Talk Radio Paradise

hfy962464 · Prof. Member Geregistreerd op: 21 Mrt 2018 Berichten: 1215

LOS ANGELES -- Los Angeles Clippers co-owner Shelly Sterling would remain close to the organization under terms of the pending sale to former Microsoft CEO Steve Ballmer, according to two individuals close to the negotiations. Custom Arizona Diamondbacks Jerseys . The individuals, who are not authorized to speak publicly, told The Associated Press the $2 billion deal allows for up to 10 per cent of the team -- or $200 million -- to be spun off into a charitable foundation that Shelly Sterling would essentially run. The deal was negotiated by Shelly Sterling after husband Donald Sterlings racist remarks to a girlfriend were publicized and the NBA moved to oust him as team owner. One of the individuals said Shelly Sterling and Ballmer would be co-chairs of the foundation. The individuals said the foundation would target underprivileged families, battered women, minorities and inner city youths. "To benefit those on the receiving end of Donalds rather abhorrent remarks," one individual said. The idea to allow Shelly to continue some role was floated early on by her attorney, Pierce ODonnell -- neither he nor Shelly Sterling responded to a request for comment -- and it was enthusiastically agreed to by the NBA. "The NBA was all over it in terms of support," one of the individuals said. "It gave her a meaningful role and stake in the team, and gave the NBA 100 per cent sale of the team." However, the NBA made clear she wouldnt be involved with the basketball franchise. "It is not accurate that Mrs. Sterling will have a role with the Clippers or stake in the team," NBA spokesman Mike Bass said. Donald Sterlings attorney, Maxwell Blecher, did not comment. But its unclear if this deal will ever materialize as Donald Sterling still had not signed off on the deals terms because the NBA would not agree to revoke its $2.5 million fine and lifetime ban, according to one of the individuals. Sterling had agreed to sell the team Wednesday and drop his $1 billion federal lawsuit against the NBA assuming "all their differences had been resolved." But now hes considering continuing the suit after being told by intermediaries the NBA wont budge on the punishments doled out by Commissioner Adam Silver after Sterlings racist comments were publicized. Donald Sterlings consent to his wifes potentially record-breaking $2 billion deal was the first sign of an end to weeks of uncertainty. The NBAs owners must approve the deal. Donald Sterlings comments to V. Stiviano included telling her to not bring black people to Clippers games, specifically mentioning Hall of Famer Magic Johnson. They resulted in a storm of outrage from the public and players and even prompted President Barack Obama to comment on what he called Sterlings "incredibly offensive racist statements." Silver ultimately decided to ban Donald Sterling for life and began efforts to force Sterling to sell the team. Donald Sterlings federal lawsuit alleges that the league violated his constitutional rights by relying on information from an "illegal" recording that publicized racist remarks he made to a girlfriend. It also said the league committed a breach of contract by fining Sterling $2.5 million and that it violated antitrust laws by trying to force a sale. For weeks, Donald Sterling said through his attorneys that hed fight the NBAs attempt to oust him as a team owner. But last week Shelly Sterling utilized her authority as sole trustee of The Sterling Family Trust, which owns the Clippers, to take bids for the team and ultimately negotiate a deal with Ballmer. Under the deal Shelly Sterling would also get the title of "owner emeritus" and be entitled to continuing perks such as floor seats, additional seats at games and parking. One of the individuals said the deal also includes conditions that allow Ballmer to buy back the 10 per cent portion of the team for a pre-designated price upon Shelly Sterlings death. "All the proceeds go to charity, its not going to go to her," an individual said. "Shes walking away with a $2 billion check. Thats enough for her." Jorge De La Rosa Jersey . It took five games, but the Celtics finally helped Stevens earn his first NBA victory. "Im going to celebrate for a whole 12 minutes, and then Im going to start watching Orlando and trying to figure them out," the first-year Celtics coach said after Boston beat the Utah Jazz, one of the leagues other winless teams, 97-87 on Wednesday night. Kevin Jepsen Jersey . Liriano pitched in and out of trouble in his duel with Josh Beckett, and Ike Davis homered to help the Pittsburgh Pirates beat the Los Angeles Dodgers 2-1 Friday night. http://www.diamondbacksapparelsshop.com/yasmany-tomas-jersey-c-12/ . Smiths former Atlanta teammates were glad to hang on for an ugly win.PHILADELPHIA -- Lewis Katz, a self-made man who built his fortune in New York parking lots, billboards and cable TV, and went on to buy the NBAs New Jersey Nets, NHLs New Jersey Devils and The Philadelphia