#SayWhatNews Ex Microsoft CEO Offers 2 Billion For Clippers

Share on TumblrPin it on PinterestShare on LinkedInSubmit to StumbleUponDigg ThisShare on Myspace

Donald Sterling

According to ESPN, the race to sell the Clippers is over. Shelly Sterling, who was put in charge of the sale of the team says former Microsoft CEO Steve Ballmer put up nearly $2 billion. Before the bid the Clippers were valued at $575 million. According to reports, the agreement still needs to be sent to the NBA for final approval. Any deal has to have approval from three-fourths of the other 29 team owners, the NBA commissioner and Donald has to approve the sale as well, which may be a problem. Since he’s saying he’s not going to sell. Reports say experts have officially labeled him “mentally incapacitated” and according to the terms of the ownership documents, in the case that Donald can not act on his own, Shelly has the right to act in his place without consent from Donald.  SO they might try to just cut him out.

Last night Shelly announced, “I am delighted that we are selling the team to Steve, who will be a terrific owner…We have worked for 33 years to build the Clippers into a premiere NBA franchise. I am confident that Steve will take the team to new levels of success.” Ballmer, who previously tried to buy the Sacramento Kings and move them to Seattle also confirmed the news. He said, “I love basketball…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.”

LEAVE A COMMENT

comments

About Mina SayWhat

All I Need Is One Mic

Leave a Reply