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WDKX.com » Blog » NBA: Clippers Sale Is Complete, Steve Ballmer Becomes New Team Owner
Aug 13th 2014 6:40 am
NBA: Clippers Sale Is Complete, Steve Ballmer Becomes New Team Owner
by News

The Donald Sterling saga may finally be over for the Los Angeles Clippers.

The NBA announced on Tuesday that the sale of the team to former Microsoft CEO Steve Ballmer has closed. Ballmer bid $2 billion to purchase the team, a record amount for an NBA franchise, in May in a deal brokered by Shelly Sterling on behalf of the Sterling Family Trust.

"I am humbled and honored to be the new owner of the Los Angeles Clippers," Ballmer said in a statement released by the team. "Clipper fans are so amazing. They have remained fiercely loyal to our franchise through some extraordinary times."

Donald Sterling, who purchased the team in 1981 for $12.5 million, was banned for life from the NBA in April following the release of audio recordings in which he made racist remarks. He later attempted to block the sale of the team to Ballmer after his estranged wife had him removed as an administrator of the family trust that owned the team. A judge ruled against Donald Sterling in July in his bid to block the sale, upholding his removal as a co-trustee after doctors found he had signs of Alzheimer's disease.

A tweet from the Clippers' official Twitter account shortly after the NBA announcement signaled excitement within the organization to move forward with Ballmer.