Tuesday, March 3, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

AP Source: Shelly Sterling reviewing Clippers bids

By
From page B2 | May 29, 2014 |

LOS ANGELES — Shelly Sterling was reviewing bids from five groups interested in buying the Los Angeles Clippers, a person with knowledge of the negotiations told The Associated Press on Wednesday.

The individual, who wasn’t authorized to speak publicly about the deal, said if an agreement to sell is reached before next Tuesday, the league’s owners wouldn’t meet in New York to vote on terminating Donald Sterling’s ownership.

The individual wouldn’t specify the interested buyers, but described them as major players with considerable financial means. The person told the AP the sale price “appears to be increasing to an unbelievable number,” and that it could soar past $1.5 to $2 billion, and possibly more.

Another person familiar with the negotiations said Shelly Sterling’s attorneys, bankers and others involved in the process were in a locked room reviewing the bids, which were due by 2 p.m. PDT Wednesday. The individual wasn’t authorized to publicly discuss the sensitive and competitive negotiations.

Donald Sterling’s attorney, Bobby Samini, said there would be no sale of the team without Donald Sterling’s involvement, though he declined to say whether Sterling was involved in reviewing bids or in touch with Shelly Sterling.

“Mr. Sterling is an owner of the team, and there will be no sale of the team without his involvement,” Samini said.

But a May 22 letter obtained by The Associated Press and written by another one of Sterling’s attorneys says that “Donald T. Sterling authorizes Rochelle Sterling to negotiate with the National Basketball Association regarding all issues in connection with a sale of the Los Angeles Clippers team.” It includes the line “read and approved” and Donald Sterling’s signature.

NBA spokesman Mike Bass said the league’s advisory/finance committee met Wednesday by phone to discuss the separate responses from Donald and Shelly Sterling to the NBA on its efforts to terminate the Sterlings’ ownership of the Clippers.

The first individual told the AP that the league’s owners know a sale couldn’t be completed by next Tuesday. But if an agreement was in place, the NBA would give the Sterlings extra time before holding any meetings.

The individual said the league hopes a voluntary sale would remove the potential of legal action being taken by the Sterlings.

The person told the AP that at this point, with Donald Sterling saying he plans to fight the matter in court, the NBA intends to go forward with the meeting in New York on June 3.

A forced sale would require approval by three-fourths of the league’s 30 owners. NBA Commissioner Adam Silver has said he is confident he would get the necessary votes.

On Tuesday, Donald Sterling issued a fiery response to the league’s attempt to oust him. The league charged that he had damaged it and its merchandising partners with his racist comments about blacks in a recording released last month.

He argued that there is no basis for stripping him of his team because his statements were illegally recorded “during an inflamed lovers’ quarrel in which he was clearly distraught.”

According to the response, a copy of which was obtained by the AP, Sterling says girlfriend V. Stiviano recorded him without his knowledge, which is illegal under California law. He also said he could not have “willfully” damaged the league because he did not know it would be made public.

“We do not believe a court in the United States of America will enforce the draconian penalties imposed on Mr. Sterling in these circumstances, and indeed, we believe that preservation of Mr. Sterling’s constitutional rights requires that these sham proceedings be terminated in Mr. Sterling’s favor,” the response said.

Donald Sterling was banned for life and fined $2.5 million by Silver after the recording was made public.

It is possible Shelly Sterling could complete an expedited sale of the team despite her husband’s legal wranglings, according to Daniel Lazaroff, director of the Sports Law Institute at Loyola Law School in Los Angeles.

“She would have to be willing to go through with a sale that gave her absolutely no retained ownership interest in order to satisfy the league,” said Lazaroff, a law professor at the school. “If she did that, I don’t think the league would stand in her way. If she wants to retain any portion of ownership it wouldn’t work.”

Even if Shelly Sterling accepts an offer, the league has the right to approve potential owners, a lengthy process that would almost certainly not be completed by next Tuesday.

“The best case scenario is she finds a suitable buyer,” Lazaroff said. “That would work for the league and from a financial standpoint that would work for the Sterlings. If the sale price is satisfactory, the smart thing might be to just get out. He’s a businessman who understands buy low and sell high.”

Donald Sterling purchased the Clippers for $12 million in 1981, making him the league’s longest-tenured owner.

