Categories: Sports

Donald Sterling drops lawsuit against NBA and agrees to sell LA Clippers for $2 billion

Donald Sterling has agreed to sell LA Clippers for $2 billion and drop his lawsuit against the NBA, his lawyer says.

Donald Sterling’s lawyer, Maxwell Blecher, told reporters his client had “made an agreement with the NBA to resolve all their differences”.

Former Microsoft chief executive Steve Ballmer is set to buy LA Clippers in a record sale.

Donald Sterling was fined $2.5 million and banned for life from the league after racist comments he made became public.

Donald Sterling has agreed to sell LA Clippers for $2 billion and drop his lawsuit against the NBA

The NBA announced the ban and fine soon after an audio recording of Donald Sterling emerged in the US media in April, in which he was heard asking a woman not to associate in public with black people nor to bring them to games.

In a subsequent interview with CNN, he said he apologized for a “terrible mistake” and insisted he had been “baited” into making the remarks.

But last week he sued the NBA in federal court, alleging it had violated his constitutional rights by relying on information from an “illegal” recording.

He also sued for damages for the forceful termination of his ownership, but Maxwell Blecher said on Wednesday this lawsuit was now dismissed.

The other team owners in the league will vote on this proposed sale in mid-July, Donald Sterling’s legal team said.

If they approve the sale, it will be a record sum for a team that cost Donald Sterling about $12 million in 1981.

Last week, Steve Ballmer said in a statement he was honored to have his name put forward to the NBA for approval.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

1 week ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

3 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

3 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

3 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

3 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

3 weeks ago