Are that old racist and his wife finally out of here???
LA Clippers Sell For $2 Billion
Looks like V. Stiviano’s setup worked like a charm. After turning over his ownership of the Clippers to his equally bigoted wife, the team has finally been sold to a new owner. So, who’s the wealthy man with enough bank to drop 2 BILLION dollars for an NBA franchise? According to NYDailyNews:
That’s $2 billion with an uppercase B!
Former Microsoft CEO Steve Ballmer has apparently won the bidding war Thursday for the Los Angeles Clippers with a staggering $2 billion offer for the NBA franchise, according to the L.A. Times.
The frenzied battle to get the team from Sterling drove the franchise’s price sky high for a team that Forbes estimated was worth at $575 million back in January.
The franchise has been in turmoil since owner Donald Sterling was recorded on tape by an associate making racist comments about Magic Johnson, among others.
In short order, NBA commissioner Adam Silver slammed Sterling with an unprecedented lifetime ban for his remarks, imposed a $2.5 million fine, and began the process to force a sale of the Clippers.
Sterling’s wife, Shelly, who owns 50 percent of the team had been reviewing five bids for the franchise.
The Daily News reported on Friday that Sterling had decided to part with the team he bought for $12.5 million in 1981.
According to the L.A. Times, the 58-year-old Ballmer, who is reportedly worth around $20 billion, apparently edged out groups led by Los Angeles-based investors Tony Ressler and Steve Karsh, as well as a group that included music mogul David Geffen and the Guggenheim Group, the owners of the Los Angeles Dodgers.
UPDATE: TMZsports reports that the sale isn’t final quiiiiite yet…but more than likely will go through in full tomorrow:
Sources familiar with the negotiations tell us … Shelly Sterling is in a meeting now — at the time of this post — negotiating with Ballmer and several other prospective buyers who have made offers.
We’re told Shelly is currently reviewing documents, but no agreement has been struck with anyone.
Our sources say, however, a deal will be finalized by end of business Friday … and Ballmer is definitely in the running.
Ballmer is toward the top of Shelly’s list and NBA Commissioner Adam Silver is aware she is negotiating to sell the team.
Welp, as the saying goes, “loose lips sink ships!” His side chick appetite coupled with a racist attitude brought on his downfall. Looks like Old Man Sterling will just have to go have sit his racist azz down somewhere.