Microsoft's Ballmer Buys the L.A. Clippers
Steve Ballmer, who served as CEO of Microsoft from 2000 until he stepped down earlier this year, has a new job: He’s the new owner of the Los Angeles Clippers.
Ballmer emerged Thursday as the winner of an auction for the NBA team, which followed the high-profile racism scandal involving longtime Clippers owner Donald Sterling. Ballmer will pay $2 billion for the Clippers, which is the highest price ever paid for an NBA team by a factor of nearly four, and is slightly less than the all-time U.S. sports record sale of the Los Angeles Dodgers two years ago.
CNN and other media outlets reported that Ballmer has a signed, binding agreement to buy the team from a trust established by Sterling’s estranged wife.
The 58-year-old Ballmer, who stepped down from Microsoft in February, had previously been involved with unsuccessful efforts to bring an NBA team back to Microsoft’s hometown of Seattle. He has said he will not move the Clippers from Los Angeles.