What happens when a couple is set to divorce but there are still several undetermined financial matters that need to be resolved before the divorce can be finalized? Any time a couple decides to split up they will have to agree on a divorce settlement. However, when a business is involved several issues can arise. That’s the case with Donald and Shelly Sterling, who are in the middle of a divorce.
According to reports, although Ms. Sterling has already signed her divorce papers, she has yet to officially file them. Reportedly, the main reason for the delay is the still unresolved issues surrounding her estranged husband’s ownership of the NBA’s Los Angeles Clippers.
Although league officials have ordered Mr. Sterling to sell the team, if Ms. Sterling were to ask to keep her partial ownership in the settlement then the sale of the team could actually be held up in a divorce court for the foreseeable future.
According to reports, Ms. Sterling could use that as leverage in order to maintain her 50 percent ownership share of the team. Therefore, Ms. Sterling’s lawyers have reportedly advised her not to file her paperwork at this time.
This is a situation that could take a long time to settle. As with any divorce that includes a shared business, this case demonstrates how difficult these types of divorces can be. If you need help with divorce, including dividing a business, then contact Ronald Johnston an experienced divorce attorney in Portland. Just click here.