Microsoft executive to buy Clippers for US$2b

Last updated 12:13 30/05/2014
Steve Ballmer
Getty
BIG MONEY: Former Microsoft boss Steve Ballmer has reportedly offered $2 billion to buy the LA Clippers.

Relevant offers

Basketball

Foundation Southland Sharks player James Paringatai will not return for the 2017 NBL season Once mighty LA Lakers endure biggest loss in franchise history We haven't done anything yet, warns resurgent NZ Breakers coach Paul Henare NZ Breakers make it four straight as they hold off fast-finishing Perth Wildcats OKC still uncertain on Steven Adams return from concussion as Thunder head for Utah Breakers star Kevin Dillard unrepentant: 'I won't apologise for my passion' Adelaide 36ers beat Sydney Kings for sixth straight ANBL win Brisbane Bullets upset Melbourne United's ANBL finals hopes Blinkered Breakers have eyes only for grand final rematch against Perth Wildcats 'Totally disrespectful': Hawks coach Rob Beveridge fumes over Breakers star Kevin Dillard's antics

Steve Ballmer, the former CEO of Microsoft, is set to buy the Los Angeles Clippers for a staggering US$2 billion (NZ$2.35 billion), according to the LA Times.

The one-time software company executive is understood to have offered significantly more for the NBA franchise than two rival bidding groups, who reportedly tabled offers of US$1.6 billion and US $1.2 billion respectively.

If the deal goes through, it will eclipse the previous record sale price of an NBA franchise by nearly four times.

Earlier this month, the Milwaukee Bucks were purchased for US$550 million.

The sale of baseball franchise, the Los Angeles Dodgers, in 2012 for US$2.1 billion, however, remains the most paid for any sports team in North America.

News of Ballmer's likely purchase of the Clippers comes at a time when the lawyer for disgraced owner Donald Sterling said his client was prepared to sue the NBA if it went ahead with action to strip the club from him.

Sterling was handed a life ban by the NBA after a recording capturing him making disparaging racist remarks was posted on gossip website TMZ in April.

Maxwell Blecher, speaking on the same day as news of Ballmer's staggering bid emerged, said Sterling wants to hear from the league before a scheduled hearing with the board of governors next Wednesday.

At that meeting, Sterling's fellow 29 owners are due to vote on whether to force him to rescind his ownership of the Clippers.

"The league on Tuesday (Wednesday NZT) has a guillotine over Mr Sterling's head," Blecher told AFP.

"They will confiscate his team illegally and, if they don't want a lawsuit challenging that conduct, they need to let us know before Tuesday.

"Thus far, we have heard nothing."

The 29 NBA franchise owners would also need to approve any potential sale of the franchise. 

Ad Feedback

- Stuff

Special offers
Opinion poll

How do you expect the Breakers to perform in this season's Australian NBL?

Last season was a blip, they'll be champions once again

They'll go close to another title, beaten finalists I'd say

Playoffs for sure, but can't see them going any further

Not too excited, they'll miss the playoffs again

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content