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Sunday 31 August 2014

Donald Sterling lawsuit against NBA holds up Clippers' sale

Published 09/06/2014 | 07:44

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Los Angeles Clippers owner Donald Sterling attends the NBA basketball game between the Toronto Raptors and the Los Angeles Clippers at the Staples Center in Los Angeles in this December 22, 2008 file photo. The National Basketball Association banned Los Angeles Clippers owner Sterling from the game for life and fined him $2.5 million for racist comments made public over the weekend, the league's commissioner said on April 29, 2014   REUTERS/Danny Moloshok/Files (UNITED STATES - Tags: SPORT BASKETBALL HEADSHOT)
Los Angeles Clippers owner Donald Sterling

NBA Commissioner Adam Silver has said a lawsuit brought by embattled owner Donald Sterling against the league is blocking the completion of the €1.5bn sale of the LA Clippers

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Sterling, 80, sued the NBA and Silver on May 30 seeking at least €750,000 in damages just as the league tentatively approved a deal by his estranged wife, co-owner of the franchise, to sell the club to former Microsoft Corp chief executive Steve Ballmer.

Days later, Sterling's lawyer, Max Blecher, said his client had agreed to the sale and would withdraw the lawsuit. But Silver said the case was still pending and was holding up a final disposition of the deal.

"We're almost there. There is this last piece, and that is the lawsuit that Donald brought against the League and me personally," Silver told reporters before Game 2 of the NBA Finals in San Antonio.

At a news conference before Game 2 of the NBA Finals, Silver said there was "absolutely no possibility" of rescinding the lifetime ban or the €1.8m fine he handed down to Sterling following his racist remarks.

Sterling was banned for life from the NBA in April after a tape recording of disparaging remarks he made about black people was leaked to the celebrity news website TMZ.com, igniting an uproar among fans, players and commercial sponsors of his team.

The NBA commissioner also fined Sterling €1.8m, the league's maximum monetary penalty, and urged its 29 other team owners to take the unprecedented step of forcing Sterling to sell the Clippers, which he bought in 1981 for $12.5 million.

After first threatening not to relinquish the team without a fight, Sterling ceded a controlling interest in the team to his wife, Shelly, who was already a 50-percent co-owner through a family trust, for the purpose of negotiating a sale.

After she struck a deal to sell the Clippers to Ballmer for a league record €1.5bn, Sterling sued the NBA, seeking, among other things, to recoup the capital gains taxes he would have to pay, though Blecher later said the lawsuit would be dropped.

"I have absolute confidence it will be resolved because as part of the sale agreement with Shelly Sterling, she agreed to indemnify the league against a lawsuit by her husband. So in essence, Donald is suing himself and he knows that. While I understand he is frustrated, I think it's over," Silver said.

Reuters

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