I guess Donald Sterling is officially out from being the owner of the Los Angeles Clippers David Aldridge reports Richard Parsons, the former chairman of Citigroup and former CEO of Time-Warner, has been tapped as the new CEO of the L.A. Clippers.
Team president Andy Roeser, who technically took charge of the team after Sterling’s ban, stepped down earlier this week. But ESPN’s Arash Markazi reported he wasn’t going to be long for the job. Richard Parsons, 66, was president of Time Warner when the company sold itself to AOL in an ill-fated $350 billion deal. He served on Citi’s board for 16 years.
He is currently a senior advisor of Providence Equity Partners. He also now owns two restaurants in Harlem.