Donald Sterling Out, Steve Ballmer In As New Owner of the Clippers
It looks like the Donald Sterling Saga is coming to an end. The NBA announced on Tuesday that Steve Ballmer’s bid to purchase the Los Angeles Clippers closed after the entry of an order by the California court confirmed the authority of Shelly Sterling to sell the team on behalf of the Sterling Family Trust.
Ballmer, the former CEO of Microsoft whose net worth is valued at $21.3 billion by Forbes, bid $2 billion for the Clippers in May but Donald Sterling pledged to fight the sale of the team. After taking the case to court, a Los Angeles county judge ruled that his wife Shelly can legally sell the team to Ballmer and the judge also invoked a clause permitting the sale regardless of Donald’s appeal of the ruling.
Donald Sterling can and probably will continue to fight the NBA and his wife in court, but money damages would be his only reward. The sale of the team is final.
The Clippers released a statement announcing the transfer of ownership to Ballmer, who will attend a fan festival Monday, Aug. 18 at the Staples Center.
“I am humbled and honored to be the new owner of the Los Angeles Clippers,” Ballmer said. “Clipper fans are so amazing. They have remained fiercely loyal to our franchise through some extraordinary times. I will be hard core in giving the team, our great coach, staff and players the support they need to do their best work on the court. And we will do whatever necessary to provide our fans and their families with the best game-night experience in the NBA.”
Looks like Doc Rivers, Chris Paul and the rest of the team won’t have to consider boycotting the upcoming season after all.