LATimes.com is reporting that former Microsoft CEO Steve Ballmer will become the new owner of the Los Angeles Clippers with a price tag of $2 billion dollars. (http://www.latimes.com/sports/la-sp-sn-clippers-sale-ballmer-20140529-story.html)
Sources tell ESPN.com that Ballmer’s bid won the against other bids set by David Geffen ($1.6 million) and L.A. investors Tony Ressler and Steve Karsh ($1.2 billion). Although the sale is not final, it will become the second highest sale of a North American Sports franchise behind the 2012 sale of the Los Angeles Dodgers ($2.1 billion) becoming the overall highest in the NBA. (http://espn.go.com/los-angeles/nba/story/_/id/11003237/former-microsoft-executive-steve-ballmer-submits-winning-bid-buy-clippers-according-sources)
The sale comes in the heels of NBA’s force sale of the Clippers after a recording of former owner Donald Sterling making racists remarks about Magic Johnson and others was leaked back in April. (http://www.nydailynews.com/sports/basketball/sold-sterling-clippers-bought-2-billion-microsoft-ceo-article-1.1810693)
The deal is still tentative, as it will need approval of the 29 other NBA owners, which is expected to go well as long as Ballmer agrees to keep the team in Los Angeles. At this time there is no comment from the NBA.