(CNN) -- Los Angeles Clippers owner Donald Sterling has until May 27 to respond to the National Basketball Association, which on Monday "initiated a charge" seeking to terminate all ownership rights in the franchise, the NBA announced in a written statement. Sterling, who owns the team with his wife, Shelly, through a family trust, will also be allowed to make a presentation at a special Board of Governors meeting scheduled for June 3. However, attorney Maxwell Blecher has demanded on behalf of Sterling that the NBA give the longtime owner a three-month extension to prepare his response, Sports Illustrated reported Monday night. The magazine, which like CNN is owned by Time Warner, said the NBA would reject the request.
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NBA owners seem united since his Anderson Cooper interview, CNN's Rachel Nichols says
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Sterling, an 80-year-old lawyer and billionaire investor, has said he is not a racist
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Sports Illustrated reports Sterling wants a three-month delay
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Shelly Sterling's attorney said she is innocent victim, should keep her half of team
Los Angeles Clippers
"Based on our initial assessment, we continue to believe there is no lawful basis for stripping Shelly Sterling of her 50 percent ownership interest in the @placeholder.
Anderson Cooper
In his interview with @placeholder, Sterling repeatedly denied he is a racist but admitted he made a mistake making the remarks that were recorded.