Steve Ballmer Becomes Owner Of Clippers

Chris CrumBusiness

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Former Microsoft CEO Steve Ballmer is now the proud new owner of the Los Angeles Clippers. The NBA released the following statement:

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 Ballmer is now the Clippers Governor.

Ballmer paid a reported $2 billion for the team. Just to put that into perspective, Snapchat is said to be worth $10 billion.

The deal, of course, came after the controversy that erupted when previous owner Donald Sterling made racist comments, which were recorded and highly publicized, leading to his ban from the NBA.

Ballmer's agreement to buy the team was first made public in late May.

Image via Wikimedia Commons

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.