Richard ParsonsUPDATED, 12:31 PM: The NBA just confirmed the reports. Read the release at the bottom of the original post.

PREVIOUSLY: 12:13 PM: The league moved swiftly to instill order in the Clippers front office, tapping Richard Parsons as the team’s CEO, according to multiple reports. NBA.com insider David  Aldredge first reported the Parsons news via Twitter, and the league is expected to confirm the news today. The NBA’s website says the exec will oversee the team’s business operations while the league continues the process of removing current owner Donald Sterling in the wake of racially charged remarks that went public a week ago. As President of Time Warner, Parsons helped shepherd the company’s ultimately failed merger with AOL. He later served as Chairman and CEO of TW for nearly six years before stepping NBA-logodown at the end of 2007. He also headed Citigroup as chairman from 2009-12. Parsons currently sits on the board of directors of the Commission on Presidential Debates and with his wife owns a pair of jazz-themed restaurants in NYC. Andy Roeser, a 30-year Clippers employee, stepped down as the NBA team’s president this week amid the Sterling scandal. An NBA committee met this week and, according to NBA.com, is expected to recommend removing Sterling within the next few weeks, followed by a vote of the NBA’s Board of Governors expected soon after. Twenty-three of the league’s 30 owners must approve the ouster of the league’s longest-tenured owner.

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