Menu
Swatch announces to make Batteries with Unmatched Storage Capacity

Swatch announces to make Batteries with Unmatched Storage Capacity

Harrison Ford returns in Denis Villeneuve's Blade Runner Sequel

Harrison Ford returns to Denis Villeneuve's Blade Runner Sequel

The Science Behind The Dress

The Science Behind The Dress

Star Trek's Renaissance Man Leonard Nimoy, dead at 83

Leonard Nimoy, Star Trek's Renaissance Man, Dead at 83

Apple Watch Will Ditch the Car Keys and Remind Users to Exercise

Apple Watch Will Ditch the Car Keys and Remind Users to Exercise

Donald Sterling Agrees to Sell Los Angeles Clippers

Jun 4 2014, 8:58pm CDT | by , in News | Latest Sports News

Donald Sterling Agrees to Sell Los Angeles Clippers
Photo Credit: Getty Images
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Donald Sterling agreed to sell the Los Angeles Clippers for $2 billion and drop his lawsuit against the NBA on June 4, per multiple reports.

Donald Sterling has agreed to sell the Los Angeles Clippers

Sterling has agreed to the $2-billion sale of the team which his wife, Shelly, negotiated, per The Los Angeles Times' James Rainey:

"Donald Sterling has agreed to go along with the $2-billion sale of the Clippers negotiated by his wife, Shelly, in an agreement that will also lead the NBA to drop its administrative charges against the longtime team owners, Sterling's attorney said Wednesday afternoon. 

"As recently as Tuesday, attorney Max Blecher said Sterling was considering suing his wife to contest her takeover of the family trust that controls the franchise. But Sterling suggested in an interview with NBC4 later Tuesday that he might agree to let the record-setting sale go through. 

"Sterling will agree to drop his $1-billion antitrust lawsuit against the NBA and the league in turn will agree not to file any lawsuits against Sterling and to drop the charges it levied against him for racially inflammatory remarks made by the Clippers owner that were posted online in late April. 

"A nearly six-week battle over the allegations and the future of the Clippers came to an apparent end last week, when former Microsoft Chief Executive Steve Ballmer bid $2 billion for the team, nearly four times the previous high price for an NBA franchise. 

"The tech billionaire hoped to close the deal as early as next month, though it remained unclear until Wednesday whether Sterling, 80, would sign off on the deal. 

"Shelly Sterling, 79, had said that she assumed sole control of the Clippers after two neurologists determined that her husband was not mentally capable of handling his own business affairs. 

"Blecher had vehemently disputed that characterization and said he might go to court to fight for Donald Sterling's right to continue as controlling owner of the franchise." 

Sterling agreeing to sell the Clippers and dropping the lawsuit against the league was also confirmed by Blecher in an e-mail to ESPN's Ramona Shelburne. 

Once Ballmer's bid is approved, the NBA's Board of Governors will then vote on the sale of the Clippers, per ESPN:

"Once the NBA approved Ballmer's bid to buy the Clippers on Friday, a hearing to determine Donald Sterling's future was canceled. Instead, the NBA Board of Governors will vote on the deal agreed upon by Shelly Sterling and Ballmer, who bid $2 million for the team. 

"Donald Sterling will still be banned from the NBA for life, according to a source. 

"Shelly Sterling, as part of a settlement with the league, and a condition of the sale to Ballmer, had indemnified the NBA against future legal action by her husband, especially meaning that even if he won the lawsuit, the Sterling Family Trust -- which she controlled after he was found by neurologists to be mentally incapacitated -- would pay the damages. 

 

"The NBA has set no timetable for a vote to approve Ballmer, but he is expected to easily be accepted by 3/4ths of the other 29 owners."

In another development, Clippers guard Chris Paul and forward Blake Griffin made the All-NBA team as announced by the league on June 4. 

Paul made the first team for the fourth time while Griffin made the second team. 

For more of the hottest sports news, log on to Sport Balla today. 

You Might Also Like

Read the Latest

The next Nexus 7 could possibly be manufactured by Huawei

The next Nexus 7 could possibly be manufactured by Huawei Huawei has its own Kirin processor lineup which has been used in the company’s phones for quite some time

2 hours ago

Apple's iPhone 6s to feature Force Touch this year

Apple's iPhone 6S to feature Force Touch this year This new technology is probably going to make its way to the complete iPhones line in a year

3 hours ago

Google presents plan to extend headquarters at Silicon Valley

Google presents plan to extend headquarters at Silicon Valley The new construction will have movable blocks under translucent canopies

3 hours ago

Wesleyan Drug Paradox: Molly Overdoses Happened Even With Stricter Campus Rules

Wesleyan Drug Paradox: Molly Overdoses Happened Even With Stricter Campus Rules In wake of a string of club overdoses at Wesleyan University, a battle wages in terms of how to address the growing...

5 hours ago

Games of Thrones Season 5 Artwork Revealed

Games of Thrones Season 5 Artwork Revealed The newest poster of the show depicts Lannister on a ship with one of Khaleesi’s dragons on the horizon flying towards...

6 hours ago

Saturn Moon Titan could Support Life

Saturn Moon Titan could Support Life Cornell University researchers say life on Saturn Moon Titan is possible, but it would be different from Earth.

7 hours ago

Kelly Osbourne leaves Fashion Police

Kelly Osbourne leaves Fashion Police Kelly Osbourne quits the E! Entertainment’s show Fashion Police after the whole Rancic-Zendaya racial comment debacle...

