The $2 billion sale of the NBA’s Los Angeles Clippers faces a key legal hurdle on Monday as the estranged husband and wife who own the franchise battle in court over control of the team. Shelly Sterling, 79, has asked a Los Angeles judge to confirm her as having sole authority to sell the pro…
Attorneys for Donald Sterling told a probate court judge on Monday that the Los Angeles Clippers co-owner had been duped into medical examinations that determined he lacked the mental capacity to have a say in the $2 billion sale of his team. Sterling’s attorneys, speaking during a pre-trial hearing in the legal battle for control…
The Forward’s Israel correspondent, Nathan Jeffay, has passed on to me a letter he received. Referring to Jeffay’s May 23 dispatch on Maccabi Tel Aviv’s winning Europe’s 2014 basketball championship cup, it states: “In your article, you mistakenly say that the Hebrew word kushim, when used by Israelis to refer to Maccabi’s black players, is…
Shelly Sterling on Wednesday was granted a trial next month in Los Angeles to resolve a dispute with her estranged husband Donald Sterling over who controls the NBA’s Los Angeles Clippers, leaving its $2 billion sale up in the air. Shelly Sterling has asked a probate court to confirm her as the controlling owner of…
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….
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