News

Shelly Sterling to start charity with stake in Clippers

Shelly Sterling to start charity with stake in Clippers

FEELING CHARITABLE:Shelly Sterling, seen here during a playoff game, wants to start a charity that has a stake in the L.A. Clippers. Photo: Associated Press

By Eric Kelsey

LOS ANGELES (Reuters) – A charitable foundation to be run by Los Angeles Clippers co-owner Shelly Sterling, whose estranged husband, Donald Sterling, is being forced to sell the NBA team after making racist remarks, will have a stake in the franchise, a source close to negotiations said on Monday.

The foundation can have up to a 10 percent share in the team, the source said. It will be co-chaired by Shelly Sterling and former Microsoft Corp Chief Executive Steve Ballmer, who has agreed to buy the team from Sterling for $2 billion.

“Those who will benefit (from the foundation) will be abused and battered mothers, underprivileged children and particularly those in urban, minority communities,” the source said.

PHOTOS: Banned from sports

The foundation, which has yet to be named, will play no part in team operations, according to the source, adding Ballmer had the option to take over 100 percent of the foundation on Shelly Sterling’s death.

In April, Donald Sterling, 80, was banned for life by the National Basketball Association and fined $2.5 million after a tape recording of disparaging remarks he made about black people was leaked to the celebrity news website TMZ.com.

The remarks, released during the Clippers’ playoff run, provoked a wave of public outrage, resulting in sponsors severing ties with the team and players considering a boycott. Most NBA players are black.

Donald Sterling has said his remarks to a “lover” were part of a jealous quarrel that was illegally recorded under California law.

NBA Commissioner Adam Silver, speaking before Game 2 of the NBA Finals in San Antonio on Sunday, said he encouraged Shelly Sterling to put a portion of the sale proceeds into a foundation she would control.

“It will not be a Clippers foundation, it will be a Shelly Sterling foundation or some other name she chooses,” Silver said.

The foundation will not be subject to approval by NBA owners when they vote on approving the sale of the Clippers to Ballmer, the source said.

Donald Sterling’s attorney, Maxwell Blecher, declined to comment on the foundation.

Shelly Sterling gained control of the family trust that owns the Clippers last month after neurologists deemed that her husband had Alzheimer’s disease.

(Reporting by Eric Kelsey; Editing by Peter Cooney)

Recent Headlines

in Entertainment

Robin gig has gone to the girls

jenamalone

The superhero sidekick is set for a sex change in the upcoming "Batman V. Superman: Dawn of Justice" film.

in Viral Videos

If ‘WALL-E’ was a Christopher Nolan film

15-overlay3

Take a look at Pixar's "Wall-E" reimagined as if it was created by the director of "The Dark Knight."

in Entertainment

Jay Leno is the funniest man in America

jayleno

The former "Tonight Show" host received the Mark Twain Prize for American Humor at the Kennedy Center Honors.

in Entertainment

REVIEW: Too familiar ‘Fury’ misses glory

This photo released by Sony Pictures Entertainment shows Brad Pitt as Wardaddy in a scene from "Fury."

Brad Pitt is fantastic, but Fury can't go out in the blaze of glory it aimed for.

in Lifestyle

Microsoft plans to launch smartwatch within weeks

microsoft

Microsoft is launching a smartwatch that will track a user's heart rate and work across different mobile platforms.