Microsoft’s Steve Ballmer Signed a Binding Agreement to Buy the Clippers for $2 Billion

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Earlier this evening, Former Microsoft CEO Steve Ballmer has reportedly signed a binding agreement to buy the Los Angeles Clippers for $2 billion. While Donald Sterling may still have to agree to the deal along with his estranged ex-wife, Shelly Sterling, pending lawsuits are still up in the air for whether the NBA can force the sale of the team which belongs to the Sterling family trust. A forced sale of the team would lead to further legal battles according to Sterling’s attorney Maxwell Blecher.

As we all know by now, the Sterling saga began when an audio recording of Sterling and his then girlfriend  V. Stiviano was made public in which he made racsist comments about black people at his basketball games. With the NBA’s pending charges against Sterling and the argument that the recordings were released illegally, the current offer on the table may force either side to make the first move, resulting in dropped charges, the immediate sale of the team, and Sterling’s exit as an owner from the NBA.

The current deal with Ballmer was negotiated by Shelly Sterling but will still have to be approved at the NBA Board of Governors meeting next Tuesday.

Donald Sterling bought the Los Angeles Clippers in 1981 for $12 million. Scandal aside, he’d be making a killing on his investment, which would be a record for the NBA.

Source: CNN

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