Deals
BofA Said to Be Hired by Sterlings to Sell NBA’s Clippers
This article is for subscribers only.
Bank of America Corp. has been retained to sell the Los Angeles Clippers, whose owners face a June 3 deadline to reach a sale agreement or risk the team being taken from them by the National Basketball Association, two people with direct knowledge of the situation said.
The people requested anonymity because the sale process isn’t public. NBA Commissioner Adam Silver barred Donald Sterling for making racist comments and said he would push the league’s 29 other owners to force a sale of the team.