HoopsHype Donald Sterling rumors

August 13, 2014 Updates
August 12, 2014 Updates

The NBA filed a counterclaim against Donald Sterling and the Sterling Family Trust in federal court Monday, saying the Clippers owner caused “devastating and incalculable harm” to the league. Filed in U.S. District Court in Los Angeles in response to Sterling’s June antitrust lawsuit against the NBA and Commissioner Adam Silver, the counterclaim seeks to recover damages related to the owner’s recorded comments denigrating blacks. Sterling must indemnify the NBA against losses and litigation according to the league’s constitution and a July 2005 document he signed, the counterclaim said. Shelly Sterling also signed an agreement in May to indemnify the NBA for any litigation costs related to her husband’s lifetime ban from the league, his $2.5-million fine and the franchise’s sale. Los Angeles Times

August 11, 2014 Updates

DS: You know, over the years, we were working on so many different -- you mean, when we were working with Magic Johnson and HIV, or dealing with Latrell Sprewell and the thing with his coach? We were dealing with Ron Artest going into the stands, we were dealing with [Tim] Donaghy, we were dealing with Gilbert Arenas. We were dealing with subsequent lockouts. We managed to keep very, very busy -- like, Holy Moses, what's up today? What's on the table? And so, for us, there was a lot to do. Me: Is $2 billion for the Clippers an outlier? DS: Oh, no, I don't think it's an outlier at all. I think it values one of the markets with the highest television revenue locally. It values the opportunity, the sponsorships, the ticket prices, the building, in a spectacular way. And well deserved. NBA.com

August 9, 2014 Updates

An appeals court denied Donald Sterling's petition late Friday to stay last month's probate court ruling against him, the latest round of legal wrangling over the proposed $2-billion sale of the Los Angeles Clippers to Steve Ballmer. The ruling capped a confused and hectic 24 hours that left all parties back where they started. Sterling's attorneys face a Wednesday deadline to file their objections to the probate court's ruling and presumably take the case to the appeals court again. Miami Herald

August 8, 2014 Updates

Without an appellate court’s intervention, the $2-billion sale of the Clippers to Steve Ballmer could be completed as soon as Friday, attorneys for Donald Sterling claimed in a request for an immediate stay of a probate judge’s decision that could determine the franchise’s owner. “Once that sale goes through,” the petition filed Friday in a state appeals court said, “Donald will have lost a unique and irretrievable asset coveted by high net worth individuals around the world -- one of 30 NBA franchises in the country, and one that under Donald’s 30-year ownership has recently become one of the most successful.” Los Angeles Times

August 3, 2014 Updates

Sterling never hid his infatuation with Stiviano, the personal assistant and caretaker he described as his lover. He stared at her. When they didn't sit together, he waved. To some in the Clippers organization, the relationship created deep concern. "People were worried because he was acting so erratically," said a Clippers employee who would speak about Sterling only if granted anonymity. "He would look across the court at her during games like he was a 12-year-old guy in love with his first crush." Los Angeles Times

Michael Selsman, a friend since 1962, recalled taking a proposal to Sterling. "Barney's is offering $15 million," Selsman remembered saying of the department store's bid to buy the building. "And he said, 'What would I do with another $15 million?.... Too much trouble. Tell them to forget it.'" Selsman said that was Sterling's standard response: "He was famous for saying, 'I buy. I never sell.'" Sterling's real estate acumen contrasts with reports by two doctors retained by Shelly Sterling in May. They claimed her husband is no longer competent to manage his business affairs, that he couldn't draw a clock or spell "world" backward and is in the early stages of Alzheimer's disease. That precipitated his removal as a trustee for the Sterling Family Trust, which owns the Clippers, and allowed his wife's rushed agreement to sell the team to Ballmer. Los Angeles Times

July 30, 2014 Updates

The meeting with Ballmer last Monday was the last, best chance for Donald Sterling to walk away with a shred of conciliation, or dignity. A settlement would have resurrected some shred of decorum. Even disgraced Dodgers owner Frank McCourt scored a photo op with Magic Johnson before exiting the stage. That was Sterling's option, but he had no use for it. Ballmer left the meeting after about an hour and a half and flew back to Seattle. Sterling instructed his lawyers to file a new lawsuit in the morning, this time alleging just about the only thing left to allege, that the shares of the corporation that owns the Clippers are in his name. It's a legal document that independent experts call laughable, and was a waste of time for everyone involved. ESPN.com

July 29, 2014 Updates

In fact, even as Shelly's attorneys were hailing judge Michael Levanas' ruling, they sounded less optimistic than Shelly about the chances of Donald standing down. She said he hoped he would drop two other lawsuits — one seeking $1 billion in damages from the NBA and another seeking to scuttle the sale of the team to former Microsoft CEO Steve Ballmer by arguing the agreement violated corporate law. The chances of that happening? Samini said Sterling gave no indication that he's ready to give up. "He never met a lawsuit he didn't like,'' said Pierce O'Donnell, one of Shelly's attorneys. "We hope at this point that Donald realizes he can't run out the clock forever.'' USA Today Sports

July 28, 2014 Updates

Shelly Sterling -- and the Los Angeles Clippers -- scored a clean sweep over Donald Sterling on Monday when a California judge issued a preliminary ruling that paves the way for the $2 billion sale of the team. Judge Michael Levanas handed down an "oral tentative statement decision" that affirmed Shelly Sterling had the authority to reach an agreement in May to sell the team to former Microsoft CEO Steve Ballmer, who has set an Aug. 15 deadline to complete the deal. The judge said he would review objections before issuing a written ruling. USA Today Sports

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