In an interesting twist, Sterling’s wife seems determined to hold on to the team. Many unanswered questions: Does Sterling own the team outright or does his wife own part? Can she be forced to sell her part of the team?
Los Angeles Clippers co-owner Shelly Sterling said Wednesday that she believes she is legally entitled to maintain ownership of the NBA team and will attempt to do so, even as the pro basketball league pushes to remove her husband from the team he has owned for 33 years.
Sterling described her long tenure as a “die-hard” fan of the Clippers and said she believes that the sanctions against Donald Sterling — which included a lifetime ban and $2.5-million fine — do not apply to “me or my family.”
Shelly Sterling’s position presents a “wild card” for the pro basketball league as it faces its biggest crisis in memory, said a league official, who declined to be named because he was not authorized to speak publicly about the matter. Her intention to hold on to the team is a wrinkle apparently not contemplated by NBA officials when they moved nine days ago to strip her estranged husband of ownership.
H/T: LA Times