Donald Sterling surrenders control of Clippers to wife
By TAMI ABDOLLAH Associated Press May 23, 2014 12:41PM
FILE - In this May 19, 2012, file photo, Los Angeles Clippers owner Donald Sterling, left, and his wife Rochelle watch during the second half in Game 3 of an NBA basketball playoffs Western Conference semifinal against the San Antonio Spurs in Los Angeles. An attorney representing the estranged wife of Clippers owner Donald Sterling said Thursday, May 8, 2014, that she will fight to retain her 50 percent ownership stake in the team. (AP Photo/Mark J. Terrill)
Updated: May 24, 2014 1:16AM
LOS ANGELES — Donald Sterling has agreed to surrender his stake of the Los Angeles Clippers to his wife, and she is moving forward with selling the team.
A person with knowledge of the negotiations told The Associated Press Friday that the couple made the agreement after weeks of discussion. The individual wasn’t authorized to speak publicly about the agreement.
Shelly Sterling is working to resolve the dispute amicably but wants to “have meaningful control” over the transaction.
Commissioner Adam Silver banned Donald Sterling for life and fined him $2.5 million because of racist comments. The league has charged him with damaging the league and its teams.
Team owners are moving forward with a vote on whether to terminate his ownership. Sterling has until May 27 to respond.