Shelly Sterling Rumors
Former Clippers owner Donald Sterling lost his appeal Monday to regain the team his estranged wife sold last year for a record $2 billion after he was booted from the NBA for making discriminatory remarks about black people. The 2nd District Court of Appeal said Shelly Sterling properly removed her husband from a family trust that owned the team and that the sale to former Microsoft CEO Steve Ballmer prevented the trust from an “extraordinary loss.” Shelly Sterling took control of the family trust after a recording surfaced of Donald Sterling making offensive comments to a young girlfriend about black people and other minorities.
The appeals court said Donald Sterling failed to show the judge committed any legal error. The three-judge panel also noted that before Sterling refused to sign off on the sale he had congratulated his wife on the price she negotiated. “Wow, you really did a good job,” he exclaimed. The price was $400 million above the next-best offer and far above what anyone thought the team, a perennial loser that was on the rise, would fetch.
Former Los Angeles Clippers owner Donald Sterling is seeking a divorce from his wife. His attorney Bobby Samini says Wednesday the papers citing “irreconcilable differences” were submitted in Los Angeles County Superior Court roughly two weeks before their 60th anniversary.
Ramona Shelburne: Never thought I’d see the Sterlings divorce. Lets see if they actually do. So much money & property to disentangle after 60 years. Shelly Sterling told ESPN in April that $1 billion of the $2 billion sale of the Clippers is still frozen until Donald signs off on the sale. Shelly Sterling said that of the $1 billion that was transferred into the trust she controls, she’s paid out $600 million in taxes & fees
Ramona Shelburne: Donald Sterling’s lawyer Bobby Samini has asked for a full accounting. “We want to know where the money went. A billion is a lot of money”. Donald Sterling, essentially, has received nothing yet from the sale because he’s still suing the league & Shelly. Shelly Sterling controls the family trust, if u remember, because doctors declared him mentally unfit to control business & legal affairs. ESPN also reported back in April that Donald and Shelly still spend time together despite their separation http://es.pn/1KRWVf2
But in looking at how she spent this past year, it does seem that she’s been looking for a way forward while preserving the parts of the past she never wanted to let go. “It was very difficult for me to lose the team,” she says. “It was like my family. I’ve seen them [the Clippers] grow for 33 years. The coach [Rivers] used to be our player. And now to see his son [Austin Rivers] play, it’s like part of your family. “I never wanted to sell it, and we never would’ve sold it. But I didn’t want to see it being dismantled. I mean, maybe they wouldn’t even play for the whole year. I didn’t know what the league was going to do. The only thing I knew is that I had to keep the team from being dismantled.”
“My family didn’t talk to me for a while, because I was selling the team. They were all against me,” she says over a late-afternoon snack around the small table in their airy, beach-facing kitchen. The Sterling family had owned the Clippers for 30 years. It’s who they were. And in a little over a month, that life was finished. Shelly hasn’t given any interviews in the year since she sold the team to Steve Ballmer for a record $2 billion on May 29, 2014. When people ask to take pictures with her, she politely declines. “That’s not my role,” she explains. “My role is to not be known.”