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Donald Sterling Reportedly Close To Selling The Clippers Meaning He’s Going To Break The Bank Soon

By 05.23.14

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The Donald Sterling saga may be officially over, finally.

TMZ broke the news Sterling has agreed to allow his wife, Shelly, to negotiate the forced sale of the Clippers. After threatening to sue the NBA and open up multiple cans of worms, this is essentially Sterling waving the white flag, allowing the NBA to have their sale and cashing out at the very best time.

And cash out he will, multiple reporters, including Brian Windhorst and most vocally Bill Simmons are reporting that the Clippers price tag will be well over $1B and could be as high as $2B.

On Twitter, Simmons mentioned seven potential buyers by name, including the Magic Johnson-Guggenheim group as well as a group of Chinese investors put together by Yao Ming. “The Sports Guy” went on to note that there will probably be well over 10 suitors looking to crack open the checkbook for the Clips and the chance to own a team with two of the most recognizable players in the league.

Simmons also pointed out that by selling now Sterling would save himself a lot of headache as well as money.

The decision by the Sterlings allows them to have some semblance of leverage going into the sale, as it will be a “voluntary” sale and will be negotiated by Shelly. The NBA had already scheduled a meeting for June 3 where owners would have the final vote to terminate the Sterling’s ownership and thereby takeover the sale themselves.

If the league does officially agree to Shelly’s proposal, the biggest bidding war in the history of the NBA will follow.

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TOPICS#NBA
TAGSDONALD STERLINGHEADLINESLos Angeles ClippersSHELLY STERLINGSPORTS

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