Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

read more >

Sterling to fight Clippers sale, proceed with $1B lawsuit against NBA

By Holly Yan

(CNN) – The deal is off. The suit is on.

Los Angeles Clippers owner Donald Sterling is withdrawing his support for the sale of his team and is asking his lawyer to go ahead with a $1 billion lawsuit against the NBA.

"From the onset, I did not want to sell the Los Angeles Clippers. I have worked for 33 years to build the team," Sterling said in a statement, forwarded to CNN by his lawyer Max Blecher.

Referring to NBA commissioner, Sterling added, "I believe that Adam Silver acted in haste by illegally ordering the forced sale of the Clippers, banning me for life from the NBA and imposing the fine. ... The action taken by Adam Silver and the NBA constitutes a violation of my rights and fly in the face of the freedoms that are afforded to all Americans."

It's exactly the kind of move that made Silver wary of the litigious Sterling.

"He's unsold his club several times over the years," Silver told CNN's Rachel Nichols in an exclusive interview this week.

"There's well-noted incidents in the league when he was right there at a closing and at the last minute decided not to sell."

Sterling, 80, has been embroiled in controversy since a recording of a conversation with friend V. Stiviano revealed he made a series of racist comments.

The comments sparked outrage among NBA players, executives and fans. The commissioner fined Sterling $2.5 million and pushed to terminate all of his ownership rights in the franchise.

"To be clear, I am extremely sorry for the hurtful statements I made privately," Sterling said in his statement. "I made those statements in anger and out of jealousy all in the context of a private conversation. While this is not an excuse for the statements, like every other American, I never imagined that my private conversation would be made public."

Sterling has seemingly changed his mind multiple times about what he wants to happen to the team.

In late May, former Microsoft CEO Steve Ballmer made a $2 billion offer to buy the Clippers. Sterling's estranged wife Shelly, a co-owner of the team, agreed to sell the franchise to Ballmer.

Sterling initially indicated he would fight that sale. He also filed a $1 billion lawsuit against the NBA for its decision to ban him for life and force him to sell the franchise.

But his attorneys said last week that Sterling supported the team's sale to Ballmer. The attorneys said last Wednesday that the lawsuit had yet to be withdrawn, but said that would likely happen in the coming days.

Now, it appears, the Sterling-NBA fight is back on.

CNN's Artemis Moshtaghian, Dave Alsup, Brian Todd and Kevin Conlon contributed to this report.
 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?