News / USA

Ex-Microsoft CEO to Buy Los Angeles Clippers for $2B

FILE: The Los Angeles Clippers' Chris Paul, left, puts up a shot against Oklahoma City Thunder center Steven Adams during Game 6 of the Western Conference semifinal NBA playoffs in Los Angeles, Calif., on May 15, 2014.
FILE: The Los Angeles Clippers' Chris Paul, left, puts up a shot against Oklahoma City Thunder center Steven Adams during Game 6 of the Western Conference semifinal NBA playoffs in Los Angeles, Calif., on May 15, 2014.
VOA News
The former chief of Microsoft Corp., Steve Ballmer, has agreed to purchase the National Basketball Association's Los Angeles Clippers for $2 billion, a record price for a professional basketball team.
 
The deal was announced Friday by Ballmer and Shelly Sterling, the wife of owner Donald Sterling, whom the NBA had banned over racist comments.
 
Shelly Sterling is the sole trustee of The Sterling Family Trust, which owns the club. In a statement, she said she was "delighted" to sell the team to Ballmer, saying he would make a "terrific owner."
 
Ballmer said in a statement that he loves basketball and will do everything he can "to ensure that the Clippers continue to win, and win big, in Los Angeles."
 
FILE: Former Microsoft CEO Steve Ballmer made a winning bid of $2 billion for the Los Angeles Clippers.FILE: Former Microsoft CEO Steve Ballmer made a winning bid of $2 billion for the Los Angeles Clippers.
x
FILE: Former Microsoft CEO Steve Ballmer made a winning bid of $2 billion for the Los Angeles Clippers.
FILE: Former Microsoft CEO Steve Ballmer made a winning bid of $2 billion for the Los Angeles Clippers.
The NBA's Board of Governors must approve the sale.
 
The NBA banned Donald Sterling for life after a recording emerged in April in which he told a female companion not to bring African American friends to Clippers games.
 
Sterling’s lawyers also say he must agree to the deal. Reuters reported that, in a CNN interview, lawyer Maxwell Blecher said his client was prepared to fight the charges. The NBA scheduled a June 3 hearing at which Sterling can respond to accusations. At that meeting, owners could vote to force the team’s sale.
 
The 80-year-old Sterling, who bought the Clippers for $12.5 million in 1981, is the longest-tenured owner of any of the NBA's 30 teams.
 
The 58-year-old Ballmer retired as Microsoft’s CEO in February and still owns about 4 percent of the software company, Reuters reported. Last year, he was part of a group that tried to buy the Sacramento Kings basketball team.
 
Ballmer's winning bid was raised from an initial $1.8 billion offer made earlier on Thursday, according to a source, who spoke with Reuters on the condition of anonymity.
 
The news agency reported he had two competitors, including a group led by media mogul David Geffen that bid $1.6 billion. It said a group of Los Angeles investors offered $1.2 billion.
 
If approved, the sports deal would be second only to the $2.15 billion paid in 2012 for baseball's Los Angeles Dodgers.
 
Some information for this report provided by Reuters

You May Like

Video Miami Cubans Divided on New US Policy

While older, more conservative Cuban Americans have promoted anti-Castro political movement for years, younger generations say economically, it is time for change More

2014 Sees Dramatic Uptick in Boko Haram Abductions

Militants suspected in latest mass kidnapping of over 100 people in Gumsuri, Nigeria on Sunday More

Video Cuba Deal Is Major Victory for Pope

Role of Francis hailed throughout US, Latin America - though some Cuban-American Catholics have mixed feelings More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid