Saturday, May 24, 2014

Why Sterling Turned the Clippers Over to His Wife

By Mitchell Epner

Facing a June 3 hearing to terminate the Sterling family ownership of the Clippers, Donald Sterling has transferred his ownership to his wife, Shelly Sterling, who reportedly will seek to control the sale of the team to a third party.

Under the NBA Constitution, this transfer can only take effect with the approval of the NBA. The NBA will only approve the transfer if it has a binding commitment from Shelly Sterling to immediately sell the team. Reportedly, Shelly Sterling has backed down from her earlier vow to fight to keep control of the team and will bind herself to immediately sell.

Why the sudden change of heart?

If the NBA had terminated the Sterlings ownership of the Clippers, the NBA would have controlled the sale process.

Read the rest here.

2 comments:

  1. Well, the cowardly totalitarianism of the Left wins again. I'm surrounded by weak minds.

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  2. I have no wife. It's a good thing to have a wife who respects her husband. Yes, it's a good thing to have a dependable wife.

    ReplyDelete