« Microsoft Research aims to develop smartphones with battery life to last you one week | Main | Marantz unveils new super-slim Network AV receiver NR1605 with built-in Wi-Fi and Bluetooth »
Tuesday
Jun102014

Donald Sterling reneges on $2 Billion LA Clippers sale to Steve Ballmer

Just when we thought the US $2 billion sale of the Los Angeles Clippers to Steve Ballmer was a done deal, we are now hearing that Donald Sterling, who we thought gave his wife the power to sell the team, has decided to block the deal. What's more, Sterling is going after the NBA with a $1 billion lawsuit. How do you like that? Sterling's reason, "I love the team and have dedicated 33 years of my life to the organization. I intend to fight to keep the team." It's awkward and disappointing for Steve Ballmer who thought he had sealed the deal and had an NBA team to own. Is Sterling really going to war against the association or is he angling for a bigger paycheck?

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>