HoopsHype Shelly Sterling rumors

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

July 24, 2014 Updates

Drafts of the Los Angeles Clippers' sale bid book show exactly how much Steve Ballmer is willing to overpay for the team. The bid book was entered as an exhibit by Shelly Sterling's lawyers in a trial in California probate court to determine whether she should have the right to sell the team without her husband, Donald. ESPN.com

The book, called "Project Claret" so as not to give away on the cover sheet that these numbers are indeed the financials of the Clippers, reveals that the team is projected to finish the year with $62.3 million in revenues from ticket sales, $25.8 million from its local cable contract and $24.1 million in additional team revenue. The Clippers are also projected to receive $52.7 million on the season in shared national league revenue, according to the document. After taking away player payroll costs, total operating revenue for the 2013-14 season is projected to be $100 million. Valuation multiples are usually based on total revenues, so the $164.9 million before player costs are extracted equals more than 12 times less than the $2 billion sale price. ESPN.com

July 23, 2014 Updates

Testimony in the weeks-long probate trial between Donald Sterling and his estranged wife, Shelly, concluded Wednesday, with closing arguments set for Monday in a case that could help lead to resolution of Shelly's impending $2 billion sale of their Los Angeles Clippers to former Microsoft CEO Steve Ballmer. Donald's side finished presenting its case and did not, as expected, recall Shelly to the stand. USA Today Sports

Instead, Dr. Jeffrey Cummings, an expert on Alzheimer's and dementia, testified on behalf of Donald that he believes the mental evaluations of Donald conducted by two doctors hired by Shelly were improperly done because Shelly was in the room at the time. "I understand there's a stress between Mr. Sterling and Mrs. Sterling," Cummings testified. "The optimal examination would be conducted with no distractions so that the person being examined could, would be able to concentrate fully on the task at hand. USA Today Sports

July 21, 2014 Updates

Donald Sterling's combative, rambling proclamations on the witness stand — and his vulgar outburst off the stand — have drawn the most attention here in the probate trial that could determine whether his wife, Shelly, can go through with her proposed $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer. But Shelly and her lawyers continue to build momentum in the case. The trial was in recess last week because of scheduling conflicts with the judge and the lawyers. USA Today Sports

July 11, 2014 Updates

Shelly Sterling attended to many details in her rush to sell the Clippers before the NBA would seize the team, but was unaware of the 11th-hour maneuver to push aside her husband and team co-owner, Donald, she told a Los Angeles court Thursday. Sterling said it was only after the deal was nearly sealed her lawyers told her they had obtained doctors' reports on Donald's mental incapacity and she could use the reports to remove him from the family trust that controlled the team. Los Angeles Times

She said she acted lovingly when she urged Donald to be evaluated. Her main concern, she testified, was to assess her husband's deterioration. Donald Sterling's lawyers said regardless of Shelly's motivations, the medical examinations appeared to be part of a cynical set-up by a bunch of "hired guns." Los Angeles Times

They say Shelly Sterling and, in particular, O’Donnell, corrupted the results of Platzer and Spar’s examinations and worked together to oust Donald Sterling from the empire he alone built. “She has to come in (to court) with what the law calls, ‘clean hands.’ And you could see today, it’s not clean,” said Max Blecher, an attorney for Donald Sterling. “It was a vicious little conspiracy that was put together with her and the lawyers.” While on the stand, Shelly Sterling and Blecher shared some heated exchanges about her intent, with Shelly insisting she didn’t know about any behind-the-scenes plan for removal. Orange County Register

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