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Basketball: Steve Ballmer becomes new owner of the LA Clippers

Published on Aug 13, 2014 2:27 AM
 
Microsoft CEO Steve Ballmer speaks at the launch event of Windows 8 operating system in New York, in this file photo from October 25, 2012. The sale of the Los Angeles Clippers to former Microsoft chief executive Ballmer closed on August 12, 2014 after a California court confirmed co-owner Shelly Sterling has the right to sell the basketball team, the NBA said. -- PHOTO: REUTERS

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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