Donald Sterling Agrees to Sale of Los Angeles Clippers
Donald Sterling has agreed to the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer, Sterling’s attorneys told CNN on Wednesday.
Last week, Sterling’s estranged wife, Shelly, agreed to sell the franchise to Ballmer for $2 billion. The Sterlings are co-owners of the team through a family trust.
Donald Sterling initially indicated he would fight the sale and filed a lawsuit against the National Basketball Association.
The suit has yet to be withdrawn, attorneys Bobby Samini and Maxwell Blecher, said, but that likely will happen this week.
“Donald Sterling officially announces today, the NBA and Donald Sterling and Shelly Sterling have agreed to sell the Los Angeles Clippers to Steve Ballmer for $2 billion and various additional benefits.
All disputes and outstanding issues have been resolved,” Samini said in a written statement.
Blecher said he thought that Sterling worked out a resolution with the league or with Shelly Sterling.
NBA owners still have to approve the sale to Ballmer, who has indicated he would keep the team in Los Angeles.
Donald Sterling bought the team in 1981 for $12 million.
Sterling’s recorded racist remarks to his companion, V. Stiviano, spawned outrage among NBA fans, players and executives.
Chief among the latter was NBA Commissioner Adam Silver, who banned Sterling from the league, fined him $2.5 million and pushed through a charge to terminate all of his ownership rights in the franchise.
The recording was posted online by TMZ in late April.