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Monday, July 21, 2014         

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Clippers could have buyer this week

By Star-Advertiser Staff and News Services

POSTED:



LOS ANGELES » Los Angeles Clippers co-owner Shelly Sterling is mounting a hurried sale of the team and could name a prospective new owner by the end of the week, according to people familiar with the situation.

Shelly Sterling is trying to sell the Clippers in advance of a Tuesday deadline, when the 30 NBA teams will vote on whether to strip control of the team from both of the Sterlings, in response to Donald Sterling's racially charged remarks about blacks.

Among the possible buyers is Chicago-based Guggenheim Partners in partnership with three billionaires who previously said they would launch a bid for the Clippers: Oracle software co-founder Larry Ellison, entertainment magnate David Geffen and Oprah Winfrey.

Another group of potential bidders includes Tony Ressler, co-founder of the investment company Ares Management, who holds a minority stake in the Milwaukee Brewers; Oaktree Capital Management co-founder Bruce Karsh, who is a minority owner of the Golden State Warriors; and Grant Hill, a one-time NBA all-star.

A bid is also expected from Steve Ballmer, who stepped down as chief executive of Microsoft in February.

Joerger gets extension from Grizzlies

MEMPHIS, Tenn. >> Grizzlies owner Robert Pera has followed through with his promise to open up his checkbook by signing Dave Joerger to a contract extension just days after allowing the coach to speak to the Minnesota Timberwolves about their vacancy.

The Grizzlies announced Joerger's extension Tuesday. Terms of the deal weren't disclosed by the team.

D-Will has surgery on both ankles

NEW YORK >> Deron Williams has had surgery on both ankles and the Brooklyn Nets say their point guard should be ready for the start of training camp.

Williams had arthroscopic surgery Tuesday to remove spurs from the front and back of his left ankle. Also, a loose bone fragment was removed from his right ankle.






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