Former Citigroup Chairman, Time Warner CEO Richard Parsons Is Interim CEO Of LA Clippers

May 9, 2014  |  

Richard Parsons is mighty busy! The former Citigroup chair and Time Warner CEO has been appointed interim CEO of the Los Angeles Clippers. He becomes just the third black CEO in a league with 30 teams. NBC4 has confirmed the news with official announcement expected to come from the NBA. The appointment is effective immediately.

In addition to being CEO of the Clippers, Parsons is also one of the people responsible for the hot Harlem restaurant The Cecil and the revived jazz club Minton’s. He’s also a senior advisor for Providence Equity Partners and is on the board of directors for the Commission on Presidential Debates.

“Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured… The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity. I am honored to be asked to work with them, build on their values and accomplishments, and help them open a new, inspiring era for their team,” said Parsons in a statement released by the league.

To catch you up with the upheaval in the Donald Sterling situation:

-Team co-owner Rochelle Sterling (Donald’s estranged wife) is fighting to keep part of the team but supports Parsons’s appointment.

-There’s a new recording in which Donald Sterling says, “You know I’m not a racist!… How can you be in this business and be a racist? Do you think I tell the coach to get white players, or to get the best player he can get?” He went on to say he was heartbroken by Magic Johnson’s  reaction, saying he should have pushed to “get the facts.” He has yet to come out and publicly speak live on the issue. He told the New York Daily News that “at the appropriate time, I’ll express what my thoughts and my feelings and what my heart says, OK.” Then he hung up on the reporter.

-The L.A. County Department of Children and Family Services has seen fit to let V. Stiviano become a foster mother. Also, our sister site Bossip has some never-before-seen footage of Stiviano’s interview with Barbara Walters. Check that out here.

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