7 hours ago

Jennifer Lawrence adores David O. Russell

Jennifer Lawrence adores David O. Russell Academy Award winning actress Jennifer Lawrence took to Facebook to eliminate the false gossip surrounding her having...

8 hours ago

Thief returns Lupita Nyong'o $150K Fake Pearls Dress

Lupita Nyong'o $150K Oscar Dress found in Trash The 6000 pearls on Lupita Nyong'o's Oscar dress are not real jewels, as the thief himself returns the dress...

9 hours ago

Apple Watch Will Ditch the Car Keys and Remind Users to Exercise

Apple Watch Will Ditch the Car Keys and Remind Users to Exercise Tim Cook gave an exclusive interview with Allister Heath of The Telegraph and explained how the Apple Watch could...

11 hours ago

The Dress sets new Record on Buzzfeed for Most Viewed Post

The Dress sets new Record on Buzzfeed for Most Viewed Post The Dress is still the top trending hashtag on Twitter. Buzzfeed has revealed just how big The Dress phenomenon is. One...

13 hours ago

Star Trek's Renaissance Man Leonard Nimoy, dead at 83

Leonard Nimoy, Star Trek's Renaissance Man, Dead at 83 Leonard Nimoy passed away on February 27, 2015, at the age of 83 as the world mourns the loss of a beloved entertainer.

15 hours ago

Apple might increase RAM in upcoming mobile devices

Apple might double the RAM in iPhone 6S According to analysts, the demand for increased RAM might take a toll by the second half of this year

1 day ago, 11:48am CST

Sprint Promo shows the Samsung Galaxy S6 and S6 Edge

Sprint Promo shows the Samsung Galaxy S6 and S6 Edge The image comes from a verified Sprint employee

1 day ago, 11:33am CST

Google reverses decision to ban Explicit content On Blogger

Google reverses decision to ban Explicit content On Blogger Users protested the search giant's decision to block all sexually explicit content on its blogging platform

1 day ago, 11:26am CST

Swiss luxury watch makers respond to the Apple Watch

Swiss luxury watch makers respond to the Apple Watch Luxury watch companies, Alpina and Frederique Constant, are going to turn their traditional watches into mechanical...

1 day ago, 11:20am CST

MWC 2015 Preview

MWC 2015 Preview The Mobile World Congress is the most prominent event in the Mobile Industry. The Mobile World Congress is the World’s...

1 day ago, 10:53am CST

Samsung Galaxy S6 to ship with earbuds similar to Apple earpods

Samsung Galaxy S6 to ship with earbuds similar to Apple earpods The earbuds feature the same flat tangle-free cord design and a remote

1 day ago, 9:37am CST

Apple Watch Will Be Pricier Than The Average Smart Watch Sold In 2014

Apple Watch Will Be Pricier Than The Average Smart Watch Sold In 2014 Priced at $349 (starting price), the Apple Watch is positively more expensive than the rest of the smart watches sold...

1 day ago, 9:21am CST

$100 million Deal for Keeping Up with Kardashians

$100 million Deal for Keeping Up with Kardashians The Kardashian clan reportedly signed a $100 million deal with E! for another four years of the Keeping Up with...

1 day ago, 9:17am CST

Photo credit: Larry W. Smith/Stringer/Getty Images

Missouri Mass Shooting: 9 Dead In Suspected Murder-Suicide Police in a rural part of Missouri are investigating nine deaths believed to be the result of a murder-suicide. The...

1 day ago, 9:08am CST

Sex Box comes to US

Sex Box comes to US The show is about couples facing intimacy issues in their relationships which are resolved by specialists and the...

1 day ago, 9:04am CST

8000 Years Ago Ancient Britons traded in Wheat

Ancient Britons traded in Wheat 8000 Years Ago Recently 8000 years old wheat DNA samples were found at an ancient site in Britain indicating the presence of Bread...

1 day ago, 8:39am CST

House of Cards Season 3 makes President a Little Human

House of Cards Season 3 makes President a Little Human House of Cards receive social media attention prior to its season 3 which premiered at Empire Cinema in Central London

1 day ago, 7:54am CST

$532.9 Million Not Enough for Smartflash, sues Apple yet Again

$532.9 Million Not Enough for Smartflash, sues Apple yet Again Apple Incorporated is being sued yet again by Smartflash over patent usage. Already Smartflash won $532.9 Million in a...

1 day ago, 6:20am CST

Twitter updates User Safety Features to stop Abuse

Twitter updates User Safety Features to stop Abuse Twitter announces new user safety features and also tripled the size of its abuse handling team.

1 day ago, 5:57am CST

Assassin’s Creed Unity App Review

Assassin’s Creed Unity App Review Assassin’s Creed Unity was one of the most anticipated games for the past year. The game enthusiasts had waited for...

1 day ago, 5:28am CST

Jihadi John Victim’s Widow wants Emwazi caught Alive

Jihadi John Victim’s Widow wants Emwazi caught Alive An ISIS figure named Jihadi John has his victim’s widow wanting him punished for his heinous crime.

1 day ago, 5:23am CST

Facebook lends Free Option regarding Gender Identity

Facebook lends Free Option regarding Gender Identity Facebook has lent its users a free option as regards gender identity. Those who frequent the social network may...

1 day ago, 4:30am CST

New Swatch Touch Zero One Smartwatch Unveiled

New Swatch Touch Zero One Smartwatch Unveiled Swatch announced the Swatch Touch Zero One Smartwatch tailored for Beach Volleyball.

1 day ago, 4:23am CST

Comments

blog comments powered by Disqus