He argued in his response to the league’s charges that he can’t get a fair hearing next week because the other owners have already made up their minds to oust him.

Lazaroff noted that Sterling signed the NBA’s constitution when he joined the league, and its bylaws spell out specific procedures for terminating ownership. He said as long as the league follows its own rules it should be on solid legal ground.

“I could see a happy ending to this,” Lazaroff said, “but it will depend on both of the Sterlings being out of the picture.”

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

 
 
Fairfield police seek help to ID injured bicyclist

By Jess Sullivan | From Page: A5

 
New receiver for Parkway Gardens wins praise

By Ryan McCarthy | From Page: A5

College looks at Measure Q project changes

By Susan Winlow | From Page: A5

 
Robots, raucous businessmen set to arrive on big screen

By Amy Maginnis-Honey | From Page: A7

Bridge work to shut down Highway 12 east of Rio Vista

By Kevin W. Green | From Page: A5

 
Caltrans reschedules work on J-Mack Ferry

By Kevin W. Green | From Page: A5

 
Highway 12 Association to meet this month

By Kevin W. Green | From Page: A5

 
State schedules work on Highway 12

By Kevin W. Green | From Page: A5

.

US / World

GOP vote to endorse gay group is momentous but incremental

By The Associated Press | From Page: B2

 
Lawmaker billed taxpayers for private plane to football game

By The Associated Press | From Page: B2

Netanyahu assails Iran deal, touts US-Israel ties

By The Associated Press | From Page: B2 | Gallery

 
‘Naty’ Revuelta, who had daughter with Fidel Castro, dies

By The Associated Press | From Page: B2

Pakistan police arrest parents refusing kids’ polio vaccine

By The Associated Press | From Page: B2

 
UN warns against complacency as Ebola fight enters new phase

By The Associated Press | From Page: B2

Iraq launches operation to retake Tikrit from Islamic State

By The Associated Press | From Page: B2

 
Woman with slain Putin critic says she didn’t see his killer

By The Associated Press | From Page: B2

Storms bring up nearly 3 feet of snow to Lake Tahoe

By The Associated Press | From Page: B2

 
4 people killed, 4 others injured in California car crash

By The Associated Press | From Page: B2

California court rules against sex offender law application

By The Associated Press | From Page: B2

 
State water officials announce modest supplies amid drought

By The Associated Press | From Page: B2

Federal study: Foster kids struggle to get health screenings

By The Associated Press | From Page: B2

 
Mom convicted of killing son, 5, by poisoning him with salt

By The Associated Press | From Page: B2

Well-liked photo teacher found dead in California classroom

By The Associated Press | From Page: B2

 
Budget standoff leaves California college hopefuls in limbo

By The Associated Press | From Page: B2

Georgia woman seeks to delay death for husband’s murder

By The Associated Press | From Page: B2

 
Police chief: Man killed on Skid Row reached for gun

By The Associated Press | From Page: B2 | Gallery

Military judge orders overseer of Gitmo cases replaced

By The Associated Press | From Page: B2

 
Snowy Boston starts removing parking-space savers

By The Associated Press | From Page: B2 | Gallery

 
.

Opinion

Israelis worry about inequality, not Iran

By Daniel Gordis | From Page: A11

 
Editorial cartoon: March 3-4, 2015

By Daily Republic Syndicated Content | From Page: A11

Minority outreach that works

By Jennifer Rubin | From Page: A11

 
State GOP gathers, celebrates modest successes

By Dan Walters | From Page: A11

.

Living

.

Entertainment

Sara Gilbert welcomes baby boy with wife Linda Perry

By The Associated Press | From Page: B3

 
Judge: CeeLo Green in compliance with probation in drug case

By The Associated Press | From Page: B3

 
Clive Owen to make Broadway debut in Pinter’s ‘Old Times’

By The Associated Press | From Page: B3

 
Television’s ‘Judge Judy’ staying in session

By The Associated Press | From Page: B3

Pop channel bringing Daytime Emmys ceremony back to TV

By The Associated Press | From Page: B3

 
Julianne and Derek Hough to hit the road again this summer

By The Associated Press | From Page: B3 | Gallery

Ming-Na Wen: ‘S.H.I.E.L.D.’ role makes me a cool mom

By The Associated Press | From Page: B3

 
TVGrid March 3

By Daily Republic Syndicated Content | From Page: B11

.

