Former Microsoft CEO to Buy Clippers for $2 Billion

Well I’m pretty stoked about this. I would be even MORE stoked if they were the Seattle Clippers. It’s got a ring to it, no? See ya later Sterling Family!

TIME

Updated at 9:24 p.m.

Steve Ballmer, the former CEO of Microsoft, bought the Los Angeles Clippers from co-owner Shelly Sterling, Donald Sterling’s wife, for a bid of $2 billion, the Associated Press confirmed.

Earlier in the evening, the Los Angeles Times reported Ballmer’s steep bid, which evidently beat out several competitors: A group led by David Geffen, who co-created Asylum records, bid $1.6 billion, and L.A. investors Tony Ressler and Steve Karsh bid $1.2 billion, according to anonymous sources for both the Los Angeles Times and ESPN.

When the $2 billion purchase goes through, it will be the second-most anyone will have ever payed for a North American professional sports team. The Los Angeles Dodgers hold the title of most expensive team ever sold, at $2.1 billion, in 2012. The Clippers are, however, by far the most expensive NBA team ever purchased. The next closest price tag in…

View original post 111 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s