Court Documents Reveal Owning The Clippers Is A License To Print Money

Thanks to Donald Sterling's ongoing legal battles, ESPN was able to get its hands on something called a "bid book," a report prepared for the Sterlings by Bank of America that details the Clippers' financials as well as what kind of bids the Sterlings should have expected from prospective buyers. There's a lot to be… » 7/23/14 5:21pm 7/23/14 5:21pm

CFO Of Sterling Trust Says Clippers Sale Necessary To Pay Off Loans

When Donald Sterling dissolved the Sterling Family Trust, the entity that ran the Clippers, he was trying to prevent the sale of the team to Steve Ballmer. It's pretty simple: if the trust did not exist, it couldn't sell anything to anyone. Only, it might not be that simple. According to testimony from Darren Schield,… » 7/22/14 1:01am 7/22/14 1:01am