After being banned from the NBA for life over his racist comments, Los Angeles Clippers owner Donald Sterling apologized and asked for forgiveness. This was his first public statement since the controversy ensued sometime last month. He also said his comments were made out of jealousy because Stiviano wanted to bring "beautiful black men" to the games.

In an interview with CNN, Sterling said that what he did was a "terrible mistake" and that he was not a racist. He went on saying how much he loved the league and his partners, promising never to do anything like that again. He said that he was there to apologize.

When asked why speaking out took him so long, Sterling answered that it was very difficult for him knowing that he was wrong and that he had caused the problem. Furthermore, he does not know how to correct the situation.

In the aftermath of the recent events, there are questions as to who would be the next owners of the LA Clippers, given that NBA Commissioner Adam Silver has banned Sterling for life. However, a vote of 75 percent of the other 29 NBA owners would be needed to force Sterling to move out of his position.

Former chairman of Citigroup and media giant Time Warner Richard Parsons was named to guide the LA Clippers as the league pursues efforts to oust the 80-year-old billionaire off the team he bought back in 1981. Reports also mention that Parsons had met the club management, staff, and head coach Glenn "Doc" Rivers. However, he had not yet met with the players.

No names have been given as to who would possibly own the club but Parsons, as the interim CEO, personally thinks and is confident that the Clippers would eventually get new owners.

While further developments are ongoing, Sterling's wife and club co-owner Shelly Sterling desires to retain control of the franchise.

Despite an expected vote to drive him out of ownership and force him to sell, Sterling has the option to sue to keep the team which has been under his ownership for 33 years.