Los Angeles Clippers co-owner Shelly Sterling has announced the franchise’s $2 billion sale to former Microsoft CEO Steve Ballmer.
The record-setting transaction was signed by Ballmer and Sterling Thursday evening, but both parties remained mum until releasing statements late that night.
Shelly Sterling said in the release that she was acting as the sole trustee of the Sterling Family Trust, which owns the Clippers. ESPN reported that experts had recently declared co-owner Donald Sterling to be “mentally incapacitated,” transferring power over the team to Shelly under the rules of the trust.
“I am delighted that we are selling the team to Steve, who will be a terrific owner,” Shelly Sterling said. “We have worked for 33 years to build the Clippers into a premiere NBA franchise. I am confident that Steve will take the team to new levels of success.” Continue reading
Clippers fans. You’ll be learning a lot about Steve Ballmer in the next few days, but this video reveals a lot.
No sooner did the news hit Thursday that former Microsoft CEO Steve Ballmer would likely be the Clippers’ new owner pending NBA approval of his $2 billion bid to buy the team, did it become know that guard Jamal Crawford and Ballmer know each other.
We got a hold of Crawford through an exchange of direct messages on Twitter on Thursday night. He didn’t want to say much just yet, however.
“Hearing about the news, but don’t wanna speak on it until everything is official if that happens,” Crawford wrote.
The Los Angeles Times is reporting that Former Microsoft CEO Steve Ballmer has won a bidding war to purchase the Clippers for $2 billion.
The Los Angeles News Group hasn’t confirmed the report and there are many steps before any sale is final. Following the Times’ report, Donald Sterling’s attorney Max Blecher, in an email, told our reporter Jack Wang : “He is resisting and will resist any sale of the team forced by the NBA.”
Any sale still must be approved by the NBA Board of Governors.
We will update as more information becomes available.
L.A. Times story