Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president Andy Roeser to take a leave of absence, leaving a void in management at the franchise.
Indications are that Sterling intends to fight to maintain control of the team, which he has owned for more than 30 years, but in the interim the league needs someone to oversee its operations. The situation is further clouded by the status of Sterling’s wife, Shelly, who has stated that she wants to retain ownership despite the actions taken against her husband.
The Clippers are currently in the second round of the NBA Playoffs and will face Oklahoma City tonight in Los Angeles.
In addition to his business experience, Parsons is also politically connected, having served on President Obama’s economic advisory transition team.