ESPN reports that the agreement was signed yesterday, Thursday May 29th and was sent straight to the NBA for final approval. Ballmer outbid former NBA star Grant Hill, who offered $1 billion, and a group of wealthy business people that included Oprah Winfrey. Ballmer's bid has also set a record price for an NBA team.
Clippers owner Donald Sterling was banned from the NBA for life by league commissioner Adam Silver after recordings of him making racist comments were made public. He authorized his wife Shelly to negotiate a sale of the team. Talk about balling big Donald Sterling bought the Clippers in 1981 for $12.5M ($32.6M in today’s USD). But was forced to sell his team.... for $2Billion! He got a 2.5 million dollar fine and a $2billion payout.
No comments:
Post a Comment