Looks like the LA Clippers may have a new owner and they bid $2 billion! Who has that kind of money?
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Former Microsoft chief executive Steve Ballmer won the bidding war for the Los Angeles Clippers. He made a $2-billion offer setting a record price for an NBA team. The sale price is almost four times the highest previous NBA franchise sale price — the $550 million paid earlier this month for the Milwaukee Bucks. Second only to the Dodgers’ 2012 sale for $2.1 billion as the highest price for any sports team in North America.
Donald Sterling still has to approve the sale
The deal also needs the approval of 29 other NBA owners but that is not expected to be a problem as long as Ballmer promises to keep the team in LA and not move it to Seattle, where he lives.