News

Bank of America hired to sell L.A. Clippers

Bank of America hired to sell L.A. Clippers

CLIPPERS CONTROVERSY: Shelly Sterling, pictured here at a Clippers game with her attorney, has begun negotiating with the NBA to sell the team. Photo: Associated Press

By Ronald Grover

(Reuters) – Bank of America, hired over the weekend to sell the Los Angeles Clippers, has begun contacting potential buyers for the National Basketball Association (NBA) franchise, according to two people with knowledge of the contacts.

Clippers owner Donald Sterling, banned from the NBA for racist remarks, handed controlling interest in his team to his wife, Shelly Sterling, the co-owner, and she has begun negotiating with the league to sell the club, Reuters reported on Friday, citing sources.

John Yiannacopoulos, a spokesman for Bank of America, did not return a phone call and email.

PHOTOS: Banned from sports

The NBA has scheduled a hearing for June 3, when Donald Sterling can address the charges to his fellow owners. The league could vote to terminate his ownership of the franchise, which would take a vote by 23 of the other 29 owners, the NBA said in a May 19 press release.

NBA Commissioner Adam Silver said last week he would prefer to let the Sterlings sell the team “on a reasonable timetable” rather than proceed with trying to forcibly terminate their ownership.

The family is said to want at least $1 billion for the team. At least six bidders have contacted Shelley Sterling about buying the team, according to ESPN.

Donald Sterling, controlling owner of the Clippers for 33 years, came under fire when TMZ.com posted an audio recording of him berating a female friend for publicly associating with black people, including NBA great Earvin “Magic” Johnson.

Bloomberg earlier reported news of Bank of America’s hiring.

(Reporting by Ronald Grover; editing by Julian Linden)

Recent Headlines

in Entertainment

Today in entertainment history: July 31

Fresh
WENN

A look at the Hollywood headlines that went down in history.

in Entertainment

‘Girls’ star Allison Williams to play Peter Pan on live TV

alisonwilliams

The star of the HBO comedy will play Peter Pan opposite Christopher Walken as Captain Hook in the TV musical special "Peter Pan Live! on NBC."

in Music

Miranda Lambert working on comedy screenplay

miranda

Miranda Lambert is hoping to add screenplay writer and actress to her resumé.

in Entertainment

Chris Pratt goes from slob to heartthrob

chrispratt

With a more buff physique than his character Andy Dwyer on "Parks and Recreation," Pratt combines cocky and dorky into an unlikely leader of a band of outcasts bent on saving the galaxy.

in Viral Videos

Little girl doesn’t want her brother to grow up

Sister Grows Up

Five-year-old Sadie doesn't want her little brother to grow up because he's too cute now as a baby.