Who is Donald Sterling, the billionaire who was banned from the NBA for life despite his investments?

Who is Donald Sterling, the billionaire who was banned from the NBA for life despite his investments?

September 10, 2024 – 18:30

The basketball league marked a turning point after the sanctions valued at millions of dollars against the former owner of the Los Angeles Clippers.

Donald Sterling is the person who obtained one of the largest sanctions of the NBAThe world’s largest basketball league fired the businessman, even though he had invested millions of dollars to become the owner of Los Angeles ClippersHis presidency of the team was marked by various controversies since its purchase in 1981.

The American billionaire has clashed with the league’s management since he acquired the franchise and moved it from San Diego to its current location without any authorization. Another of the controversies he had were his statements that They would lose on purpose to have a better position in the DraftThis is the competition system to level the teams, where the worst of the year can choose the best rookies.

Why billionaire Donald Sterling was banned from the NBA for life

The president of the Los Angeles Clippers had to leave his team after the racist comments were leaked. Sterlingg had sent his partner the following audios: “It really bothers me that you’re spreading the word that you’re associating with black people.. Do you have to do it? You can sleep with them. You can bring them here. You can do whatever you want. The only thing I ask of you is that you don’t promote it, that you don’t take them to my games, that you don’t bring them to the arena,”

The image that her partner had uploaded to her social networks was one of them along with NBA legend Magic Johnson. Regarding this photo, Sterling also commented: “Don’t put Magic there on Instagram for the world to see and then have to call me. And don’t bring him to my games. Why are you taking pictures with minorities?”

Embed – Los Angeles Clippers owner banned for life

The broadcasts of these audios infuriated the stars of the competition, with LeBron James and Chris Paul at the head of the complaints to the NBA commission. The players’ request was that they did not want Sterling to continue in the league. The competition met with the presidents of all the teams and it was determined that the owner of the Los Angeles Clippers He would be forced to sell his team and receive a fine of 2.5 million dollars.The ruling also included that Sterling would not be allowed to enter any of the competition’s matches or approach the facilities of his institution.

How much is Donald Sterling’s fortune, according to Forbes

Donald Sterling 2.jpg

Los Angeles Times

The former owner of the NBA team managed to build a vast fortune thanks to His career as a lawyer and his investments in the real estate market. This allowed him to gather a $4.3 billion fortune according to Forbes magazine.

Source: Ambito

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