Inquirer, died in a weekend plane crash. He was 72. Katz died Saturday night in a Massachusetts crash that claimed six other lives. His death was confirmed Sunday by his son, Drew, and his business partner Harold H.F. "Gerry" Lenfest. Katz grew up in working-class Camden, New Jersey, and worked as a lawyer before earning hundreds of millions of dollars investing in the Kinney Parking empire and the Yankees Entertainment and Sports Network in New York. He went on to become a major philanthropist in the Philadelphia region. "Youve got to make money in the world that we live in, in order to accomplish what your ultimate goal is. But along with making money, equally important is preserving, for the community, a community trust," Katz testified at an April hearing on the Inquirers sale. "Thats what this paper represents." Tributes poured in from prominent figures in sports, media, politics, business and education, reflecting the wide range of his interests and charitable endeavours. NBA Commissioner Adam Silver called him "a visionary"; the Yankees held a moment of silence before Sundays game. Temple University recalled his recent advice to graduates to "have as much fun as you can conjure up." "He was a visionary businessman who touched the lives of so many with his tireless pursuit of innovation and enterprise, as well as his deep commitment to his family, friends and community," Silver said in a statement. NHL Commissioner Gary Bettman in a statement called Katz a man of "tremendous influence" and sent condolences to Katzs family and "the many organizations that benefited from his philanthropy." Katz, in his April testimony, said he had lost money on both the Nets and Devils, but made it big through the 2012 sale of the sports cable network. "We lost our shirt in the Devils and the Nets," he testified. "But for the YES network, Id be back in my law office in Cherry Hill, waiting for the clients to come in again." He hoped to be a hands-off owner of the Inquirer, where his longtime companion, Nancy Phillips, was the city editor. "Im spending, hopefully, a lot more time with my grandchildren and Ive opened a school in Camden for approximately 300 children," he testified. "Im not active in business, anymore." Katz had agreed to invest $16 million for a 26 per cent stake in the Inquirer and Philadelphiia Daily News in 2012 at the behest of former Pennsylvania Gov. Randy Johnson Jersey. Ed Rendell, who wanted to return the newspapers to local ownership after a bankruptcy that left them in the hands of New York hedge funds. But a feud with rival investor George Norcross, an equally powerful business leader, over the direction of the news business forced him to be more a more active owner. Katz filed suit last year to stop Norcross from firing Pulitzer Prize-winning editor Bill Marimow. He succeeded, then joined Lenfest in bidding $88 million to buy out Norcross and his allies at an auction Tuesday. "He was very creative, as a person and as a business partner," Lenfest said. "He thought beyond the edge. He had wonderful, creative ideas." The sale had been set to close June 12, but will now be delayed for 30 days to give Katzs family time to get the estate in order, Lenfest said. "Well lose his expertise, but the paper will continue because we both intended to put a new CEO in charge of the day-to-day operations," Lenfest said. Drew Katz will take his fathers seat on the board of directors, Lenfest said. "My father was my best friend. He taught me everything," Drew Katz, who was often seen at his fathers side at business events, said in a statement on behalf of him and his sister. "He never forgot where and how he grew up, and he worked tirelessly to support his community in countless ways that were seen and unseen." Katz had recently given $25 million to Temple University for its medical school, and had previously given $15 million to another alma mater, Dickinson Law School, where he had graduated first in his class. He also supported the Boys & Girls Clubs in Camden, along with many Jewish charities. Katz recently helped fund a charter school in impoverished Camden. "There are so many organizations that he endowed, many anonymously," Marimow said Sunday. Marimow described Katz as a brilliant man and generous philanthropist who developed a love for journalism from a college stint working for the syndicated columnist Drew Pearson. "That really inspired an appreciation and a love for journalism that lasted his whole life," Marimow said. His wife, Marjorie, died in December. His survivors include his son, daughter Melissa, and several grandchildren. Katz, a classmate of Bill Cosby in Temples 1963 graduating class, had spoken at the schools commencement last month, and received an honorary doctorate. "Life in my view is meant to be enjoyed," he told the graduates. "Its meant to have as much fun as you can conjure up" China Jerseys Wholesale Wholesale Jerseys 2018 Wholesale Jerseys 2018 Wholesale Nike NFL Jerseys Wholesale Jerseys 2020 NFL Jerseys Wholesale Cheap NFL Jerseys China ' ' '