Sterling: Former Microsoft CEO To Buy Clippers
The Sterling-Clippers saga may be coming to an end. Donald Sterling’s wife Shelly Sterling sent out a media release Thursday night saying that the Sterling family trust has agreed to sell the team to former Microsoft Chief Executive Steve Ballmer for $2 billion, according to the Los Angeles Times. Donald himself is reportedly not involved with the decision making, Shelly says.
Donald’s lawyer says that he needs a final sign-off to sell the team, but Shelly says her husband has no right to make the decision for the team, according to two reports. The Times says they haven’t verified if this is true or not.
“I am delighted that we are selling the team to Steve, who will be a terrific owner,” Shelly Sterling said in a statement. “We have worked for 33 years to build the Clippers into a premiere NBA franchise. I am confident that Steve will take the team to new levels of success.”
On Thursday, the Los Angeles Times reported that Ballmer won the bidding process and the negotiated sale will now move to the NBA for approval. A meeting is scheduled Tuesday for NBA owners in New York to determine if the Sterlings should be forced to sell the franchise.
Tags: Los Angeles Clippers