DTS Agrees to sale. Will not pursue legal action [ESPN]

torocan · Jun 4, 2014

Donald Sterling won't pursue lawsuit

Banned owner Donald Sterling has approved the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer and won't pursue further legal action related to the transaction, his attorney told ESPN.com's Ramona Shelburne in an email Wednesday.

Max Blecher said Donald Sterling had settled with wife Shelly regarding the sale and that the NBA agreed to not sue him for anything a day after Sterling, in an interview with NBC4 during a charity function, said he was ready to "move on."

NBA commissioner Adam Silver banned Clippers owner Donald Sterling from the league for life in the wake of Sterling's racist comments. Full coverage »

"I feel fabulous, I feel very good," Sterling told NBC4 on Tuesday night when asked how he felt about his wife selling the team. "Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good."

Donald Sterling -- who had yet to sign anything as of Wednesday night, a source told ESPN.com -- sued the NBA on Friday seeking $1 billion in damages but will withdraw that suit, Blecher said. Commissioner Adam Silver also was named as a defendant in the lawsuit.

The source said the expectation is that Sterling will officially sign off on the sale, and that his people -- Blecher included -- are encouraging him to do so.

"I'm OK, I'm OK," Sterling said Tuesday. "Is the NBA OK? I'm not sure about that. Is Adam Silver OK? I'm sure he's OK."

Once the NBA approved Ballmer's bid to buy the Clippers on Friday, a hearing to determine Donald Sterling's future was canceled. Instead, the NBA Board of Governors will vote on the deal agreed upon by Shelly Sterling and Ballmer, who bid $2 billion for the team.

Donald Sterling will still be banned from the NBA for life, a source told ESPN.com.

Shelly Sterling, as part of a settlement with the league and a condition of the sale to Ballmer, had indemnified the NBA against future legal action by her husband, essentially meaning that even if he won his lawsuit, the Sterling family trust -- which she controlled after Donald Sterling was found by neurologists to be mentally incapacitated -- would pay the damages.

The NBA has set no timetable for a vote to approve Ballmer, but he is expected to easily be accepted by three-fourths of the other 29 owners.
Click to expand...

http://espn.go.com/los-angeles/nba/...ights-los-angeles-clippers-sale-attorney-says

And the saga ends with a whimper.

Well played Adam Silver... well played.

PhatPharaoh · Jun 4, 2014

won't believe it until the transaction is over. I think sterling is definitely capable of changing his mind, but great news nonetheless.

adobo · Jun 4, 2014

Makes business sense for him......he would go down as a business moron if he refused

heypartner · Jun 4, 2014

He's still banned for life??

"Donald Sterling will still be banned from the NBA for life, a source told ESPN.com."

Awesome · Jun 4, 2014

adobo said: ↑

Makes business sense for him......he would go down as a business moron if he refused
Click to expand...

Even if he didnt want to, you just dont pass up on a cool 2 Billion just because. He'll never get that much money at one time ever again.

Ziggy · Jun 5, 2014

Awesome said: ↑

Even if he didnt want to, you just dont pass up on a cool 2 Billion just because. He'll never get that much money at one time ever again.
Click to expand...

Well, he's too old to spend it. He leaves the team to family... 20 years from now it's likely worth well over 2 billion.

Forums

DTS Agrees to sale. Will not pursue legal action [ESPN]

torocan Member

PhatPharaoh Member

adobo Member

heypartner Contributing Member

Awesome Member

Ziggy QUEEN ANON

Share This Page

About ClutchFans

Rockets Content

Support ClutchFans!