Donald Sterling launched a lawsuit against his wife Shelly Sterling, the NBA and its commissioner Adam Silver in connection to the sale of the L.A. Clippers on Tuesday, July 22. In the suit, Sterling is asking an injunction to block the potential sale, saying that they defrauded him and violated corporate law.
"The new lawsuit states the seller of the team is not Donald, and it's not Shelly - the seller of the team is the corporation that owns the team, and that's LAC Basketball Club Inc. When Donald bought the team, the shares of the corporation are only in Donald's name. They were only issued to Donald, so Donald owns the shares of the corporation. He's the sole shareholder. He put the shares up into the trust in 1989, and when we revoked the trust, the shares go back down to him," said Sterling's attorney, Bobby Samini, as reported by ESPN.