.png)
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 said in an email to ESPN.com's Ramona Shelburne on 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 to NBC4 during a charity function, said he was ready to "move on."
"I feel fabulous, I feel very good," Sterling told NBC4 on Tuesday night when asked how he felt about his wife, Shelly, 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 had sued the NBA on Friday seeking $1 billion in damages but will withdraw that suit, Blecher said. Commissioner Adam Silver was also named as a defendant in the lawsuit.
"I'm OK, I'm OK," Sterling said Tuesday. "Is the NBA OK? I'm not sure about that. Is [NBA commissioner] 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.
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 he 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 3/4ths of the other 29 owners.
Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
No comments:
Post a Comment
Comment Policy:
The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.
This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.
The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.
To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.
Thank you for your attention.
The Elder Statement