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August 10, 2014

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Sterling bid to halt Clips sale denied

A CALIFORNIA appeals court on Friday rejected disgraced Los Angeles Clippers co-owner Donald Sterling’s attempt to have the US$2 billion sale of the National Basketball Association team put on hold until his appeal can be heard.

In denying Sterling’s latest attempt to block the sale brokered by his estranged wife, Shelly Sterling, to former Microsoft Corp chief executive Steve Ballmer, the court said there was nothing for it to review at this time, according to an order posted on the website of the state appeals court.

Shelly Sterling, 79, was given the go-ahead by a Los Angeles probate judge last month to consummate the NBA-record sale as the court said she had the power and fiduciary duty to complete the deal with Ballmer.

Lawyers for the 80-year-old real estate billionaire, who has been banned for life by the NBA for racist remarks, say the probate judge ruled too broadly in allowing the Clippers sale to move forward pending Donald Sterling’s own appeal.

The appeals court’s rejection of Sterling’s petition is another victory for the NBA as the league has so far been able to remove an owner without having to take the action itself, legal observers say.

The all-cash deal is set to be completed by August 15, ahead of the NBA’s September 15 deadline. The league has said it could confiscate the franchise and sell it at auction otherwise.

Shelly Sterling struck the deal with Ballmer in May, a month after the NBA banned her husband after his privately taped remarks imploring a girlfriend not to publicly associate with black people were published.




 

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