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alp227

(31,962 posts)
Wed Jun 4, 2014, 08:26 PM Jun 2014

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, 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.

Read more: http://www.latimes.com/sports/sportsnow/la-sp-sn-sterling-drops-suit-against-nba-20140604-story.html

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Donald Sterling agrees to Clippers sale, will drop lawsuit against NBA (Original Post) alp227 Jun 2014 OP
2 billion dollars is a lot for being a stupid asshole. Ash_F Jun 2014 #1
He's an old, rich, bitter man. I don't think he would last thru a tough court battle. nt kelliekat44 Jun 2014 #2
But will his wife still own a piece of the franchise? rocktivity Jun 2014 #3
It does seem scripted davidpdx Jun 2014 #6
Well....I think it was all staged anyway. ltheghost Jun 2014 #4
Interesting theory davidpdx Jun 2014 #5
I should hope so. He bought the Clippers for $12.5 million and sold them for $2 BILLION! 4lbs Jun 2014 #7

Ash_F

(5,861 posts)
1. 2 billion dollars is a lot for being a stupid asshole.
Wed Jun 4, 2014, 08:44 PM
Jun 2014

I thought the rich got there by working harder/smarter than the rest of us plebes? Sterling is living proof otherwise.

rocktivity

(44,555 posts)
3. But will his wife still own a piece of the franchise?
Wed Jun 4, 2014, 10:03 PM
Jun 2014

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)
6. It does seem scripted
Thu Jun 5, 2014, 06:54 AM
Jun 2014

The whole thing broke about six weeks ago and now suddenly it's over. WTF? Short mini-series?

ltheghost

(37 posts)
4. Well....I think it was all staged anyway.
Thu Jun 5, 2014, 03:52 AM
Jun 2014

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)
5. Interesting theory
Thu Jun 5, 2014, 06:52 AM
Jun 2014

It would mean that possibility his mistress and wife were in on it then. Not sure I buy the act that much.

4lbs

(6,756 posts)
7. I should hope so. He bought the Clippers for $12.5 million and sold them for $2 BILLION!
Thu Jun 5, 2014, 11:02 AM
Jun 2014

So, he made 16000% profit in about 30 years.

I wish I could do that.

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