Shelly Sterling gets Owner Emeritus role with new Clippers ownership. ow.ly/xOnKp Los Angeles Clippers co-owner Shelly Sterling would remain close to the organization under terms of the pending sale to former Microsoft CEO Steve Ballmer, according to two individuals close to the negotiations. The individuals, who are not authorized to speak publicly, told The Associated Press that the $2 billion deal allows for up to 10 percent of the team - or $200 million - to be spun off into a charitable foundation that Shelly Sterling would essentially run.
Posted on: Tue, 10 Jun 2014 01:00:00 +0000
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