The $2 billion sale completed Tuesday will not be affected by the Clippers ex-owner’s appeal.
The day after the $2 billion sale of the Los Angeles Clippers was completed, an appellate court has denied former owner Donald Sterling’s petition to stay the ruling that made it happen.
“The evidence before this court indicates the sale of the Los Angeles Clippers to Steven Ballmer has closed. Petitioner has failed to show otherwise. Thus, there is nothing for this court to stay,” the court order reads. “Even if the sale had not closed, petitioner has failed to show that the balancing of the relative harms favors granting a temporary stay.”
The record-breaking sale to former Microsoft CEO Ballmer was signed and delivered minutes after Los Angeles Superior Court judge Michael Levanas submitted his final statement of decision approving it on Tuesday. That afternoon, attorneys for Sterling filed their petition for the ruling to be suspended.
“While we have no doubt Donald Sterling will appeal to the Supreme Court, we are beyond thrilled and gratified and supremely confident that this is now over and done and Steve Ballmer is the undisputed owner of the Los Angeles Clippers,” Ballmer’s attorney Adam Streisand told The Hollywood Reporter in a statement.
Levanas’ ruling concluded a three-week probate trial in which he found that Donald’s wife, Shelly Sterling, had properly negotiated the sale of the team to Ballmer. When her husband had objected suddenly to the sale, she had legitimately removed him from the family trust that owned the team, Levanas found, and the sale could continue even once Donald had revoked the trust.