Who Will Own the Clippers Next?

There are no guarantees that the other owners will vote to force Donald Sterling to part with the Clipper, but here's the list of who's interested, just in case.

Magic Johnson. Patch file photo.
Magic Johnson. Patch file photo.

Originally posted at 9:21 a.m. April 30, 2014. Updated with new details.

A 10-member advisory/finance committee of NBA owners will meet tomorrow to begin discussing the steps required to force Donald Sterling to sell the Los Angeles Clippers.

NBA Commissioner Adam Silver announced Tuesday that Sterling was banned for life from the league for making racist remarks that were recorded and made public over the weekend on a pair of websites. Silver also fined Sterling $2.5 million.

Silver said he would take whatever steps were necessary to force Sterling to sell the team. The league's Board of Governors can force a sale, if three-quarters of the 29 NBA team owners vote in favor of such a move. Silver said Tuesday he was confident he would have enough support to force Sterling out.

It was unclear how soon the league's owners might vote on the issue. It was also unclear if Sterling would fight such a move.

In the meantime, rumors are already swirling about potential buyers of the franchise, which Sterling bought in 1981 for $12.5 million but is now valued at at least $575 million -- making it the league's 13th most valuable team, according to Forbes.

CBS News reported that Oprah Winfrey was interested in partnering with entertainment industry mogul David Geffen to buy the team, if it becomes available. Officials from Geffen's office told the Los Angeles Times that Geffen "would be interested in buying the franchise" if Sterling puts it up for sale.

Real estate developer Rick Caruso told The Times he would also be interested in leading or joining a group to buy the franchise. Magic Johnson's name has also surfaced, although he has downplayed the rumors.

Boxer Floyd Mayweather Jr. also told The Times he would like to put together a group to make an offer and was "very, very interested in buying the Clippers."

Patrick Soon-Shiong -- a billionaire doctor, biotech investor and longtime Los Angeles sports fan who previously  bought Johnson's stake in the Lakers, is also believed to be interested in the Clippers, according to The Times.

--City News Service

George Vreeland Hill April 30, 2014 at 01:19 PM
We are jumping the gun. Even though the NBA banned and fined Donald Sterling, it does not mean at the moment that he is permanently gone. If he chooses to take the NBA to court over the matter, he could have a strong case. His remarks were made in private and not in public and taping what he said and then broadcasting it could be an invasion of privacy even though his words were racist. There are are lot of legal matters to contend with and any talk of a new owner is premature. Sterling may accept his punishment and sell, or he may fight the matter in court and even end up overturning everything the NBA did. I hope not as Sterling is a slap in the face to society and sports. Also, the backlash would be enormous he he stayed in control of the team.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »