TAMI ABDOLLAH
Associated Press
LOS ANGELES (AP) — Shelly Sterling brokered a deal with former Microsoft CEO Steve Ballmer to sell the Los Angeles Clippers for what would be a record $2 billion if the NBA’s owners approve it.
The terms allow her to remain close to the organization by allowing for up to 10 percent of the team — or $200 million — to be spun off into a charitable foundation that she would essentially run. Under terms detailed in a court filing Wednesday, Sterling also would retain the following perks:
–10 tickets in Sections 101 or 111 for all Clippers games in Los Angeles.
–2 courtside tickets for all Clippers games in Los Angeles.
–6 parking spots in Lot C for each game
–12 VIP passes including access to Lexus Club, Arena Club, or Chairman’s Lounge and media room or equivalent, for each Staples Game.
–3 championship rings following any Clippers title
–Titles of “Owner Emeritus” and “Clipper’s Number 1 Fan” for the rest of her life.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
