The Donald Sterling era is—for all intents and purposes—finally over. According to the Los Angeles Times' James Rainey, "Former Microsoft chief executive Steve Ballmer has won a frenetic bidding war for ownership of the Los Angeles Clippers, with a $2-billion offer that would set a record price for an NBA team."
According to ESPN.com's Ramona Shelburne, the process is all but complete at this point.
It's unclear whether there's an ownership group making that bid. At the moment, it may very well be that Ballmer is making it unilaterally. He certainly has the resources.
Per USA Today's Brent Schrotenboer, Ballmer's figure "beat out other bidders that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen, Oprah Winfrey, Larry Ellison and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers."
Ballmer had apparently been keeping a close watch on the situation, potentially toying around with the possibility of making a run at the Clippers for weeks.
But he's certainly held interest in ...
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Article written by Stephen Babb
Everything You Need to Know About New Clippers Owner Steve Ballmer
May 31st, 2014 by Stephen Babb Leave a reply »
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