Los Angeles Clippers Selling to Former Microsoft CEO Steve Ballmer for $2 Billion Pending NBA Approval
Los Angeles Clippers Selling to Former Microsoft CEO Steve Ballmer for $2 Billion Pending NBA Approval
The selling of NBA franchise, Los Angeles Clippers, has been big talk in the sports world since disgraced owner Donald Sterling was banned for life from the NBA. In the past several weeks, many names have come up as future owners of the Clippers from Magic Johnson to Bill Cosby. However, on Tuesday, Donald Sterling's lawyers released a statement saying that he would fight in courts to keep the team.
But in the latest twist, it appears that Donald Sterling's wife, Shelly, who owns 50% of the team and in some reports have said Donald gave the team over to sell, has reached an agreement for a new owner/buyer. Former Microsoft CEO Steve Ballmer has reportedly gave an offer to buy the Los Angeles Clippers for a staggering $2 billion.
"I am delighted that we are selling the team to Steve, who will be a terrific owner," Shelly Sterling said (via Variety). "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."
"I will be honored to have my name submitted to the NBA Board of Governors for approval as the next owner of the Los Angeles Clippers. I love basketball," Steve said in a statement. "And I intend to do everything in my power to ensure that the Clippers continue to win - and win big - in Los Angeles. L.A. is one of the world's great cities - a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness. I am confident that the Clippers will in the coming years become an even bigger part of the community. I thank Shelly Sterling for her willingness to entrust the Clippers franchise to me, and I am grateful to NBA Commissioner Adam Silver and his colleagues for working collaboratively with me throughout this process."
Ballmer has had interest in being a NBA owner for a long time and wanted to bring a team back to Seattle after the departure of the 2008 departure of the SuperSonics, now the Oklahoma City Thunder. He also went after the Sacramento Kings and move them to Seattle had moved to OKC.
Now, pending the NBA's approval, Ballmer will have his own team finally and plans to keep it in Los Angeles sharing, "If I get interested in the Clippers, it would be for Los Angeles," he told the Wall Street Journal. "I don't work anymore, so I have more geographic flexibility than I did a year, year-and-a half ago. Moving them anywhere else would be value destructive."
Tags : la clippers los angeles clippers steve ballmer steve ballmer buys clippers donald sterling shelly sterling nba clippers 2014
Hot Trends
-
Chester Bennington Dies: Was He a Christian?
-
Hulvey Announces New Album, "Cry," Due Out Sept. 13
-
Here Are the Lyrics to Transformation Worship's "Yahweh"
-
Hear the Story Behind Getty’s "Christ Our Hope in Life and Death"
-
Prestonwood Baptist Church to host 20th annual Biblical Worldview Conference
-
Tasha Layton on Her Suicide Attempt, Singing with Katy Perry & Working on Her Own Music
-
Leanna Crawford “Still Waters” Album Review
-
Darlene Zschech “Testament (EP2)” Album Review
-
Dru Hammer Tells Her Story of Heartache and Faith via Her Debut Memoir "Hammered"
-
Hinson Family’s Jordy Is Engaged To Logan Smith
-
A Snippet of Sherwin Gardner's “Blessings Find Me” Garners 80+ Million Streams
-
Justin Bieber Makes Christian Music Chart Debut Amidst Praises from His Peers
-
Roy Clark Dies at 85
-
David Frazier Teams Up With Y’Anna Crawley For "2nd Chance"
-
David Frazier Reflects On Career and Releases New Song
Most Popular
-
Chester Bennington Dies: Was He a Christian?
-
Hulvey Announces New Album, "Cry," Due Out Sept. 13
-
Here Are the Lyrics to Transformation Worship's "Yahweh"
-
Hear the Story Behind Getty’s "Christ Our Hope in Life and Death"
-
Prestonwood Baptist Church to host 20th annual Biblical Worldview Conference
-
Tasha Layton on Her Suicide Attempt, Singing with Katy Perry & Working on Her Own Music
-
Leanna Crawford “Still Waters” Album Review
-
Darlene Zschech “Testament (EP2)” Album Review
-
Dru Hammer Tells Her Story of Heartache and Faith via Her Debut Memoir "Hammered"
-
Hinson Family’s Jordy Is Engaged To Logan Smith
-
A Snippet of Sherwin Gardner's “Blessings Find Me” Garners 80+ Million Streams
-
Justin Bieber Makes Christian Music Chart Debut Amidst Praises from His Peers
-
Roy Clark Dies at 85
-
David Frazier Teams Up With Y’Anna Crawley For "2nd Chance"
-
David Frazier Reflects On Career and Releases New Song