LOS ANGELES – Former Clippers owner Donald Sterling lost his appeal Monday to regain the team his estranged wife sold last year for a record $2 billion after he was booted from the NBA for making discriminatory remarks about blacks.
The 2nd District Court of Appeal said Shelly Sterling properly removed her husband from a family trust that owned the team and that the sale to former Microsoft CEO Steve Ballmer prevented the trust from an “extraordinary loss.”
Shelly Sterling took control of the family trust after a recording surfaced of Donald Sterling making offensive comments to a young girlfriend about blacks and other minorities.