Clippers case continues
LOS ANGELES (AP) — Testimony continues today in the case of Sterling vs. Sterling and the Los Angeles Clippers. Among those slated to testify today are Richard Parsons, the interim CEO of the team. Parsons, once known as the “Mr. Fixit” of the business world during his tenure as CEO of Time Warner and Citigroup, will be called as a witness to support Shelly Sterling’s bid to sell the team for $2 billion to former Microsoft CEO Steve Ballmer. Donald Sterling, who owns the team along with estranged wife Shelly, is resisting the sale.
Shelly Sterling also is on the witness list along with Dean Bonham, an expert on sponsorship and marketing issues who is also the president of an NBA franchise. He is a leading negotiator of business and sports sponsorship contracts.
The high-stakes financial fight centers on whether Shelly Sterling was authorized to make a deal with Ballmer for the team’s ownership on behalf of the Sterling Family Trust.