LOS ANGELES (AP) — Shelly Sterling is reviewing bids from five groups interested in buying the Los Angeles Clippers, and a deal could be struck before next week's owners meeting provided both she and her estranged husband Donald relinquish total ownership in the team.
A person with knowledge of the negotiations told The Associated Press on Wednesday if an agreement to sell is reached before next Tuesday, the league's owners wouldn't meet in New York to vote on terminating Donald Sterling's ownership. The individual wasn't authorized to speak publicly because the NBA is not commenting on the process.
The individual wouldn't specify the interested buyers, but says they are major players with considerable financial means. The person told the AP the sale price "appears to be increasing to an unbelievable number," and that it could soar past $1.5 to $2 billion, and possibly more.