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‎05-30-2014 09:49 PM
It was not if, it was when. And when was Friday afternoon.
NBC News has learned banned NBA owner Donald Sterling plans to file (likely Friday afternoon in Los Angeles) an anti-trust and other violations lawsuit against the NBA seeking $1 billion plus treble damages. The goal of this lawsuit is to seek damages from the NBA for his lifetime ban and the termination of his ownership (something the league has worked toward but has not been voted on by the other owners, the hearing is set for June 3).
Sterling may file another lawsuit is to block the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer, reports Adrian Wojnarowski of Yahoo Sports via Sterling’s attorney Max Blecher.
The NBA announced its deal with Shelly Sterling and the Sterling Trust is official and the sale to Ballmer can go through. As part of that the NBA has agreed to drop its effort to vote the Sterlings out as owners in exchange for indemnity — meaning the Trust would pay any NBA losses to Donald Sterling in court. Meaning Sterling is essentially suing himself if he goes through with this.
Donald Sterling’s lawyers have vehemently denied he is incapacitated.
Sterling has been expected from the start to fight the forced sale of this team by the league. NBA Commissioner Adam Silver came out in the wake of a recording made public by TMZ (and later a Donald Sterling interview on CNN) and banned Donald Sterling for life, fined him $2.5 million and started the procedure to strip him of ownership.
Shelly Sterling set up the sale with Ballmer (this would be a cleaner process for the league that removing the Sterlings as owners and selling the team themselves). To do that she had to have Donald declared mentally incapacitated so she had sole control over the family trust, allowing her to execute the sale. Both sides here confirm that Donald met with neurologists in the last month who tested him — the results of those tests are what is in question.
Donald Sterling and his wife Shelly each owned half of the Los Angeles Clippers through the Sterling Family Trust (he was the recognized primary owner by the league) but she had him declared mentally incapacitated, making her the sole trustee and clearing the path for the sale of the team to Ballmer for $2 billion.
‎05-30-2014 09:51 PM
Go ahead Mr. Sterling. While I do not agree with his comments captured in the illegal recording, the NBA should not be able to wrestle away his business imo.
‎05-30-2014 09:59 PM
Sydney ~ I think the interesting thing is is that the NBA can... due to the agreement he signed with them...love the legal drama......
‎05-30-2014 10:03 PM
On 5/30/2014 MickD said:Sydney ~ I think the interesting thing is is that the NBA can... due to the agreement he signed with them...love the legal drama......
Guess anything is possible, but they should have to pay to do it. After all, they did not use their mysterious bylaws to oust him previously when he was actually charged with civil infractions.
‎05-30-2014 10:05 PM
Sydney ~ Excellent point...I am going to have to ask DH/attorney.....
‎05-30-2014 10:42 PM
On 5/30/2014 SydneyH said:Go ahead Mr. Sterling. While I do not agree with his comments captured in the illegal recording, the NBA should not be able to wrestle away his business imo.
Sydney, lawyers have said that where they were during the recording, it was legal as long as one person knew about it. She did.
Personally, I don't agree with that law.
‎05-30-2014 10:43 PM
On 5/30/2014 MickD said:Sydney ~ I think the interesting thing is is that the NBA can... due to the agreement he signed with them...love the legal drama......
Yeah, it will be interesting and could drag on for years.
‎05-31-2014 12:09 AM
I heard he had dementia. The guy didn't sound right to me- in his recorded diatribe or his interview with AC. Same with Cliven Bundy. Unless old racists all sound demented.....
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