On Friday, May 9th, the National Basketball Association (NBA) announced that it would make Richard "Dick" Pasons interim CEO of the Clippers. Parsons, a former chairman and CEO of Dime Bancorp, Time Warner, and Citigroup, will run the Clippers until the league votes on whether to force a sale of the franchise.
"I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization," Silver said in a statement. "Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility."
On April 29, NBA Commissioner Adam Silver banned Sterling from the league for life and fined him $2.5 million in response to racially charged statements he made about black people. In a conversation with his assistant (mistress), V. Stiviano, Sterling made racist comments about African-Americans and condemned Stiviano for her public association with black people at Clippers games. Stiviano recorded the conversation; it was "leaked" and posted on TMZ's website late Friday, April 25th.
"Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured," Parsons said in a statement. "A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam’s leadership in navigating the challenges facing the team and the league.
"The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity. I am honored to be asked to work with them, build on their values and accomplishments, and help them open a new, inspiring era for their team."
Parsons previously served on President Obama's economic advisory team. He's presently a senior adviser at Providence Equity Partners and a member of the board of directors for the Commission on Presidential Debates. He's a former college basketball player at the University of Hawaii.