Basketball: Steve Ballmer becomes new owner of the LA Clippers
Published on Aug 13, 2014 2:27 AM
LOS ANGELES (AFP) - Former Microsoft CEO Steve Ballmer officially became the new owner of the Los Angeles Clippers on Tuesday, the National Basketball Association announced.
It said the transaction, worth an estimated US$2 billion (S$2.5 billion), closed after a California court order went into effect confirming that Shelly Sterling had the authority to sell the team.
In a statement, Ballmer said he was "humbled and honoured to be the new owner of the Los Angels Clippers."
The team went on the block after the NBA slapped a life ban on its owner, Donald Sterling, who bought the club in 1981 for US$12.5 million.
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