10 Updates

Donald Sterling Says Clippers Not For Sale, But He May Have No Choice

Apr 29 2014, 4:18pm CDT | by

Those watching the proceedings leading up to NBA Commissioner Adam Silver’s press conference on Tuesday,  pretty much knew that Clippers owner Donald Sterling was in deep trouble. The union for the...

Filed under: news

 
 
 

13 weeks ago

Donald Sterling Says Clippers Not For Sale, But He May Have No Choice

Apr 29 2014, 4:18pm CDT | by

Those watching the proceedings leading up to NBA Commissioner Adam Silver’s press conference on Tuesday,  pretty much knew that Clippers owner Donald Sterling was in deep trouble. The union for the players, owners, even Clippers coach Doc Rivers and the roster of his team in the playoffs had protested in one form or another of Sterling.

Silver laid down the hammer as hard has he had within his immediate power.

“Effective immediately, I am banning Mr. Sterling for life from any association with the Clippers organization or the NBA,” said Silver at the press conference in New York. “Mr. Sterling may not attend any NBA games or practices.  He may not be present at any Clippers facility, and he may not participate in any business or player personnel decisions involving the team.”

Silver wasn’t finished, adding financial penalties. “I am also fining Mr. Sterling $2.5 million, the maximum amount allowed under the NBA constitution.  These funds will be donated to organizations dedicated to anti discrimination and tolerance efforts that will be jointly selected by the NBA and its Players Association.”

That was now. But what couldn’t be done as hastily (or certainly as easily) was completely removing Sterling from ownership. Still, Silver addressed what could occur during Sterling’s suspension by saying, “As for Mr. Sterling’s ownership interest in the Clippers, I will urge the Board of Governors to exercise its authority to force a sale of the team and will do everything in my power to ensure that that happens.”

When asked if Sterling would acquiesce to any forced sale, Silver responded, “I have no idea.”

To that end, Sterling may not go willingly.

Just prior to Sliver formally announcing the suspension and fine, Jim Gray reported for FOX News that Sterling, at least for the moment, has no intentions of letting go of the Clippers saying, the team is “not for sale.”

“He really didn’t want to comment on the record,” Gray said. “However, the team is not for sale and he will not be selling the team.”

But if Sterling doesn’t wish to go willingly, that doesn’t mean that legal battle or not, he doesn’t go.

More than one source is indicating that not only would the NBA Board of Governors support an ouster, but a majority of the owners. In fact, it’s possible that the vote could be 29 in favor, with the lone abstention being from the Clippers

So, as we noted here on Forbes yesterday, there could be ways in which Sterling could exit. For now, it seems the need to force him out is in order. But, over time, as the heated passions of the moment begin to somewhat dissipate, Sterling may change his mind. And maybe the owners, in private, decide to shift was well.

That doesn’t seem like a possibility, given the heated public comments by owners, and the fact that the players and union for them aren’t likely to be satisfied until the public commitments by Silver today run their course.

Sterling may wish to retain the Clippers, but it would take a protracted court case for that to occur. The NBA seems ready to go down that road, if need be.

Follow Maury Brown on Twitter @BizballMaury

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by ro ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rakyat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the s ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.7 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an all ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Baz ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

US sanctions two North Korean shipping companies
Washington, July 31 (IANS) The US government has imposed sanctions on two North Korean shipping companies for their attempt to import arms and related material from Cuba last year.
 
 
Ancient wine cup unearthed in Greece
Athens, July 31 (IANS) A team of Greek archaeologists have unearthed an ancient wine cup that dates back to the fifth century B.C.
 
 
'Ebola could be a threat to Britain'
London, July 31 (IANS) The fatal Ebola virus, which has killed hundreds of people since February, could be a threat to Britain, Foreign Secretary Philip Hammond said.
 
 
China to punish those growing or selling GM crops
Beijing, July 31 (IANS) In a move to prevent illegal sales and growing of genetically modified (GM) crops, which are prohibited in the country, Chinese authorities have vowed zero tolerance and harsh punishment against offenders.
 
 
 

Latest from the Network

Javelin thrower Annu Rani finishes eighth
Glasgow, July 31 (IANS) India's javelin thrower Annu Rani finished eighth in a field of 12 in the women's event, touching a distance 56.37 metres, at the Commonwealth Games here Wednesday night. The gold went to Kim...
Read more on Sport Balla
 
Modi's visit to Buddha's birthplace uncertain
Kathmandu, July 31 (IANS) The visit of Indian Prime Minister Narendra Modi to Lumbini, the birthplace of Gautam Buddha and a Unesco World Heritage Site in Nepal, has not been confirmed yet, a minister said. Nepal's...
Read more on Politics Balla
 
US sanctions two North Korean shipping companies
Washington, July 31 (IANS) The US government has imposed sanctions on two North Korean shipping companies for their attempt to import arms and related material from Cuba last year. The sanctions were imposed Wednesday...
Read more on Business Balla
 
Justin Bieber taunts Orlando Bloom
Justin Bieber has poked fun at Orlando Bloom online. The 'Baby' singer, who narrowly avoided being punched by the British actor during a heated dispute in Ibiza in the early hours of Wednesday morning (07.30.14) that...
Read more on Celebrity Balla
 
JWoww wants to adopt
JWoww is thinking about adopting a child. The former 'Jersey Shore' star, real name Jenni Farley, only gave birth to her first baby, Meilani, on July 13 but she and fiancé Roger Matthews are already considering adoption...
Read more on Celebrity Balla
 
Kiefer Sutherland's London tour guide
Emily Berrington acted as Kiefer Sutherland's London tour guide. Whilst filming '24: Live Another Day' in London, Emily managed to squeeze in some sight-seeing with the show's lead actor, Kiefer Sutherland. The blonde...
Read more on Celebrity Balla
 
Ancient wine cup unearthed in Greece
Athens, July 31 (IANS) A team of Greek archaeologists have unearthed an ancient wine cup that dates back to the fifth century B.C. The team said that the cup was found Wednesday in a grave which was unearthed in...
Read more on Apple Balla
 
'Ebola could be a threat to Britain'
London, July 31 (IANS) The fatal Ebola virus, which has killed hundreds of people since February, could be a threat to Britain, Foreign Secretary Philip Hammond said. The disease has killed more than 600 people in...
Read more on Business Balla
 
Three Israeli soldiers killed in Gaza
Gaza, July 31 (IANS) At least three Israeli soldiers were killed in the Gaza Strip, an Israel Defence Forces (IDF) spokesperson said. "Three IDF soldiers were killed Wednesday night in combat while uncovering an...
Read more on Politics Balla
 
Chris Pratt starved himself for film role
Chris Pratt starved himself for 'Guardians of the Galaxy'. The 35-year-old actor stars as Peter Quill aka Star Lord in the upcoming adventure sci-fi and he's confessed he had to put a lot of hard work into making sure...
Read more on Movie Balla