Donald Sterling Agrees to Sell NBA’s LA Clippers
By Community | June 5, 2014
Los Angeles Clippers owner Donald Sterling has agreed to sell the team and has dropped his lawsuit against the NBA.
Sterling “has made an agreement with the NBA to resolve all their differences” and as co-owner has given his consent to a deal that was negotiated by his wife, anesthetist Shelly Sterling, ailment to sell the team, hospital said attorney Maxwell Blecher.
Sterling was fined $2.5m and banned for life from the league after racist comments. Last week, he sued the NBA, alleging it had obtained the information from illegal recordings.
Last week former Microsoft chief executive Steve Ballmer offered a record $2bn to buy the Clippers. Sterling’s legal team said that the other NBA team owners will vote on the proposed sale in mid-July.