Sports

NASCAR falls flat in follow-up to Daytona 500

By The Associated Press | From Page: B1

 
Mayweather and Pacquiao to meet only once before fight week

By The Associated Press | From Page: B1

Michael Schumacher’s son to drive in Formula 4

By The Associated Press | From Page: B1

 
UConn still No. 1 in women’s basketball poll

By The Associated Press | From Page: B1

Kurt Busch to follow guidelines toward NASCAR reinstatement

By The Associated Press | From Page: B1

 
Harrington wins the Honda Classic in a playoff

By The Associated Press | From Page: B1 | Gallery

Catholic school apologizes for racial taunting of hoops foes

By The Associated Press | From Page: B1

 
Curt Schilling fires back after offensive Twitter posts

By The Associated Press | From Page: B1

Wild week leads to changes across AP Top 25 poll

By The Associated Press | From Page: B1

 
New Browns QB McCown barely knows Manziel

By The Associated Press | From Page: B1

Jordan, other NBA owners join Forbes’ billionaire list

By The Associated Press | From Page: B1

 
NFL salary cap increases $10 million to top $143 million

By The Associated Press | From Page: B1

A’s switch-pitcher hopes to find spot with Oakland

By The Associated Press | From Page: B1 | Gallery

 
Sharks trade Desjardins to Blackhawks for Smith

By The Associated Press | From Page: B1 | Gallery

.

Business

Buffett declines to clarify plan to eventually replace him

By The Associated Press | From Page: B4

 
US consumer spending, adjusted for inflation, rose in Jan.

By The Associated Press | From Page: B4

Ikea launches furniture with inbuilt wireless chargers

By The Associated Press | From Page: B4

 
Google, Facebook update contrasting plans to connect world

By The Associated Press | From Page: B4

Minimum wage in 1 Oakland jumps

By The Associated Press | From Page: B4

 
PayPal to acquire mobile wallet provider Paydient

By The Associated Press | From Page: B4

Costco strikes credit card deal with Citi, Visa

By The Associated Press | From Page: B4, 1 Comment

 
Bill Gates repeats at top of Forbes’ list of billionaires

By The Associated Press | From Page: B4 | Gallery

HP’s big deal: Tech giant buys Aruba Networks for $2.7B

By The Associated Press | From Page: B4

 
Next Google Maps adventure: Soaring through Amazon jungle

By The Associated Press | From Page: B4

Dot-com deja vu: Nasdaq tops 5,000, approaching record high

By The Associated Press | From Page: B4

 
.

Obituaries

.

Comics

Wizard of Id March 3

By Daily Republic Syndicated Content | From Page: B4

 
Peanuts March 3

By Daily Republic Syndicated Content | From Page: B4

Baby Blues March 3

By Daily Republic Syndicated Content | From Page: B4

 
Baldo March 3

By Daily Republic Syndicated Content | From Page: B4

Garfield March 3

By Daily Republic Syndicated Content | From Page: B4

 
Get Fuzzy March 3

By Daily Republic Syndicated Content | From Page: B4

Cryptoquote March 3

By Daily Republic Syndicated Content | From Page: B5

 
Frank and Ernest March 3

By Daily Republic Syndicated Content | From Page: B4

Word Sleuth March 3

By Daily Republic Syndicated Content | From Page: B5

 
Bridge March 3

By Daily Republic Syndicated Content | From Page: B5

Dilbert March 3

By Daily Republic Syndicated Content | From Page: B4

 
Beetle Bailey March 3

By Daily Republic Syndicated Content | From Page: B4

Blondie March 3

By Daily Republic Syndicated Content | From Page: B4

 
For Better or Worse March 3

By Daily Republic Syndicated Content | From Page: B4

Pickles March 3

By Daily Republic Syndicated Content | From Page: B4

 
Crossword March 3

By Daily Republic Syndicated Content | From Page: B5

B.C. March 3

By Daily Republic Syndicated Content | From Page: B4

 
Rose is Rose March 3

By Daily Republic Syndicated Content | From Page: B4

Sudoku March 3

By Daily Republic Syndicated Content | From Page: B5

 
Zits March 3

By Daily Republic Syndicated Content | From Page: B4

Sally Forth March 3

By Daily Republic Syndicated Content | From Page: B4