Shelly Sterling to start charity with stake in NBA's Clippers: source

By Eric Kelsey LOS ANGELES (Reuters) - A charitable foundation to be run by Los Angeles Clippers co-owner Shelly Sterling, whose estranged husband, Donald Sterling, is being forced to sell the NBA team after making racist remarks, will have a stake in the franchise, a source close to negotiations said on Monday. It will be co-chaired by Shelly Sterling and former Microsoft Corp Chief Executive Steve Ballmer, who has agreed to buy the team from Sterling for $2 billion. The foundation, which has yet to be named, will play no part in team operations, according to the source, adding Ballmer had the option to take over 100 percent of the foundation on Shelly Sterling's death. In April, Donald Sterling, 80, was banned for life by the National Basketball Association and fined $2.5 million after a tape recording of disparaging remarks he made about black people was leaked to the celebrity news website TMZ.com.

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