Donald Sterling, owner of the Los Angeles Clippers, has decided not to support the sale of the team and will go forward with a federal lawsuit against the National Basketball Association. Sterling’s attorney on Monday announced that his client would not approve the $2 billion sale of the team to former Microsoft CEO Steve Ballmer,…
(Reuters) — National Basketball Association Commissioner Adam Silver said on Sunday a single obstacle blocked completion of the $2-billion sale of the Los Angeles Clippers – a lawsuit brought by embattled owner Donald Sterling against the league. Sterling, 80, sued the NBA and Silver on May 30 seeking at least $1 billion in damages just…
Embattled Los Angeles Clippers owner Donald Sterling has agreed to sell the team for $2 billion and will drop his lawsuit against the National Basketball Association, his lawyer Maxwell Blecher said on Wednesday, five weeks after taped racist remarks Sterling made caused the NBA to ban him for life. Sterling, 80, sued the league and…
Getty Images (Reuters) — Donald Sterling bought the Los Angeles Clippers for 16 million and is set to sell the team for $2 billion. That’s a 16,000% return or a lofty 16% a year. Here’s a look at other investments he could have made at the time, and how much less he would have made….
100% of profits support our journalism
