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

    Post-White House, Obamas to Rent Washington Mansion

    Nine-bedroom home is 3 kilometers from Oval Office, near capital's Embassy Row; rent estimated at around $22,000 a month

    Red Planet? Not so much!

    New research suggest that Mars is in a warm period between cyclical ice ages, and that during Ice Age Maximum over 500,000 years ago, the red planet was decidedly ice, and much whiter to the naked eye.

    Taj Mahal Battles New Threat from Insects

    Swarms of insects are proliferating in the heavily contaminated waters of the Yamuna River, which flows behind the 17th century monument

    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.
    Vietnamese-American Youth Optimistic About Obama's Visit to Vietnami
    X
    Elizabeth Lee
    May 22, 2016 6:04 AM
    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video Vietnamese-American Youth Optimistic About Obama's Visit to Vietnam

    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video First-generation, Afghan-American Student Sets Sights on Basketball Glory

    Their parents are immigrants to the United States. They are kids who live between two worlds -- their parents' homeland and the U.S. For many of them, they feel most "American" at school. It can be tricky balancing both worlds. In this report, produced by Beth Mendelson, Arash Arabasadi tells us about one Afghan-American student who seems to be coping -- one shot at a time.
    Video

    Video Newest US Citizens, Writing the Next Great Chapter

    While universities across the United States honor their newest graduates this Friday, many immigrants in downtown Manhattan are celebrating, too. One hundred of them, representing 31 countries across four continents, graduated as U.S. citizens, joining the ranks of 680,000 others every year in New York and cities around the country.
    Video

    Video Vietnam Sees Strong Economic Growth Despite Incomplete Reforms

    Vietnam has transformed its communist economy to become one of the world's fastest-growing nations. While the reforms are incomplete, multinational corporations see a profitable future in Vietnam and have made major investments -- as VOA's Jim Randle reports.
    Video

    Video Qatar Denies World Cup Corruption

    The head of Qatar’s organizing committee for the 2022 World Cup insists his country's bid to host the soccer tournament was completely clean, despite the corruption scandals that have rocked the sport’s governing body, FIFA. Hassan Al-Thawadi also said new laws would offer protection to migrants working on World Cup construction projects. VOA's Henry Ridgwell reports.
    Video

    Video Infrastructure Funding Puts Cambodia on Front Line of International Politics

    When leaders of the world’s seven most developed economies meet in Japan next week, demands for infrastructure investment world wide will be high on the agenda. Japanese Prime Minister Shinzo Abe’s push for “quality infrastructure investment” throughout Asia has been widely viewed as a counter to the rise of Chinese investment flooding into region.
    Video

    Video Democrats Fear Party Unity a Casualty in Clinton-Sanders Battle

    Democratic presidential front-runner Hillary Clinton claimed a narrow victory in Tuesday's Kentucky primary even as rival Bernie Sanders won in Oregon. Tensions between the two campaigns are rising, prompting fears that the party will have a difficult time unifying to face the presumptive Republican nominee, Donald Trump. VOA national correspondent Jim Malone has more from Washington.
    Video

    Video Portrait of a Transgender Marriage: Husband and Wife Navigate New Roles

    As controversy continues in North Carolina over the use of public bathrooms by transgender individuals, personal struggles with gender identity that were once secret are now coming to light. VOA’s Tina Trinh explored the ramifications for one couple as part of trans.formation, a series of stories on transgender issues.
    Video

    Video Amerikan Hero Flips Stereotype of Middle Eastern Character

    An Iranian American comedian is hoping to connect with American audiences through a film that inverts some of Hollywood's stereotypes about Middle Eastern characters. Sama Dizayee reports.
    Video

    Video Budding Young Inventors Tackle City's Problems with 3-D Printing

    Every city has problems, and local officials and politicians are often frustrated by their inability to solve them. But surprising solutions can come from unexpected places. Students in Baltimore. Maryland, took up the challenge to solve problems they identified in their city, and came up with projects and products to make a difference. VOA's June Soh has more on a digital fabrication competition primarily focused on 3-D design and printing. Carol Pearson narrates.

    Special Report

    Adrift The Invisible African Diaspora