We expose slave masters and people smugglers in suburban Britain.
South Africa's Julius Malema talks to Al Jazeera
23 Jul 2014 11:11 GMT | Business & Economy, Sport, US Sports
The Los Angeles Clippers could face an exodus of players, sponsors, fans and their coach if embattled owner Donald Sterling is still associated with the team, Richard Parsons, the franchise's interim chief executive said at a trial over the NBA team's $2 billion sale.
Parsons, the former Time Warner CEO who was installed by the NBA to run the Clippers in May, testified that the team would likely lose profitability and its overall value if sponsors, one of its top revenue streams, leave because of Sterling.
"We have a bunch of sponsors who are sitting at the edge of the pool and they don't want to go into the water," Parsons told Los Angeles Superior Court a day after failed settlement talks between Sterling, 80, and former Microsoft CEO Steve Ballmer, who won the bidding for the team.
The real estate billionaire has been banned for life by the NBA for taped racist remarks that were made public. He has vowed to block the NBA-record sale that his estranged wife brokered with Ballmer because of the way the league treated him, his lawyers said.
Also on Tuesday, Sterling filed a lawsuit against his wife Shelly Sterling, the NBA, its commissioner Adam Silver and the corporation that owns the Clippers, alleging that all the shares of the team belong to him after he revoked his family trust.
Parsons testified it was imperative that a new owner be in place before the start of the season in October or it could throw the team into a "death spiral".
Los Angeles Clippers owner Donald Sterling fined $2.5m and banned for life by Commissioner Adam Silver.
Rising NFL star Husain Abdullah shares his thoughts on racism, football and balancing life with sport.
Sport, Football, US Sports, US & Canada, United States
Content on this website is for general information purposes only. Your comments
are provided by your own free will and you take sole responsibility for any direct
or indirect liability. You hereby provide us with an irrevocable, unlimited, and
global license for no consideration to use, reuse, delete or publish comments, in
accordance with Community Rules & Guidelines and Terms and Conditions.
Region's first brick-oven pizza parlour hopes to inspire entrepreneurs and move the DRC beyond cycles of violence.
Africa, Democratic Republic of Congo
Will Department of Justice reforms change a culture of violence in the New Mexico police department?
Magazine, Racism, Gun violence
Child inmates are left to languish in prison with no visitors or legal assistance as many wait years for a trial.
Is a communist village in Andalusia where most villagers work for a cooperative really as utopian as it seems?
Prime Minister Abadi issues call for arrests as 24-hour sit-in ends but protesters vow to return if demands are not met.
Politics, Middle East, Iraq
Hundreds of civilians killed since escalation started between Syrian government and rebels on April 22.
War & Conflict, Middle East, Syria's Civil War, Aleppo Bombing
We examine how cyber thieves are hacking the world's financial architecture and why it's not just about money.
Business & Economy, Science & Technology, Crime
We follow the journey of Kenyans seeking justice for Britain's role in the torture during the 1950s Mau Mau uprising.
Kenya, United Kingdom, Africa
People & Power investigates the environmental consequences of palm oil plantations in equatorial Africa.
Environment, Africa, Cameroon
Five years on, Misratans reflect on the siege of their city and how it played a role in the downfall of Gaddafi.
Libya, War & Conflict, Muammar Gaddafi