owners to force Sterling to sell his team, a vote that would require a 75 percent majority of the other 29 owners. Before Silver's press conference, Sterling told Fox News contributor Jim Gray the Clippers are "not for sale."
The league could force Sterling's hand, but the disgraced owner could fire back with a legal challenge of the ruling. If a sale eventually takes place, Adrian Wojnarowski of Yahoo Sports reports it's expected to exceed $1 billion.
In other words, this potential sale—just like an NBA regular season—could be a marathon, not a sprint.
That hasn't stopped these eight runners from taking their marks, though. More will likely join the race, but these eight either threw their name in the hat or had it tossed in by an insider source.
Since any eventual transaction will require approval by the league's board of governors, these candidates will need to show well in several key fields for the evaluation process. Ultimately, though, there are two critical elements these potential purchasers need to have: capital and character.
Just those two pieces of the puzzle trim this field more than you'd think, leaving just a handful of potential owners vying for the top spot based on net worth, name recognition and notable supporters.