CLOSE
93.9 WKYS Listen Live Banner

unnamed

Just when you thought it was over!

Sources are reporting that LA Clippers owner, Donald Sterling, despite being deemed mentally unfit,  plans to sue the NBA for $1 Billion.

 

 

NBCNEWS reports

Embattled Los Angeles Clippers owner Donald Sterling is planning to sue the league after he was forced to relinquish control of the team, NBC News has learned.

A source close to Sterling says that he will file a lawsuit this afternoon seeking damages in excess of $1 billion.

The lawsuit comes after former Microsoft CEO Steve Ballmer agreed to buy the Clippers for a league-high $2 billion. The NBA is reviewing the deal.

 

An attorney for Sterling told NBC News that he has not agreed to sell the Clippers. A vote of three-fourths of the NBA’s owners at next week’s meeting would force a sale.

USAToday reports: 

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.

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.

 

Donald Sterling’s lawyer denies the claims that Sterling is mentally unfit.  This could be a crucial factor as Sterling moves forward with his lawsuit against the NBA. 

 

CNN reports:

Sterling’s lawyer, Maxwell Blecher, firmly shot down this report, calling such a declaration a “vast overstatement.” Blecher said the 80-year-old was diagnosed with a “modest mental impairment” or a “slowing down.”

“(Sterling is) far from incapacitated,” his lawyer said

CLICK HERE FOR MORE ON THIS STORY!

Also On 93.9 WKYS:
Fred Hammond Joins List Of Public Figures With The Coronavirus (Updated November 2020)
32nd Annual Stellar Gospel Music Awards - Arrivals
94 photos
More From KYSDC