Found May 29, 2014 on Sports-Glory:
Former Microsoft chief executive Steve Ballmer has submitted a winning bid of $2 billion to buy the Los Angles Clippers, reports the Los Angeles Times. According to the Times, Ballmer’s bid beat out Tony Ressler and Bruce Karsh ($1.2 billion) and a group that included David Geffen and executives from the Guggenheim Group ($1.6 billion). The $2 billion sale price would be the second-most ever for a professional sports franchise in North America.  The Los Angeles Dodgers were sold for $2.1 billion in 2012. Ballmer, 58, was the CEO of Microsoft for 14 years and is reportedly worth $20 billion.  He has said he has no intentions of moving the team. The deal will need to be approved by current Clippers owner Donald Sterling and 29 other NBA owners. Donald Sterling's lawyer Max Blecher tells ESPN he has not signed off on any sale — Ramona Shelburne (@ramonashelburne) May 29, 2014 Spoke to source familiar with the Clippers sale process who said negotiations, as of 5 minutes ago, are ongoing — Ramona Shelburne (@ramonashelburne) May 29, 2014 The post Steve Ballmer to buy Clippers for $2 billion appeared first on Sports Glory.
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