Donald Sterling has lost a court battle to his wife in an effort to stop her from selling the Los Angeles Clippers to Microsoft CEO Steve Ballmer.
Shelly Sterling was awarded a sweeping victory in a tentative oral decision handed down by Judge Michael Levanas, who rejected all of Donald Sterling’s arguments in the probate trial in Los Angeles Superior Court.
The ruling included the extraordinary step of granting Shelly Sterling’s request for an order under section 1310(b) of California’s probate code that allows the sale to be completed regardless of an appellate court’s intervention.
“Ballmer paid an amazing price that cannot be explained by the market,” Levanas said.
Levanas also ruled that Shelly Sterling acted properly when two doctors declared her husband mentally incapacitated in May under terms of the Sterling Family Trust before she proceeded to agree to sell the Clippers to Ballmer.
Shortly after the decision, the NBA praised the ruling in a statement: “We are pleased that the court has affirmed Shelly Sterling’s right to sell the Los Angeles Clippers to Steve Ballmer. We look forward to the transaction closing as soon as possible.”
Ballmer purchased the team for $2 billion.
Thoughts on the ruling?
Should Sterling just cut his losses and let go of the team?
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