Finance committee to discuss removal of Sterling

Finance committee to discuss removal of Sterling
April 30, 2014, 9:30 pm
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BOSTON — The NBA's efforts to get rid of current Los Angeles Clippers owner Donald Sterling following his racist remarks over the weekend continue on the fast track with the league's advisory finance committee meeting on Thursday.

The committee, a 10-member group that includes Celtics co-owner Wyc Grousbeck, will have a conference call just two days after NBA commissioner Adam Silver handed down a lifetime ban to Sterling as well as hit the 81-year-old with a $2.5 million fine.

During Silver's announcement on Tuesday, he said that efforts to terminate Sterling's ownership of the team would most likely involve the league's advisory finance committee which is chaired by Minnesota owner Glen Taylor.

According to the NBA's Constitution, termination of ownership can only be achieved if three-fourths of the Board of Governors (owners) agrees to do so.

Silver said he did not poll all the owners, but was confident that there would be enough support to remove Sterling from the team that he has owned since 1981.

"I fully expect to get the support I need from the other NBA owners to removed him," Silver said.

Since Silver's announcement, several high-profile celebrities have been identified as potential owners to replace Sterling.

Among the more talked about has been former Los Angeles Lakers star Magic Johnson, who is part of the Los Angeles Dodger's ownership group.

"Magic Johnson knows he's always welcome as an owner in this league," Silver said. "He's been a part owner in the past with the Los Angeles Lakers, and he's always welcome and a close friend of the NBA family."

Other celebrities in the picture include Oprah Winfrey who is reportedly looking to put together a potential ownership group that would include media mogul David Geffen and Oracle CEO Larry Ellison.

Another possible group of celebrities interested in the Clippers if they are for sale include Oscar De La Hoya, Floyd Mayweather Jr. and Sean 'P Diddy' Combs.