Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Sgent

(5,858 posts)
12. He never ceded control
Tue Jun 10, 2014, 02:45 AM
Jun 2014

the team is actually owned by a trust, of which he and his wife are the trustees.

The trust document provides for circumstances when he can be stripped of his status as trustee, which includes mental incapacity. Two neurologists (a private one and one at UCLA) found him impaired by Alzheimer's, and by the terms of the trust Shelly Sterling immediately became the sole trustee. Note that the money is still held in trust for his benefit (as specified in the trust document).

Shelly is the one who executed the sale -- without Donald's input or agreement, as she's allowed to do by the trust document.

Note that he could challenge the finding of incapacity by the trust, although usually that is a very high hurdle to climb depending on the trust document wording. The trust can also set a much lower level of incapacity than in general law. So he may not be able to be committed but still be unable to execute as a trustee.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I thought he ceded control to his spouse, and that she was the lead owner now? MADem Jun 2014 #1
He never ceded control Sgent Jun 2014 #12
As interesting as this may prove, it won't benefit anyone . . . Journeyman Jun 2014 #2
I'm with Bill Maher on this. If you're an old racist fuck and the only place you exhibit it is truthisfreedom Jun 2014 #3
This old racist bastard was not private about the last ten years of his racist behaviors .... MindMover Jun 2014 #4
Sterling should've been let go a LONG time ago, because of these incidents. alp227 Jun 2014 #5
Private? Sorry, is it news he is racist? Helen Borg Jun 2014 #8
He'd been saying racist things to players for years. LeftyMom Jun 2014 #11
I agree, I wonder if your sanity might catch on? Leme Jun 2014 #15
Thing is, though, this guy wasn't thinking straight. He used to ask this "assistant" MADem Jun 2014 #16
I reluctantly have to side with the old racist fuck in this particular matter. Throd Jun 2014 #20
Wasn't there commentary a week or two that he's been diagnosed with Alzheimer's? Shrike47 Jun 2014 #6
Pre-emptive strike -- they probably found out that the NBA would reject the deal rocktivity Jun 2014 #7
I think the NBA should have never dropped the idea of the lifetime ban davidpdx Jun 2014 #13
I should hope so, since the "NFL" has little use for a basketball team! nt MADem Jun 2014 #17
LOL! I stand corrected! rocktivity Jun 2014 #18
Hee hee--I took your point, I was just having a little fun! nt MADem Jun 2014 #19
WashingtonTimes.com is a right wing site alp227 Jun 2014 #9
... SoapBox Jun 2014 #10
I hope the bitter piece of crap sues intil his last breath nolabels Jun 2014 #14
Fine. And then the Clippers are booted from the league. sybylla Jun 2014 #21
Very wise ... you should make a bumper sticker like Forrest ... it happens...nt MindMover Jun 2014 #22
Latest Discussions»Latest Breaking News»Sterling rejects Clippers...»Reply #12