Billionaire Donald Sterling loses appeal to reverse $2B sale of LA Clippers
LOS ANGELES (AP) — A California appeals court has rejected former Clippers owner Donald Sterling’s attempt to reverse the $2 billion sale of the team.
The 2nd District Court of Appeal ruled Monday that Sterling failed to show any legal error by a Los Angeles Superior Court judge who approved the sale last year.
Sterling’s estranged wife sold the team to former Microsoft CEO Steve Ballmer after the NBA threatened to seize the team after banning Donald Sterling for life for making derogatory remarks about blacks.
The 81-year-old billionaire sued his wife of six decades for seizing the family trust that owned the team after two doctors found he had signs of Alzheimer’s.
Sterling has since filed to divorce Shelly Sterling.
Donald Sterling also has sued his wife and the NBA in federal court.