A bidder paid $28,000 to have lunch with National Basketball Association Commissioner Adam Silver, exceeding the online charity auction’s estimate by $3,000.
The National Basketball Association banned Los Angeles Clippers owner Donald Sterling for life and fined him $2.5 million for making racist remarks, the first time an owner was suspended in 14 years.
Adidas AG and Samsung Electronics Co. Ltd said they would reinstate their sponsorships with the Los Angeles Clippers after National Basketball Association Commissioner Adam Silver banned team owner Donald Sterling for life for making racist remarks.
"While the suspension is significantly longer than prior suspensions for incidents of domestic violence by NBA players, it is appropriate in light of Mr. Taylor's conduct, the need to deter similar conduct going forward, and the evolving social consensus-- with which we fully concur-- that professional sports leagues like the NBA must respond to such incidents in a more rigorous way."
- Adam Silver on Nov 19, 2014
Bloomberg Best: From Our Bureaus Worldwide - Nov. 17 (Audio)