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By Steve King
Topic - Steve Ballmer
Los Angeles Clippers owner Donald Sterling has filed a new lawsuit in his attempt to retain the team and derail a potential $2 billion sale.
Richard Parsons made the statement in a trial to determine whether Sterling's wife Shelly Sterling can sell the team for $2 billion to former Microsoft CEO Steve Ballmer.
Monday's ruling means the trial can now begin in state court on whether Sterling's estranged wife had authority to negotiate a $2 billion sale of the Los Angeles Clippers.
With the potentially record-breaking $2 billion sale of the Los Angeles Clippers hanging in the balance, a trial beginning Monday will focus on whether Donald Sterling's estranged wife had the authority under terms of a family trust to unilaterally negotiate the deal.
Shelly Sterling's attorneys filed a petition Thursday alleging threats by Donald Sterling and his counsel. A trial next month will look into assertions that Donald Sterling is mentally incapacitated, leaving Shelly Sterling as sole authority to sell the Clippers.
A trial will be held next month to determine whether Donald Sterling, who opposes his estranged wife's planned sale of the Los Angeles Clippers, was properly removed as an administrator for the family trust that owns the team.
Los Angeles Clippers owner Donald Sterling has pulled his support from a deal to sell the team to former Microsoft CEO Steve Ballmer and will pursue his $1 billion federal lawsuit against the NBA, his attorney said Monday.
Attorney Maxwell Blecher says Wednesday that Sterling "has made an agreement with the NBA to resolve all their differences" and approved a deal negotiated by his wife Shelly Sterling to sell the team.
The NBA canceled a hearing to oust Los Angeles Clippers co-owner Donald Sterling, instead moving forward to vote on a record-breaking deal negotiated by his wife to sell the team to former Microsoft CEO Steve Ballmer for $2 billion.
Shelly Sterling reached an agreement Thursday night to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for $2 billion in what would be a record deal if approved by the NBA.
A high-profile NBA franchise in a major media market was suddenly available. A handful of power brokers from the technology, entertainment and venture capital fields were lining up for a chance to join the party.
Investor Chris Hansen says he remains committed to getting the NBA back to Seattle even though he just lost one of his biggest partners in the process.
As the successor to Donald Sterling in the NBA's billionaire club, Steve Ballmer has assured himself of goodwill aplenty.
AP Source: Steve Ballmer, Shelly Sterling reach agreement for $2B sale of Los Angeles Clippers.
Ballmer said in a statement that he is honored to have his name submitted to the NBA for approval.
Last December, from a stage in the middle of Key Arena (the former home of the Seattle SuperSonics, we might add), a teary Ballmer yelled out his appreciation to the company's workers and walked off stage to the song "(I've Had) The Time Of My Life" - a moment that screamed, "Look at me!