Even with $2 Bil Sale to Ballmer, Shelly Sterling to Have a Hand on Clippers

The titles "owner emeritus" and "co-executive director" will be created for her.

Patch file graphic.
Patch file graphic.

The $2 billion sale of the Los Angeles Clippers includes clauses to maintain a novel arrangement for Shelly Sterling to maintain a role with the franchise, and a major charity donation, it was reported today.

Citing sources close to the deal, the Los Angeles Times reported that Shelly Sterling will become "owner emeritus" of the team and give her control of some seats and coveted parking passes at Staples Center. She is also expected to become "co-executive director" of the team, The Times reported.

Microsoft billionaire Steve Ballmer referred to her as "owner emeritus" last week when his bid to buy the Clippers was announced.

The newspaper also reported today that several bidders were interviewed "speed-dating" style by Shelly Sterling, before the express deal was finalized. Ballmer, with about $20 billion in his name, paid cash for the team and has promised to keep it in L.A.

Donald Sterling was reportedly ruled by doctors to be mentally unable to manage the Sterling Family Trust, which owns the team, and his wife of 58 years took control of his half of the trust.

He has reportedly not signed off on the deal with Ballmer and the NBA, and has asked that a $2.5 million fine and lifetime ban from the NBA be lifted as a precondition.

The new foundation will be managed by the Clippers organization, and will thus apparently be separate from the Donald Sterling Foundation. That trust had run newspaper advertisements for years touting its charitable work, but many of the agencies mentioned later said they got very little.

--City News Service

myedor June 08, 2014 at 03:40 PM
I think this is totally wrong for Shelly to have any involvement with the team. It's totally time for the Sterling family to move on...
William Bergmann June 09, 2014 at 12:37 PM
What a joke! A pretend position to alleviate her embarrassment in losing the team. Talk about wearing out your welcome? This is laughable.
mimi June 09, 2014 at 02:33 PM
What a wretched couple! No amount of charitable donations (past, present and future) will ever compensate for the pain and suffering inflicted on innocent people, including their own children. Too little, too late.
tony June 10, 2014 at 10:24 PM
Is it just me or am i so disgusted with this on going saga with the Sterlings. One day they agree to sell next day Donald is suing the NBA. Following day Shelly agrees to sell for 2 Bil. Following day Donald wants to sue Shelly. Is this legal system that crazy or are these money blood sucking attorneys carrying this on to continue billing these millions in legal fees. Take advantage of these incompetent old people and bleed them dry. Other hand, not a bad idea. Get these idiots out of lives. All of them. Stop it already.


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