Steve Ballmer buys LA Clippers for record $2bn
Former Clippers owner Donald Sterling was banned from the NBA for life after making racist comments caught on tape and released online
Former Microsoft chief executive, Steve Ballmer, is set to buy the Los Angeles Clippers for a record $2 billion after winning a frenetic bidding war for the embattled NBA franchise.
Shelly Sterling, the estranged wife of previous owner Donald Sterling, who was banned from the NBA for making racist comments, has signed a binding contract for the sale of the team, according to a statement earlier today.
She was acting under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers.
The deal comes just days before an NBA panel was due to meet to discuss the Clipper's future ownership after Sterling was caught making racist comments in an explosive conversation that sparked outrage in the US.
In the recording obtained by gossip website TMZ, he told girlfriend V. Stiviano not to bring black men to basketball games or post photographs on her Instagram account "associating herself" with black people.
"You can sleep with [black people]. You can bring them in, you can do whatever you want. The little I ask you is not to promote it… and not to bring them to my games," he could be heard saying.
The sports mogul has been banned from the NBA for life and will have to pay a $2.5 million fine, the most severe punishment ever handed down to a team owner, for his "offensive and harmful" remarks.
Los Angeles Clippers owner Donald Sterling gestures while watching the Clippers play the Los Angeles Lakers during an NBA preseason basketball game However, details of the deal are yet to be finalised and Sterling's lawyer, Bobby Samini, has signalled that, as a co-owner of the franchise, his client must approve the sale.
Mr Ballmer outbid at least four other suitors, including a group of Los Angeles investors offering $1.2 billion for the team and a $1.6 billion bid led by entertainment mogul David Geffen, which also included Oprah Winfrey and billionaire Larry Ellison.
The former Microsoft chief executive, who tried to buy the Sacramento Kings franchise and relocate to Seattle last year, said he was "honoured" to have his name submitted to the NBA Board of Governors for approval as the next owner of the Los Angeles Clippers.
"LA is one of the world's great cities – a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness, "he added."I am confident that the Clippers will in the coming years become an even bigger part of the community."
- 1 Hair loss explained: How and why men go bald
- 2 Game of Thrones season 6: Jon Snow theorists believe Ned Stark's son may have a twin sister
- 3 Artist takes LSD, draws herself over different stages of the 9-hour trip to show its effects
- 4 iPhone 6s camera: features to include 4K video camera and flash for selfies
- 5 A pint of water every day is the key to losing weight, scientists say
Most expensive city to live in for expatriates: Luanda, Angola takes number one spot with Hong Kong and Zurich in top three
Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
If Surrey were Syria: Social experiment shows what it's like to live under siege
Irish tourist filmed fighting with shopkeepers in Turkey says they 'messed with the wrong man'
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal get peerages
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...