May
30
Ex-Microsoft CEO Ballmer Wins Clippers Bidding With $2B Offer
Posted in: Uncategorized
Former Microsoft CEO Steve Ballmer has won bidding for the Los Angeles Clippers for a record $2 billion as the wife of Donald Sterling pushed through a sale without gaining the approval of the embattled owner.
Shelly Sterling has now signed a binding contract with Ballmer, according to a PR Newswire statement. She was acting under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers.
The transaction was done five days before a vote by National Basketball Association team owners on whether to force a franchise sale because of racist comments Donald Sterling made that were recorded by his female friend.
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