Business Crimes

In: Business and Management

Submitted By cpshaw300
Words 413
Pages 2
Business Crimes

Business Crimes Recently the owner of the Los Angeles Clippers Donald Sterling made some racial comments that were recorded by an associate. These comments caught the National Basketball association by surprise and his ownership with the team could be in jeopardy. The day to day business operations have be handed over to the chief operating officer of the team. Donald Sterling was banned from the NBA for life and fined $2.5 million by Commissioner Adam Silver April 29 because of the comments made by the 81-year-old owner. The lifetime ban is the first handed down by the NBA for an infraction not related to drug abuse or gambling and prohibits Sterling, who has owned the Clippers since 1981, from playing any part in the running of the team or even accessing its facilities. In announcing the ban, Silver said that he would press NBA owners to force Sterling to sell the team, which can be accomplished by a vote of the other owners. The NBA expects Mr. Sterling to fight to keep his ownership of the team through legal action. In a statement regarding the lifetime ban Mr. Sterling said “I'm a good member who made a mistake," Sterling said. "Am I entitled to one mistake, am I after 35 years? I mean, I love my league, I love my partners. Am I entitled to one mistake? It's a terrible mistake, and I'll never do it again." This statement was made a week or so after the ban by sterling and he said he waited because he was “emotionally distraught.” In light of all this legal action Donna Sterling the wife of Donald would like to retain ownership of the team. She said in a statement “I will fight that decision," Shelly Sterling said. "To be honest with you, I'm wondering if a wife of one of the owners, and there's 30 owners, did something like that, said those racial slurs, would they oust the husband? Or would they leave the…...

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