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

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

Cosby to be deposed in sexual abuse lawsuit


Bill Cosby was expected to testify under oath in a lawsuit brought by a woman accusing the veteran comedian of sexual abuse.

in Entertainment

OPENING WEEKEND: Biopic ‘Steve Jobs’ competes against ‘Pan,’ ‘The Walk’


Here's a look at the movies set to open nationwide this weekend.

in Viral Videos

WATCH: Soldier breaks rank to hug daughter at homecoming


Top brass at a Colorado Army post are all smiles after a 2-year-old girl interrupted a general's speech to dash across the room and hug her dad, who had just come home from a nine-month deployment.

in Music

Dwight Yoakam producing music-centered comedy series


"Belles and Whistles" will follow the fortunes of an ambitious dad who moves his dysfunctional family to Nashville to pursue his lifelong dream of becoming a country singer.

in Entertainment

‘Ant-Man’ sequel and three more Marvel movies are coming


The superhero universe will add three more as of yet unnamed movies by 2020.