Tuesday 29 July 2014

Judge gives go-ahead for $2 billion sale of NBA's Clippers

Shelly Sterling, 79, speaks at a news conference with her lawyer Pierce O'Donnell in Los Angeles By Eric Kelsey LOS ANGELES (Reuters) - The estranged wife of Los Angeles Clippers co-owner Donald Sterling can proceed with the record $2 billion sale of the NBA team despite her husband's objections, a judge ruled on Monday, in a likely coda to a case of lingering racism in American sports. Los Angeles Superior Court Judge Michael Levanas said the deal struck by Shelly Sterling with former Microsoft Corp Chief Executive Officer Steve Ballmer was permissible and could be consummated even if Sterling, who has been banned for life from the National Basketball Association for racist remarks, chose to appeal. "She had every good reason to believe that Donald agreed to the sale of the team," said Levanas, who added that he found Donald Sterling's combative testimony at the emotionally charged nine-day trial "often evasive and inconsistent." The ruling was a major victory for an embarrassed NBA and Shelly Sterling, who had asked the probate judge to confirm her as the trustee of the family trust that owns the Clippers.




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