[net-gold] SPORTS: BASKETBALL: PROFESSIONAL : SPORTS: MANAGEMENT AND ADMINISTRATION: Donald Sterling Ruled Mentally Unfit, Can't Prevent Clippers Sale
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
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- Date: Fri, 30 May 2014 23:17:56 -0400 (EDT)
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SPORTS: BASKETBALL: PROFESSIONAL :
SPORTS: MANAGEMENT AND ADMINISTRATION:
Donald Sterling Ruled Mentally Unfit, Can't Prevent Clippers Sale
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Donald Sterling Ruled Mentally Unfit, Can't Prevent Clippers Sale
Brent Schrotenboer,
12:44 p.m. EDT May 30, 2014
USA TODAY Sports
http://www.usatoday.com/story/sports/nba/clippers/2014/05/30/
donald-sterling-mental-health-shelly-los-angeles-sale-steve-ballmer/
9754549/
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A shorter URL for the above link:
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http://tinyurl.com/mcj64vk
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Los Angeles Clippers owner Donald Sterling does not have the authority to
stop a $2 billion sale of his team because he has been determined to be
mentally unfit to make decisions related to the family trust, a person
familiar with the situation told USA TODAY Sports.
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The Sterling Family Trust owns the team, with Donald and his wife Shelly
each owning a 50% share. The trust spells out provisions and procedures
related to the mental capacity of the trustees, and Donald Sterling did
not meet the standard in a determination by experts, giving his wife sole
decision-making power for the trust, the person said.
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Shelly Sterling reached a deal Thursday with former Microsoft CEO Steve
Ballmer to sell the Clippers for a record $2 billion. The contract was
sent to the NBA for approval a few days before the league's Board of
Governors was set to vote on whether to terminate the Sterlings' ownership
of the team.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
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