NBA: Combative Sterling says his LA Clippers are worth as much as US$5b
Published on Jul 9, 2014 5:26 PM
LOS ANGELES (REUTERS) - Los Angeles Clippers co-owner Donald Sterling on Tuesday sparred with his estranged wife's attorney at a trial over the US$2 billion (S$2.5 billion) sale of the franchise, interrupting and shouting during testimony and saying that he wants to hold on to the NBA team for financial reasons.
The 80-year-old real estate billionaire, who has been deemed by physicians to have Alzheimer's disease and be lacking in capacity to handle business affairs, said he was blocking the sale brokered by his wife to former Microsoft Corp chief executive officer Steve Ballmer because he believed the team's value could be more than double.
"I think we can get somewhere between US$2.5 billion and US$5 billion for that team," Sterling said, adding that sharply rising television and media rights made the team more valuable to keep.
It is the first time he has spoken publicly since a televised interview in May shortly after he was banned from the National Basketball Association for life for taped racist remarks that were made public.
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