L.A. Clippers Officially Sold To Steve Ballmer
The N.B.A. has announced that the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer has been completed:
It’s official. Donald Sterling no longer owns the Los Angeles Clippers. The NBA sent out a news release this afternoon confirming the sale of the team to ex-Microsoft chief executive Steve Ballmer. It reads:
“The transaction in which Steve Ballmer purchased the Los Angeles Clippers closed today following the entry of an order by a California court confirming the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the team.
The NBA Board of Governors previously approved the sale and Ballmer is now the Clippers Governor.”
The proposed $2 billion sale of the team closed just days after a California judge rejected Donald Sterling’s latest appeal, which according to Yahoo Sports, “contended that allowing the sale to take place would mean the loss of a ‘unique and irretrievable asset … one of 30 NBA franchises’ for Sterling.”
At this point, there may still be litigation by Sterling or the N.B.A., but none of it will impact the ownership of the franchise going forward,