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Report: Former Microsoft CEO to buy Clippers for record $2 billion
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Report: Former Microsoft CEO to buy Clippers for record $2 billion

Report: Former Microsoft CEO to buy Clippers for record $2 billion
Photo Credit: Kevork Djansezian
LAS VEGAS, NV - JANUARY 09: Microsoft CEO Steve Ballmer delivers a keynote address at the 2012 International Consumer Electronics Show at The Venetian January 9, 2012 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 13 and is expected to feature 2,700 exhibitors showing off their latest products and services to about 140,000 attendees. (Photo by Kevork Djansezian/Getty Images)

Report: Former Microsoft CEO to buy Clippers for record $2 billion

Former Microsoft chief executive Steve Ballmer will buy the Los Angeles Clippers for a record price of $2 billion, according to the Los Angeles Times.

Ballmer was chief executive of Microsoft for 14 years. He was competing with several other groups to buy the team.

The $2 billion sale price is almost four times more than the previous NBA franchise price. The previous record was set earlier this month for the Milwaukee Bucks.

The Times reported that the price is ”second only to the Dodgers 2012 sale for $2.1 billion as the highest price for any sports team in North America.”

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On Wednesday, a person with knowledge of the negotiations told The Associated Press that Shelly Sterling was reviewing bids from five groups interested in buying the Los Angeles Clippers.

The individual, who wasn't authorized to speak publicly about the deal, said if an agreement to sell is reached before next Tuesday, the league's owners wouldn't meet in New York to vote on terminating Donald Sterling's ownership.

The individual wouldn't specify the interested buyers, but described them as major players with considerable financial means. The person told the AP the sale price "appears to be increasing to an unbelievable number," and that it could soar past $1.5 to $2 billion, and possibly more.

Another person familiar with the negotiations said Shelly Sterling's attorneys, bankers and others involved in the process were in a locked room reviewing the bids, which were due by 2 p.m. PDT Wednesday. The individual wasn't authorized to publicly discuss the sensitive and competitive negotiations.

The Associated Press contributed to this report.

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  • A project to resurface nearly six miles of US-75 in Tulsa is scheduled to start Monday, April 3 and will have a major impact to traffic through early summer 2017.  ODOT told KRMG the project is to resurface both directions of US-75 from near the western I-244 junction (Red Fork Split) to near the Creek Turnpike/SH-364 junction.  Various lane and ramp closures can be expected throughout the project. Due to the time needed for patching work and for the type of overlay, there will lane closures in place during peak travel times.  Drivers are urged to plan ahead for significant delays in this corridor, especially during the morning and evening commutes, and should seek an alternate route if possible.  Click here to check the traffic before you hit the road.
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