Donald Sterling has signed the Los Angeles Clippers over to his estranged wife, Shelly Sterling a source close to the team confirmed today to ABC News.
Shelly Sterling, who previously shared ownership of the beleaguered NBA franchise with her estranged husband, is now in talks with the NBA over selling the team, the source said.
The NBA banned Donald Sterling for life from all league events after an audio tape became public that caught him on tape uttering racist comments to his assistant V. Stiviano. He told her not to post photos of herself with black people on Instagram — such as Magic Johnson — or bring them to his basketball games.
The Sterlings reached their decision after weeks of discussion following the release last month of his surreptitiously recorded racist remarks, according to the AP.
Sterling, contacted Friday in Beverly Hills, declined to address reports that he was selling the team, which he purchased for $12.5 million in 1981.
“I have no comment, but thank you,” the 80-year-old mogul told the Daily News before hanging up.
Shelly Sterling, his wife of 58 years, declined comment through her attorney. She previously said she would fight to keep her stake in the club if her hubby were forced to sell. But the AP reported she has been in negotiations with NBA lawyers in hopes of brokering a deal before NBA owners can lower the boom.
The husband and wife each own 50% of the Clippers, who share the Staples Center with the Lakers. Donald Sterling is recognized by the NBA as the team’s managing partner.