Archiv » s 92-year-old owner Frances Genter: "Hes takin

LOS ANGELES -- Los Angeles Clippers co-owner Shelly Sterling would remain close to the organization under terms of the pending sale to former Microsoft CEO Steve Ballmer, according to two individuals close to the negotiations. The individuals, who are not authorized to speak publicly, told The Associated Press the $2 billion deal allows for up to 10 per cent of the team -- or $200 million -- to be spun off into a charitable foundation that Shelly Sterling would essentially run. The deal was negotiated by Shelly Sterling after husband Donald Sterlings racist remarks to a girlfriend were publicized and the NBA moved to oust him as team owner. One of the individuals said Shelly Sterling and Ballmer would be co-chairs of the foundation. The individuals said the foundation would target underprivileged families, battered women, minorities and inner city youths. "To benefit those on the receiving end of Donalds rather abhorrent remarks," one individual said. The idea to allow Shelly to continue some role was floated early on by her attorney, Pierce ODonnell -- neither he nor Shelly Sterling responded to a request for comment -- and it was enthusiastically agreed to by the NBA. "The NBA was all over it in terms of support," one of the individuals said. "It gave her a meaningful role and stake in the team, and gave the NBA 100 per cent sale of the team." However, the NBA made clear she wouldnt be involved with the basketball franchise. "It is not accurate that Mrs. Sterling will have a role with the Clippers or stake in the team," NBA spokesman Mike Bass said. Donald Sterlings attorney, Maxwell Blecher, did not comment. But its unclear if this deal will ever materialize as Donald Sterling still had not signed off on the deals terms because the NBA would not agree to revoke its $2.5 million fine and lifetime ban, according to one of the individuals. Sterling had agreed to sell the team Wednesday and drop his $1 billion federal lawsuit against the NBA assuming "all their differences had been resolved." But now hes considering continuing the suit after being told by intermediaries the NBA wont budge on the punishments doled out by Commissioner Adam Silver after Sterlings racist comments were publicized. Donald Sterlings consent to his wifes potentially record-breaking $2 billion deal was the first sign of an end to weeks of uncertainty. The NBAs owners must approve the deal. Donald Sterlings comments to V. Stiviano included telling her to not bring black people to Clippers games, specifically mentioning Hall of Famer Magic Johnson. They resulted in a storm of outrage from the public and players and even prompted President Barack Obama to comment on what he called Sterlings "incredibly offensive racist statements." Silver ultimately decided to ban Donald Sterling for life and began efforts to force Sterling to sell the team. Donald Sterlings federal lawsuit alleges that the league violated his constitutional rights by relying on information from an "illegal" recording that publicized racist remarks he made to a girlfriend. It also said the league committed a breach of contract by fining Sterling $2.5 million and that it violated antitrust laws by trying to force a sale. For weeks, Donald Sterling said through his attorneys that hed fight the NBAs attempt to oust him as a team owner. But last week Shelly Sterling utilized her authority as sole trustee of The Sterling Family Trust, which owns the Clippers, to take bids for the team and ultimately negotiate a deal with Ballmer. Under the deal Shelly Sterling would also get the title of "owner emeritus" and be entitled to continuing perks such as floor seats, additional seats at games and parking. One of the individuals said the deal also includes conditions that allow Ballmer to buy back the 10 per cent portion of the team for a pre-designated price upon Shelly Sterlings death. "All the proceeds go to charity, its not going to go to her," an individual said. "Shes walking away with a $2 billion check. Thats enough for her." Cheap Thunder Jerseys China . JOHNS, N. Cheap NBA Jerseys . Maria Silvia Bastos Marques, president of the EOM (Municipal Olympic Company), will be leaving her post but will remain as an advisor, a city hall statement said Tuesday. http://www.cheapthundersjerseys.com/?tag=cheap-shawn-kemp-jersey . Hamilton signed offensive linemen Mike Filer, Joel Reinders, Landon Rice and Carson Rockhill. Cheap Oklahoma City Thunder Jerseys . Fans holding laudatory signs started showing up at Yankee Stadium when the gates opened at 4 p.m. Monday, an hour early in order to give them a chance to watch the New York captain take batting practice. Steven Adams Jersey . The league-leading New York Rangers outhit and outmuscled the Maple Leafs during a 3-0 victory on Saturday. Backup goalie Martin Biron stopped all 20 shots he faced to complete a nice workmanlike effort by the visitors.4. Mine That Bird – 2009Mine That Bird makes this list not only for being the second-biggest upset winner in Derby history at an insane 50-1, but also for mounting a classic comeback with astounding speed and skill. This birds eye view video below is the perfect way to watch the gelding find a nearly imperceptible bit of space and slide up the rail almost unnoticed. And once Mine That Bird found an opening, the rest was raw power.3. Unbridled – 1990After falling all the way down to 11th place at the halfway mark, things didnt look good for this 11-1 shot. But true to its name, this horse could not be constrained, and mounted a legendary charge, eventually winning the race by four lengths. Amazingly, Unbridleds insane comeback wasnt even the most entertaining part of this race. For that youll have to watch trainer Carl Nafzger screaming in the face of the horses 92-year-old owner Frances Genter: "Hes taking the lead! Hes gonna win! Hes the winner! He won it! Oh, Mrs. Genter, I love you!!!" 2. Grindstone – 1996Easily one of the closest raaces in Derby history, the 1996 running featured Hall of Fame jockey Jerry Bailey at arguably his finest moment, guiding Grindstone, the son of Unbridled, to an unforgettable finish.dddddddddddd Bailey had dropped as far back as 15th place in the early going before taking his colt way outside for a stretch drive showdown with Cavonnier that saw Grindstone somehow eke out the victory on the final stride of the race.1. Secretariat – 1973.The horse, the myth, the legend. Secretariat was a heavy favourite going into the race, but he was astonishingly sluggish out of the gate. A minute into the race, Shecky Greene was the frontrunner, with Secretariat in sixth place. Despite the slow start, Secretariat came through late, scoring a Kentucky Derby record time of 1:59 2/5 that stands to this day. The cause of his blazing speed? After Secretariats death in 1989, an autopsy revealed that his heart was almost two-and-a-half times larger than that of the average horse.TSN airs the 140th running of the Kentucky Derby today (Saturday, May 3) at 4 p.m. ET. ' ' '