Ex-Time Warner CEO Richard Parsons to Oversee Los Angeles Clippers

Richard Parsons LA Clippers CEO
Johnny Nunez/WireImage

Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA.

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.

 

 

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  1. Ideation20 says:

    Very interesting considering the folks that own Staples Center. I think its a great choice dare I say inspired. He will be able to run a rake through the organization with his skill set. I feel sure the Clippers function in a slightly outdated organization platform. Mr Parson’s should enjoy his work because the team is very prepared to take the next step.

  2. Chris says:

    Donald —

    $900 million (give or take a hundred million) minus the $12.5 million you paid for the Clippers equals…. a lot of money.

    Take your $800 million (or so) tax-free dollars with you. And let the Clippers be run by an owner players want to play for and fans want to pay for.

    It’s not to late to live the rest of your years as an example instead of as a pariah.

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