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Steve Ballmer Is Official New Owner of Los Angeles Clippers

Aug 12 2014, 8:03pm CDT | by , in News | Latest Sports News

Steve Ballmer Is Official New Owner of Los Angeles Clippers
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Steve Ballmer became the official new owner of the Los Angeles Clippers on Aug. 12.

Steve Ballmer is officially the new owner of the Los Angeles Clippers

The Clippers issued a press release on their official website on Aug. 12: 

"The Los Angeles Clippers today announced that the transaction in which Steve Ballmer purchased the Los Angeles Clippers closed today following the entry of an order by a California court confirming the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the team. 

"The NBA Board of Governors previously approved the sale and Mr. Ballmer is now the Clippers Governor.

"'I am humbled and honored to be the new owner of the Los Angeles Clippers,' Mr. Ballmer said. 'Clipper fans are so amazing. They have remained fiercely loyal to our franchise through some extraordinary times. I will be harcore in giving our team, our great coach, staff and players the support they need to do their best work on the court.

"And we will do whatever necessary to provide our fans and their families with the best game-night experience in the NBA. I look forward to meeting our fans at our STAPLES Center Fan Festival on Monday, Aug. 18 at 12:30 p.m. PT.'

"'This is an amazing new day in Clippers history,' Clippers President of Basketball Operations and Head Coach Doc Rivers said. 'I couldn't be more excited to work together with Steve as we continue to build a first-class, championship organization. I am already inspired by Steve's passion for the game, his love of competition and desire to win the right way and I know our players and fans are going to be inspired as well.'

"Ballmer, Doc Rivers and Clippers players will be in attendance at a Clippers Fan Festival that will be open to the general public on Monday, Aug. 18 at STAPLES Center at 12:30 p.m. PT."

Ballmer purchased the team for $2 billion in May but the sale only became official on Tuesday when a court order ruled in favor of Shelly Sterling's eligibility to sell the Clippers without the consent of her husband, Donald Sterling, per ESPN:

"The Los Angeles Clippers have a new owner. 

"Steve Ballmer's bid to purchase the Clippers closed Tuesday after the entry of an order by a California court confirmed the authority of Shelly Sterling to sell the team on behalf of the Sterling Family Trust, the league announced.

"Ballmer, the former Microsoft CEO, bid $2 billion for the Clippers in May but wasn't able to complete the sale until Tuesday's written court order affirmed Shelly Sterling's authority to sell the franchise without the consent of her husband, Donald Sterling. 

"'It's very, very exciting. I'm a basketball nut,' Ballmer said in an interview with ESPN's Ramona Shelburne. 'I've got time. I love Los Angeles. I love Seattle, too, which is where we have our home. But the notion of spending a lot of time in Los Angeles has been exciting to me for years. The community down there is great. I look forward to supporting the community, the fan base, the staff, Doc (Rivers) and the players to take this thing to higher heights.'

"Ballmer acknowledged there were some frustrating moments while the sale of the franchise was delayed by court proceedings but said he remained confident he'd be able to complete it.

"'My job has been to complete the deal and there were a lot of people, including me, working on it for a long time,' Ballmer said. 'Was I kind of itchy? Sure. But I knew the only thing I could do or should do was complete the final deal, and we were able to do that this morning.'

"The NBA's board of governors interviewed Ballmer on July 15, then took a vote electronically last week in which he was unanimously approved as an owner, sources told Shelburne. 

"Ballmer decided he would complete the sale as soon as Superior Court Judge Michael Levanas' written order came in, which occurred at 11:30 a.m. ET.

"'We were ready,' Adam Streisand, Ballmer's attorney, said. 'Within minutes, the deal was signed, sealed and delivered.'

"Ballmer plans to travel to Los Angeles later this week and have dinner with the team, then meet Clippers employees and fans at an event Monday.

 

"Ballmer's takeover of the Clippers follows weeks of legal tussling between Shelly and Donald Sterling, the 80-year-old billionaire whom the NBA banned earlier this year for making offensive remarks about blacks. Donald Sterling's attorneys' are still expected to appeal the sale, sources told Shelburne."  

For more of the hottest sports news, log on to Sport Balla today. 

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