Billionaire David Geffen interested in buying LA Clippers: Source
Published on Apr 30, 2014 8:17 AM
(REUTERS) - Billionaire media executive David Geffen is interested in buying the Los Angeles Clippers basketball team, according to a person with knowledge of Mr Geffen's thinking, following a decision by National Basketball Association (NBA) commissioner Adam Silver to ban Clipper owner Donald Sterling for life.
Mr Silver said he would urge other NBA team owners to force Mr Sterling to sell the pro franchise.
The NBA on Tuesday banned Mr Sterling from the game for life and fined him US$2.5 million (S$3.1 million) for racist comments that drew a storm of outrage from players, fans, commercial sponsors and even President Barack Obama.
Mr Geffen, who started two record labels and the Dreamworks film studio with Mr Jeffrey Katzenberg and director Steven Spielberg, had expressed interest in the past in buying the Clippers but never made an offer.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!