Inglewood Scores Big with Legal Victory in Clippers Arena Lawsuit

A California judge handed the city of Inglewood a win by ruling against a group of local residents who sought to block the city from selling public land for a $1.2 billion arena for the NBA’s Los Angeles Clippers. The city of Inglewood accepted $1.5 million for an exclusive negotiation agreement with Murphy’s Bowl LLC, the developer of the proposed arena. The arena is located at a site near Los Angeles International Airport and the land was acquired by the city so that residents would…
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Donald Sterling Throws in the Towel: the Clippers to Steve Ballmer

Donald Sterling decided to withdraw a $1 billion lawsuit against the NBA and agreed to sell the Clippers to former Microsoft CEO Steve Ballmer for $2 billion.  According to an official release, Shelly Sterling in her deal with Ballmer agreed to “indemnify the NBA against lawsuits from others, including Donald Sterling.”  On the other hand, Donald Sterling’s lawyer Max Blecher stated that the decision to withdraw came as a result of the NBA’s agreement not to sue Sterling in return. Sterling’s $1 billion lawsuit against…
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Steve Ballmer Pays $2 Billion for Clippers

The biggest deal ever in the NBA history was announced: Steve Ballmer has signed a binding contract to sell the Clippers with Shelly Sterling for $2 billion.  While the sale is subject to an approval from the NBA, Donald Sterling’s attorneys argue that as a co-owner of the team, he must consent to the deal and he does not plan to do so. Maxwell Blecher, one of Donald Sterling’s lawyers, had conveyed earlier that his client intends to keep the team in his family and…
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