5 Jun 2014

Donald Sterling agrees to Clippers sale, to drop NBA suit

12:18 pm on 5 June 2014

The lawyer for American billionaire Donald Sterling says the embattled owner of the Los Angeles Clippers basketball team has agreed to the sale of the team and will drop his $NZ 1.2 billion lawsuit against the NBA.

The 80-year-old Sterling has already been banned for life and fined $2.5 million by the NBA for racist remarks he made in a taped recording.

His estranged wife, Shelly Sterling, last week agreed to sell the franchise to former Microsoft Corp chief executive Steve Ballmer for $NZ 2.4 billion.