NBA Vote
A number of suitors have been in talks with Shelly Sterling for the team. She wants at least $1 billion for the club that finished with the third-best record in the league this season, according to a person with direct knowledge of the sale process.
She must sell the team by June 3, when the league’s owners will convene and probably vote on Commissioner Adam Silver’s recommendation that the NBA assume control of the franchise and sell it. Twenty-three of 30 owners must approve the forced sale.
Donald Sterling, under league bylaws, has the right to address the owners on June 3 in New York. While his wife moves to sell the club, he told the NBA two days ago in a letter that he should be able to keep the team and called the league’s proceedings against him a “sham.”
“We do not believe a court in the United States of America will enforce the draconian penalties imposed on Mr. Sterling in these circumstances,” read the letter, a copy of which was obtained by Bloomberg News.