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Shelly Sterling going to court, concerned Steve Ballmer could back out of deal

Shelly-Sterling-Donald-SterlingNow that Donald Sterling seems to have made up his mind that he is going to fight to keep the Los Angeles Clippers, his wife Shelly Sterling has decided she will take Donald to court in an attempt to finalize her control over the Sterling Family Trust.

According to Tami Abdollah of the Associated Press, Shelly is seeking an emergency order for a hearing to try to convince a judge to grant her full authority to sell the Clippers. Shelly has previously stated that she is the sole trustee of the Sterling Family Trust and does not need Donald to sign off on the sale of the team after neurologists determined last month that he suffers from dementia and is “mentally incapacitated.”

Sterling’s lawyer Max Belcher claims Donald is fully capable of handling his own affairs.

“There isn’t the slightest evidence he’s incapable of managing his affairs,” Belcher said.

A separate report from TMZ claims Shelly is growing concerned that former Microsoft CEO Steve Ballmer could back out of his $2 billion agreement to purchase the Clippers. The tentative deal between Shelly and Ballmer reportedly contains an escape clause for Ballmer if it is determined that she does not have clear control over the team.

Should Donald win his case against Shelly and prove he is mentally fit to remain owner of the Clippers, the NBA will revert to its original plan of forcing Sterling out through a vote. David Aldridge of NBA.com reports that the league “initiated termination protocol” against Sterling last month but halted the process when it appeared Sterling was going to agree to give up the team.

The only thing we are certain of as the saga rolls on is that there are a ton of moving parts. That means the entire ordeal is going to take some time to sort out. Whether the legal proceedings are enough to scare Ballmer away remains to be seen.

Steve Ballmer deal to buy Clippers reportedly signed by Sterling Trust

Donald Sterling Anderson Cooper

Even though former Microsoft CEO Steve Ballmer reportedly won the bidding to purchase the Los Angeles Clippers, Donald Sterling’s attorney was making a lot of noise saying that the current team owner would not sign off on a sale. But it looks like that might not matter.

According to ESPN LA’s Ramona Shelburne, the Sterling Trust signed off on the sale (aka Shelly Sterling), which means a second signature of approval from Donald would not be needed.

It’s been said all along that Sterling would do anything possible to block a sale of the team, so we fully anticipate seeing him exercise all legal avenues to fight this. But it’s pretty clear the NBA is dead-set on moving forward in the process. They’ve essentially forced Sterling out whether he liked it or not, and they did so quickly.

If the team actually is sold and a deal is approved by the Sterling Trust, I don’t imagine it will be reversed by a court. If anything, maybe the league or new ownership group will have to pay some extra fees to Sterling, but I think this baby is moving forward.

The deal just now needs NBA approval. Ballmer already has been approved by the league for a potential purchase in the past, so you have to imagine he’ll be approved once again.

Steve Ballmer reportedly to buy Clippers after $2 billion winning bid

Steve BallmerFormer longtime Microsoft CEO Steve Ballmer has won the purchase of the Los Angeles Clippers with a $2 billion bid, according to a report.

The news was first reported by the LA Times’ James Rainey.

CBS News’ Norah O’Donnell reported that at least three bids ranging from $1.2-$1.8 billion came in before Ballmer won the bidding with his $2 billion bid.

The lawyer for Donald Sterling’s wife said that they had been offered $2.5 billion for the team. Looks like that figure was high, but not by too much. $2 billion is a lot of cheddar for the franchise, but like I said before, the demand for such a desirable team filled with legitimate stars and located in such a desirable city was sure to drive bidding higher than expected.

The Times says Ballmer beat out groups led by David Geffen and also the Guggenheim Group, which is the same crew that recently purchased the Dodgers. The $2 billion figure is just below the $2.1 billion the Guggenheim Group paid for the Dodgers.