Sterling Giving Up Control of Clippers Ahead of Sale

By: CBS News / AP
By: CBS News / AP
Donald Sterling, the owner of the Los Angeles Clippers, has agreed to sign over his interest in the team to his wife, Shelly Sterling, who will oversee the voluntary sale of the team, a source familiar with the negotiations told CBS News Friday.

File photo courtesy REUTERS / Danny Moloshok

May 23, 2014

LOS ANGELES (CBS/AP) - Donald Sterling, the embattled owner of the Los Angeles Clippers, has agreed to sign over his interest in the team to his wife, Shelly Sterling, who will oversee the voluntary sale of the team, a source familiar with the negotiations told CBS News Friday.

Commissioner Adam Silver banned Donald Sterling for life and fined him $2.5 million because of racist comments. The league has charged him with damaging the league and its teams.

Team owners are moving forward with a vote on whether to terminate his ownership. Sterling has until Tuesday to respond.

Shelly Sterling has no plans to sue the NBA, according to the source.

In response to Friday's development, NBA spokesman Mike Bass said in a statement, "We continue to follow the process set forth in the NBA constitution regarding termination of the current ownership interests in the Los Angeles Clippers and are proceeding toward a hearing on this matter on June 3."

Donald Sterling can appear at the hearing in New York in front of the other owners. It will take three-quarters of them to terminate Sterling's ownership, and the league says also that of Shelly Sterling.

Minnesota Timberwolves owner Glen Taylor, the board chairman, will preside over the hearing. If three-fourths of the other 29 owners vote to sustain the charge, Donald Sterling will be forced to sell the team he has owned since 1981. Silver has said he is confident he has the 23 votes that are necessary.

If Sterling did not respond to the charge within five business days, or does not appear at the hearing, it would be deemed an admission of the "total validity of the charges as presented," according to the NBA constitution.

Donald Sterling's attorney had asked for a three-month delay, which the league rejected.

Silver said he would prefer if Donald Sterling chose to sell the team on his own, but the process to force a sale is already well underway.


The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 260446761 - newsplex.com/a?a=260446761
Gray Television, Inc.