Skip to comments.Jurisdictional issue delays Sterling trial
Posted on 07/07/2014 10:31:34 AM PDT by Citizen Zed
A jurisdictional issue has delayed the start of a Los Angeles County Superior Court trial over whether the estranged wife of Donald Sterling has the authority to sell the Los Angeles Clippers for $2 billion to former Microsoft CEO Steve Ballmer.
Shelly Sterling negotiated the team's sale after doctors examined her 80-year-old husband and declared him mentally incapacitated, ousting him as a trustee of the family trust that owns the Clippers.
(Excerpt) Read more at counton2.com ...
We will see what happens. The forces of political correctness thought they had disposed of the Clippers issue. See if certain players refuse to play for the Clippers. See if the NBA gets black eye as this stays in the news.
From the article: “If the sale isn’t completed by Sept. 15, the league said it could seize the team and put it up for auction.”
Something smells fishy. Who would gain by the auction? Balmer might pick up the team at a lower price? Or?
The league won't do that. They'll wait this out. When Sterling's wife told the league she wanted to sell she also signed an agreement indemnifying the league against any actions by any member of the family. So if Sterling loses his competency hearing, and he likely will, then he can continue with his billion dollar suit against the NBA but if he wins then his wife is on the hook for the whole amount. Cancel her sale to Balmer and they're back on the hook if Sterling wins his suit.
Such big risks, thanks for explaining.