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-   -   Report: Donald Sterling agrees to sell the Clippers (http://www.raptorsforum.com/f/f6/report-donald-sterling-agrees-sell-clippers-27137.html)

jeffb 05-23-2014 12:45 PM

Report: Donald Sterling agrees to sell the Clippers
 
Quote:

In an effort to maximize the seemingly inevitable sale of the Los Angeles Clippers, disgraced owner Donald Sterling has reportedly agreed to let his estranged wife, Shelly, negotiate the terms, according to Ramona Shelburne of ESPN.com:

Ramona Shelburne ✔ @ramonashelburne
Donald Sterling has agreed to allow his wife Shelly to negotiate a forced sale of the Clippers, source tells ESPN.

Sterling recently received a lifetime ban from NBA commissioner Adam Silver after the release of a recording that featured Sterling making racist remarks, per ESPN.com.

Additionally, an owner vote is set for June 3 in order to determine the fate of the Clippers' ownership. The expectation is that Sterling will be forced to sell, which is largely why Shelly is likely to control the sale.

According to TMZ, the belief is that any sale with Donald Sterling at the helm would be involuntary whereas Shelly would have more leverage against the league if she spearheads the effort.

If the league doesn't cater to Shelly's desires, however, TMZ reports that a lawsuit against the NBA is possible.

Shelly's attorney, Pierce O'Donnell, recently made it clear that his client should not be punished by being forced to relinquish her stake in the team for something her husband did, per ESPN.com.

"We have just received the voluminous charges and are beginning the process of carefully reviewing them. Based on our initial assessment, we continue to believe there is no lawful basis for stripping Shelly Sterling of her 50 percent ownership interest in the Clippers. She is the innocent estranged spouse. We also continue to hope that we can resolve this dispute with the NBA for the good of all constituencies."

This is despite the fact that Silver is treating the ownership stakes of Donald and Shelly Sterling as one, according to Mark Medina of the Los Angeles Daily News:


Mark Medina @MarkG_Medina
Adam Silver reiterated if Donald Sterling's ownership is terminated, so too will Shelly Sterling's ownership stake


Ramona Shelburne ✔ @ramonashelburne
The NBA has yet to accept the terms of this new arrangement between Shelly and Donald. She'll need to sell it all for them to consider.


Ramona Shelburne ✔ @ramonashelburne
But if she's willing to sell the whole thing, this could bring a startlingly quick end to this affair

Donald Sterling Will Reportedly Allow Wife Shelly to Negotiate Clippers Sale | Bleacher Report

jeffb 05-27-2014 08:53 PM

What would the Lakers fetch, 10 billion?


Quote:

Robert Kovacik ✔ @RobertNBCLA
#BREAKING: #DonaldSterling lawyer tells @NBCNews #Clippers owner "...has received offers in excess of $2.5B" for the team.

LOG 05-27-2014 09:09 PM

He knows that there will be someone who pays whatever he asks just to make a statement and make sure he is not the owner.
If I'm not mistaking previous most expensive team record was 550mil

JoeyJoJo Shabbadu 05-28-2014 12:35 AM

Sterling vows to fight on to keep ownership of Clippers

Lol...what a mess.

gdaytday 05-28-2014 02:36 PM

Quote:

Originally Posted by JoeyJoJo Shabbadu (Post 900033)

What a mess is right.

JoeyJoJo Shabbadu 06-09-2014 11:54 PM

Attorney: Sterling says no deal on sale, lawsuit still on

And he's changed his mind yet again and is suing. It really is starting to look like dementia when he continually remakes decisions he's already made.

The Diamond Scorpion 06-10-2014 06:16 PM

I just wish Sterling would go away. Take the 2 billion and fuck off for once.

Raptorman 06-10-2014 09:14 PM

If this goes too long he wont have any players.


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