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Thursday, December 18, 2014

Donald Sterling was declared mentally incapacitated

Donald Sterling wifeWondering how Shelly Sterling was able to agree to a deal to sell the Los Angeles Clippers to Steve Ballmer without Donald’s approval? Now we have our answer.

According to ESPN LA’s Ramona Shelburne, experts declared Donald Sterling mentally incapacitated. Donald being declared mentally incapacitated allowed Shelly to become the sole trustee of the Sterling Family Trust. The Sterling Family Trust controls the Clippers, with Donald and Shelly each having 50 percent stake in the trust.

Being the sole trustee gave her the power to agree to a sale of the franchise. Shelly did just that, agreeing to let the former Microsoft CEO purchase the franchise for a record price of $2 billion.

Donald’s attorney has been vocal in saying they intend to fight the sale of the team, and you better believe that they will. They’ll go after Shelly, the Sterling Family Trust, Ballmer, and the NBA for arranging this sale without his consent and approval.

This sounds like the ultimate shady move and one that will be challenged in court.



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