The NBA announced Friday that it has resolved a dispute over ownership of the Los Angeles Clippers, and withdrawn the pending charge to terminate Sterlings’ ownership.
The league reached the agreement with Donald Sterling’s wife Shelly, and the Sterling Family Trust which owns the franchise. Shelly as the sole trustee in selling the Clippers to former Microsoft CEO Steve Ballmer on Thursday for $2 billion, which still needs to be approved by the NBA Board of Governors.
A previously scheduled June 3 meeting to terminate Donald Sterling’s ownership has been cancelled.
Donald Sterling’s attorney Maxwell Blecher, said earlier Friday afternoon that his client intends to sue the NBA for $1 billion in damages. Blecher has not yet responded for further comment since the NBA’s latest announcement.