Donald Sterling agrees to Clippers sale, will drop lawsuit against NBA
Source: LA Times
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, Sterlings 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.
Read more: http://www.latimes.com/sports/sportsnow/la-sp-sn-sterling-drops-suit-against-nba-20140604-story.html
Ash_F
(5,861 posts)I thought the rich got there by working harder/smarter than the rest of us plebes? Sterling is living proof otherwise.
kelliekat44
(7,759 posts)rocktivity
(44,577 posts)Last edited Wed Jun 4, 2014, 11:39 PM - Edit history (1)
And why would he be suing his wife if he allowed her to do the negotiating?
This is media scripting -- this ain't over.
rocktivity
davidpdx
(22,000 posts)The whole thing broke about six weeks ago and now suddenly it's over. WTF? Short mini-series?
ltheghost
(37 posts)A "leak" of him talking like a racist prick....gets 2 billion dollars for a team NOWHERE worth that. Then he goes to a Black Church for forgiveness (slap in the face). I think he is doing this mainly because he isn't going to make it out of the year and wants to leave him family guaranteed money. 2 billion isn't bad for being a scum bucket POS.
davidpdx
(22,000 posts)It would mean that possibility his mistress and wife were in on it then. Not sure I buy the act that much.
4lbs
(6,861 posts)So, he made 16000% profit in about 30 years.
I wish I could do that.