Donald Sterling agrees to sell Clippers
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E-mail Xinhua, June 5, 2014
Donald Sterling's lawyer said Wednesday the banned owner agrees to sell the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer, and won't pursue lawsuit against the NBA.
Attorney Maxwell Blecher confirmed Sterling backs the 2 billion U.S. dollars sale and wouldn't seek 1 billion dollars in damages that he filed against the league on Friday.
NBA Commissioner Adam Silver was also named as a defendant in the suit which alleged breach of contract and anti-trust and civil rights violations.
Silver had banned Sterling for life from all NBA activities, and fined the him 2.5 million dollars.
The NBA said last week Sterling's wife Shelly, head of the Sterling family trust, had indemnified the league against further legal action in relation to the case. Therefore, even if Sterling pursued and won the case, the damages would have been paid by the trust.
The sale will become official with the approval of three quarters of the remaining 29 owners of the club.
Steve Ballmer, CEO of Microsoft from 2000 until February this year, reassured Clippers fans last week that he didn't intend to move the club to any other city.
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