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NBA Clippers Sold to Ballmer for $2 Billion

ABJ – Former Microsoft CEO Steve Ballmer has come out the winner in bidding for the Los Angeles Clippers, agreeing to pay a record $2 billion.  Shelly Sterling, wife of former owner Donald Sterling pushed the sale through without gaining the approval of her embattled husband. Despite not having his consent, Shelly Sterling was acting legally under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers.

The transaction was completed just five days before a vote by National Basketball Association team owners on whether to force a franchise sale because of racist comments Donald Sterling made that were recorded by his female friend.

The 58-year-old Ballmer outbid at least four other suitors, including a joint bid from music executive David Geffen, Oracle CEO Larry Ellison and Oprah Winfrey. Each of the bids shattered the previous record sale price for an NBA team of $550 million paid in April for the Milwaukee Bucks.

Ballmer, with a personal fortune estimated at about $19 billion, is listed as the 39th- richest person in the world, according to the Bloomberg Billionaires Index.

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