The idea that the $160 million agreement with the Pacers includes any mention of the City helping the Simon children with financing for the Pacers and have a right of first refusal if financing can't be lined up is ludicrous, but Herb doesn't see it that way. "Well you see, I personally guaranteed the loan," he said. "Even though it is a Pacers loan, it could be an issue for my children--they are not worth as much as I am." "The city has a lot means [to help refinance the debt] where the kids can still continue [and not have to sell the team]." "There is money to pay off the loan, and we will try to pay it down before then." "The city has all the rights. All they have to do it make sure we get a loan on the team." Except, Herb can't make any guarantees about how his fellow equally as greedy billionaire NBA team owners will confront the issue of succession.
|Stiviano with the Ferrari LA Clippers Owner Don Sterling Purchased For Her|
|Stiviano sitting with Sterling at a Clippers game|