According to ESPN.com, Shelly Sterling has been a co-owner of the Clippers with her husband since 1981 … and serves as one of two alternate governors. The other is team president Andy Roeser, who has began an indefinite leave of absence.
The team, itself, is owned by a family trust.
A TMZ report says that Shelly is planning legal action against the NBA if she doesn’t have control over her interest in the franchise… in the event of a forced sale of the team.
Her lawyer, Pierce O’Donnell, says she is adamant that the league has no right to strip her of her 50% ownership, because “she’s an innocent victim.”
O’Donnell is currently in talks with the NBA in an effort to avoid a family sale. He, and Shelly, are demanding that the league allow her to retain her 50% interest.