By . Last year, the owners denied the sale of the Sacramento Kings to a group that included Ballmer. On Tuesday, the NBA Board of Governors approved the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer. August 12, 2014 at 4:23 pm. I am humbled and honored to be the new owner of the Los Angeles Clippers. Late Thursday, Shelly Sterling agreed to sell the Clippers to Ballmer for an NBA-record $2 billion. Perhaps weary of a lengthy legal battle, Donald Sterling reportedly authorizes his wife to negotiate a sale of the Los Angeles Clippers. Filed Under: Adam Streisand, Alzheimer's, Chris Paul, Detroit, Doc Rivers, Donald Sterling, Los Angeles, Los Angeles . Sterling is officially out as the owner after his racially insensitive rewards created a public. LOS ANGELES, CA -- Steve Ballmer officially became the new owner of the Los Angeles Clippers on Tuesday. 8y. Los Angeles Clippers. Steve Ballmer is expected to be one of the bidders. Shelly Sterling said in a statement issued late Thursday that she'd signed a binding contract for a sale of the Clippers by The Sterling Family Trust to Ballmer in what would be a record deal if. Reaction to Clippers sale: Yay Steve Ballmer! The team's $2 billion sale comes less than four months after the . Remember how casual Steve Ballmer seemed about spending $2 billion for the Los Angeles Clippers -- almost three time the previous record sale for any NBA team? — -- Steve Ballmer is officially the new owner of the Los Angeles Clippers after the NBA confirmed the sale today. Clipper fans are so . The sale to Ballmer comes at a unique time for the Clippers and the NBA. The fate of the Los Angeles Clippers depends on the result of Donald Sterling's various legal maneuvers, but there's no doubt that prospective owner Steve Ballmer's bid of $2 billion is very real.The former Microsoft CEO, who at one point looked set to bring the NBA back to Seattle, has committed nearly three times the amount of the league's previous record sale to lead the Clippers into a new . Drafts of the Los Angeles Clippers' sale bid book show exactly how much Steve Ballmer is willing to overpay for the team. Clippers' Sale Silences a Dialogue on Race. Five days later, Mrs. Sterling had an agreement to sell the Clippers to Mr. Ballmer for a record . Billionaire Donald Sterling settled his lawsuit with the NBA over the $2 billion sale of the Los Angeles Clippers basketball team to fellow billionaire Steve Ballmer on Friday. The ClipBallm ordeal is now over. There were reports that the Clippers' coach and players considered boycotting if the sale did not go through and Donald Sterling was. Pierce O'Donnell, an attorney for Shelly Sterling, said . The LA Clippers owner spoke on Friday with Bill Plaschke of the LA Times and took a few digs at Laker fans. The NBA approved the sale of the team to Ballmer in May, and the Board of Governors ratified the deal electronically by a unanimous vote of 29-0 on Monday, a league source told CBSSports.com. Former Microsoft CEO Steve Ballmer, seen speaking at a Microsoft event in 2012, could be exactly the owner the Clippers need to push them over the top. The sale of the Los Angeles Clippers will hinge on the technicalities of a family trust and whether Donald Sterling's estranged wife had the right to unilaterally negotiate the deal. But within a year, Ballmer said he realized the Clippers needed to build their own arena if they wanted to build their own . Aug 13, 2014 When former Microsoft CEO Steve Ballmer won the auction for the Los Angeles Clippers, his $2 billion bid shattered the previous record sale price for an NBA franchise, which was $550. Ballmer tried for years to bring an NBA team to Seattle, but the league wanted him as an owner and he made a $2 billion bid on the Clippers, promising to keep them in Los Angeles. Back story, The NBA (National Basketball Association) forced the Los Angeles Clippers owner Donald Sterling to sell the team after […] Steve Ballmer is officially the new owner of the Los Angeles Clippers. The $2 billion sale of the LA Clippers between the Sterling family and Steve Ballmer went through . LOS ANGELES — Steve Ballmer officially became the new owner of the Los Angeles Clippers on Tuesday for a record $2 billion. Ballmer is now building a $1-billion Intuit Dome, a . Dan Devine. The NBA had already approved Ballmer as an owner and he is now officially the Governor of the team. MSG filed or backed five lawsuits attempting to block the sale, protesting Ballmer's plans to construct a new arena for the Clippers nearby. August 12, 2014, 11:39 AM. Former Microsoft chief executive Steve Ballmer will pay about $2 billion to buy the Los Angeles Clippers basketball franchise, according to reports. Ballmer, Clippers sign $2B sale agreement. Steve Ballmer owning the Clippers is a big win for the City of LA and all the people who live in the City of Angels! An attorney for