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