Report: Clippers sold to ex-Microsoft CEO - WLOX.com - The News for South Mississippi

Report: Clippers, ex-Microsoft CEO agree to sale of franchise

The 'LA Times' reports former Microsoft CEO Steve Ballmer has bought the Los Angeles Clippers. (Source: MGN Online) The 'LA Times' reports former Microsoft CEO Steve Ballmer has bought the Los Angeles Clippers. (Source: MGN Online)
Former Microsoft CEO Steve Ballmer reportedly paid $2 billion for the team. (Source: Microsoft) Former Microsoft CEO Steve Ballmer reportedly paid $2 billion for the team. (Source: Microsoft)

(RNN) – Former Microsoft CEO Steve Ballmer will be the new owner of the Los Angeles Clippers, the Los Angeles Times reports.

Ballmer won the team with a $2 billion bid, the Times reported. The $2 billion price tag is a record for any NBA franchise.

According to CNN, Ballmer and the Clippers signed a binding agreement Thursday night.

The NBA still has to approve the sale at the league's Board of Governors meeting.

The team's owner, Donald Sterling, was banned from the NBA for life in April and the league has sought to strip the team from him in the wake of racist comments made in private that were recorded and later leaked.

Sterling is the longest tenured team owner, purchasing the Clippers in 1981.

Forbes lists Ballmer's worth at $20.3 billion. He was named CEO of Microsoft in 2000 and retired in February.

Negotiations of the team's sale have been made through the Sterling family trust, controlled by Sterling's estranged wife, Shelly.

Copyright 2014 Raycom News Network. All rights reserved.

  • NEWSMore>>

  • UPDATE: Victims identified in deadly I-10 crash

    UPDATE: Victims identified in deadly I-10 crash

    Thursday, May 25 2017 12:20 PM EDT2017-05-25 16:20:19 GMT

    The four victims of Wednesday's deadly crash on I-10 were all in the same vehicle, all from Mobile, AL, and have now been identified. 

    More >>

    The four victims of Wednesday's deadly crash on I-10 were all in the same vehicle, all from Mobile, AL, and have now been identified. 

    More >>
  • NOAA forecasters say above-normal hurricane season is likely

    NOAA forecasters say above-normal hurricane season is likely

    Thursday, May 25 2017 12:16 PM EDT2017-05-25 16:16:37 GMT
    (Photo source: NOAA)(Photo source: NOAA)

    National Oceanic and Atmospheric Administration forecasters said there is a good chance the 2017 Atlantic hurricane season will see above-normal storm activity.

    More >>

    National Oceanic and Atmospheric Administration forecasters said there is a good chance the 2017 Atlantic hurricane season will see above-normal storm activity.

    More >>
  • Large home being renovated in west Gulfport catches fire

    Large home being renovated in west Gulfport catches fire

    Thursday, May 25 2017 10:04 AM EDT2017-05-25 14:04:32 GMT
    4,000 square foot home in west Gulfport catches fire overnight (Photo source: file)4,000 square foot home in west Gulfport catches fire overnight (Photo source: file)

    A large home being renovated in west Gulfport caught fire early Thursday morning. Battalion Chief Chris Henderson with the Gulfport Fire Department says crews were called to the two-story home on Hardy Avenue around 1 a.m. after a neighbor awoke to popping noises and the smell of smoke. Henderson believes renovations to the 4,000 square foot home were almost complete. Fortunately, it took crews only 40 minutes to contain the fire and the home is still salvageable. The owners of the ...

    More >>

    A large home being renovated in west Gulfport caught fire early Thursday morning. Battalion Chief Chris Henderson with the Gulfport Fire Department says crews were called to the two-story home on Hardy Avenue around 1 a.m. after a neighbor awoke to popping noises and the smell of smoke. Henderson believes renovations to the 4,000 square foot home were almost complete. Fortunately, it took crews only 40 minutes to contain the fire and the home is still salvageable. The owners of the ...

    More >>
Powered by Frankly