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US judge approves record sale of Clippers
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EMBATTLED Los Angeles Clippers owner Donald Sterling lost his attempt to block the US$2 billion sale of the team to former Microsoft CEO Steve Ballmer.
In allowing the deal to go forward, Superior Court Judge Michael Levanas sided on Monday with Sterling’s estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks.
Shelly Sterling sought the probate judge’s approval to ink the deal after taking away her husband’s control of the family trust that owned the team because doctors found he had signs of Alzheimer’s disease and couldn’t manage his affairs.
The judge said Shelly Sterling had negotiated a good deal and that her removal of her husband as a co-trustee was in good faith and not part of a secret plan to seize the team.
Shelly Sterling hugged her lawyer and wept after the judge explained his ruling from the bench.
“I can’t believe it’s over,” she said. “This is the best thing.”
An unusual provision of the ruling bars Donald Sterling from seeking a court-ordered delay of the sale as he appeals. His lawyers plan to seek permission from an appellate court to file an appeal.
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