Is the Donald Sterling drama finally over? Not quite yet, but it looks like the team is getting a new owner! Last week we told you that Donald was transferring ownership of the Clippers to his wife Shelley and after some intense negotiations, a deal has been inked to sell the team for a record $2 billion! That is the most money spent on a team in NBA history. So, who's the new owner? That would be Microsoft's ex-CEO Steve Ballmer. It seems like everyone is happy with the deal except for Donald who says he will try to stop the sale. We'll keep you posted as this story develops!
The Atlanta Hawks have hired New York investment Inner Circle Sports to assist it in the sale of owner Bruce Levenson's stake, The Deal's Michael Brown has learned. That stake sale was motivated by another embarrassing episode for the NBA soon after Donald Sterling had to sell the Los Angeles Clippers to ex-Microsoft CEO Steve Ballmer because of racist comments, though at a record-setting $2 billion.
Steve Ballmer, the former CEO of Microsoft, has signed an agreement to purchase the Los Angeles Clippers for $2 billion, The Los Angeles Times reported on Thursday.
Sept. 4 (Bloomberg) Managing Director, Bain Capital LLC and Boston Celtics Co-Owner, Stephen Pagliuca discusses advice for the former Microsoft Corp. Chief Executive Officer Steve Ballmer and the two billion dollar deal for the Los Angeles Clippers. He speaks with Stephanie Ruhle at the Bloomberg Sports Business Summit on In The Loop. (Source: Bloomberg)
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