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Hoops Fans Get a Lesson in Trusts
By Foster Garvey on 8.7.14 Posted in NBA, Sports, Trusts, Trusts and Estates

The decision of a Los Angeles probate judge on Monday, July 28, 2014, provides a glimpse into the private lives of owners of an NBA franchise.

Judge Michael Levanas, in the Sterling Family Trust matter, evaluated the testimony of both Shelly Sterling and Donald Sterling, found Mrs. Sterling to be more credible and issued a tentative oral ruling giving her authority to move forward with the sale of the Los Angeles Clippers for $2 billion to former Microsoft CEO Steve Ballmer. Mrs. Sterling entered into the sale as the sole trustee of the Sterling Family Trust.

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Tags: Donald Sterling, Los Angeles Clippers, Microsoft, NBA, Shelly Sterling, Sterling Trust, Steve Ballmer

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