Just days after disgraced Los Angeles Clippers owner Donald Sterling filed a questionable antitrust lawsuit against the NBA over the team’s sale, reports say Sterling is now surrendering to the association’s demands.
According to reports, Sterling will agree to a sale of the team and has dropped the lawsuit.
The filing was an odd twist in the scandal, which first began when recordings of Sterling allegedly making racist remarks became public; the NBA responded by banning him for life and demanding that he sell the basketball team.
Following the scandal, Sterling reportedly hired famed antitrust lawyer Maxwell Blecher, hinting at the coming lawsuit. But news of the filing emerged just hours before Sterling’s wife and co-owner of the team reached a tentative deal to sell the Clippers.
Experts wrote off Sterling’s lawsuit as bizarre and without antitrust merit, as the NBA did not force the Clippers’ sale.
Blecher confirmed Wednesday that the lawsuit has been dropped. Sterling’s wife, Shelly Sterling, reached an agreement with former Microsoft CEO Steve Ballmer to offload the team for a record $2 billion. The NBA is reportedly expected to approve of that transaction in the near future.
Full content: USA Today
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC v. Meta Trial Turns to Market Definition
Apr 28, 2025 by
CPI
Marriott to Acquire CitizenM for $355 Million, Expanding Urban Lifestyle Offerings
Apr 28, 2025 by
CPI
Thomson Reuters Urges Third Circuit to Block Ross Intelligence’s Copyright Appeal
Apr 28, 2025 by
CPI
Merck KGaA to Acquire SpringWorks for $3.9 Billion
Apr 28, 2025 by
CPI
Federal Judge Dismisses Mario Chalmers’ Antitrust Lawsuit Against NCAA Over NIL Rights
Apr 28, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece