Steve Ballmer buys NBA’s Clippers for record high $2 billion
Former Microsoft CEO Steve Ballmer is now the official owner of the NBA’s Los Angeles Clippers, according to Ballmer’s attorney, Adam Streisand.
The sale marks the end of Clippers ownership by billionaire Donald Sterling, who battled his estranged wife, Shelly, in a California probate court last month over control of the couple’s trust, which owned the NBA franchise.
Donald Sterling, 80, lost that legal battle when the California probate judge ruled that the deal by Shelly Sterling to sell the Clippers to Ballmer could move forward.
The negotiated $2 billion sale price is a record for an NBA team.