L.A. Clippers Being Sold For $2 Billion
By JACKIE WILLIS
May 30, 2014
Meet the new owner of the Los Angeles Clippers!
Donald Sterling's wife Shelly confirmed on Thursday evening that she has agreed to sell the NBA team to former Microsoft chief executive Steve Ballmer for a whopping $2 billion.
"I love basketball," Ballmer, 58, said (via ESPN). "And I intend to do everything in my power to ensure that the Clippers continue to win -- and win big -- in Los Angeles. L.A. is one of the world's great cities -- a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness. I am confident that the Clippers will in the coming years become an even bigger part of the community."
Shelly said in a statement that she was "delighted" to sell the team to Ballmer, calling him a "terrific owner."
"We have worked for 33 years to build the Clippers into a premiere NBA franchise," she said. "I am confident that Steve will take the team to new levels of success."
So what does Donald have to say about all this? According to ESPN, the 80-year-old banned Clippers owner was "found by experts to be mentally incapacitated," thus allowing his wife to become the sole trustee of the team.
This Clippers deal will be the most paid by a landslide for an NBA team. Ballmer was the CEO of Microsoft from 2000 to 2014 and Forbes estimates he is worth $20.3 billion.
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!— Earvin Magic Johnson (@MagicJohnson) May 30, 2014