Donald Sterling, however, disputed Thursday that a sale could proceed without . Sale of Clippers goes through. The team says the sale closed Tuesday after a California court confirmed the authority of Shelly Sterling, on behalf of the . Read full article. The team said the sale closed after a California court confirmed the . The closure of the deal comes after a California court ruled that Donald Sterling's wife Shelly has legal control of the team. Sale of Los Angeles Clippers to Ballmer Closes The NBA's Board of Governors Has Approved the $2 Billion Deal . Both the league and the club will see television contracts come up for renewal no later than the end of the 2015-16 season.. It's probably because he knew a . The NBA has approved the sale of the Clippers to Steve Ballmer, pending approval from the Board of Governors. The team said the sale closed after a California court confirmed the. Tuesday's hearing concerning the actions against Donald Sterling has been cancelled. Still, even after Sterling's wife, Shelly, seemed to have locked in a $2 billion sale of the team to Microsoft founder Steve Ballmer, Sterling continues to haunt the league. After months of legal wrangling, a record-setting $2 billion deal for former Microsoft CEO Steve Ballmer to purchase the Clippers closed Tuesday following the entry of an order by a California. When news of Steve Ballmer's $2 billion bid for the Los Angeles Clippers broke last month, there was little question it was expensive.Now, according to new numbers from . He's currently ranked 19th on Forbes' world billionaires list with an estimated worth of $41.2 billion. The Clippers sale is now complete: Steve Ballmer is in, and Donald Sterling, at long last, is out. The negotiated $2 billion sale price is a record for . VIDEO 1:58 01:58 The team said the sale closed after a California court confirmed the. agreed to sell the team to the former Microsoft executive Steve Ballmer for $2 billion. Ballmer, the former Microsoft CEO, bid $2 billion for the Clippers in May but wasn't able to complete the sale until Tuesday's written court order affirmed Shelly Sterling's authority to sell the . "Why did so many in the town cheer against us?" said Ballmer. "I am humbled and honored to be the new owner of the Los Angeles Clippers," Mr. Ballmer . The NBA announced on Tuesday that the sale of the team to former Microsoft CEO Steve Ballmer has closed. The team said the sale closed after . Los Angeles Clippers co-owner Shelly Sterling (left) has announced a "binding contract" to sell the team to former Microsoft executive Steve Ballmer for $2 billion. On Tuesday afternoon, Sterling petitioned a court of appeals to block wife Shelly Sterling's sale of the Clippers to Ballmer, alleging errors on the part of Levanas. LOS ANGELES — Steve Ballmer officially became the new owner of the Los Angeles Clippers on Tuesday for a record $2 billion. The bid book was entered as an exhibit by Shelly Sterling's lawyers in a . The deal closed after a California appeals court confirmed the right of Sterling's estranged wife Shelly to sell the team on behalf . Any sale of the team would require the NBA's approval before it is made official. The former Microsoft CEO's record $2 billion purchase of the team was confirmed by a Los Angeles judge on Tuesday, clearing the way for the avid pickup basketball player to take over the team from. The sale of the Los Angeles Clippers to Steve Ballmer closed on Tuesday. The friend explained that his name was Ballmer, Steve Ballmer, and that he used to run Microsoft. MSG filed or backed five lawsuits attempting to block the sale, protesting Ballmer's plans to construct a new arena for the Clippers nearby. The NBA announced Tuesday that $2 billion sale of the team to the former Microsoft CEO has closed, and the league has approved the deal. The friend explained that his name was Ballmer, Steve Ballmer, and that he used to run Microsoft. The NBA Board of Governors previously approved the sale and Mr. Ballmer is now the Clippers Governor. LOS ANGELES (AP) — Steve Ballmer officially became the new owner of the Los Angeles Clippers on Tuesday for a record $2 billion. The sale of the team to former Microsoft CEO Steve Ballmer for $2 billion was legally closed Tuesday. The record $2 billion sale of the Los Angeles Clippers to former Microsoft Corp. Chief Executive Officer Steve Ballmer is headed toward completion without the consent of Donald Sterling, capping three months of controversy over the billionaire owner's racist comments. Following the Donald Sterling scandal in May 2014, Ballmer was the highest bidder in an attempt to purchase the Los Angeles Clippers for a reported price of $2 billion, which is the second highest bid for a sports franchise in North American sports history (after the $2.15 billion sale of the Los Angeles Dodgers in 2012).
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