Ballmer wins LA Clippers basketball team for $2 billion

The previous owner was forced to sell the team after allegations of racist remarks

Former Microsoft CEO Steve Ballmer has reached an agreement to buy the Los Angeles Clippers for a record US$2 billion, according to reports.

The professional basketball team based in Los Angeles, California has been up for sale after the National Basketball Association Commissioner Adam Silver banned owner Donald Sterling for life from any association with the Clippers or the NBA for alleged racial comments.

Silver also announced in April that he will urge the NBA's Board of Governors to force a sale of the team.

Ballmer, who retired in February from Microsoft after 14 years, has been interested in owning an NBA franchise for a while. He beat other bidders that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen, Oprah Winfrey, Oracle CEO Larry Ellison and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers, USA Today reported.

The former Microsoft executive seems unlikely to move the L.A. Clippers to Seattle, Washington after acquiring the franchise. "If I get interested in the Clippers, it would be for Los Angeles," Ballmer told The Wall Street Journal earlier this month. "Moving them anywhere else would be value destructive."

The NBA Board of Governors must still approve the sale, according to reports. There is some debate, however, whether Sterling has to sign off on the deal or has given his wife the authority to sell the team.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesentertainmentsteve ballmerNational Basketball Association

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Essentials

Mobile

Exec

Sony WH-1000XM4 Wireless Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?