L.A Clippers Goes to Former Microsoft CEO Steve Ballmer in Record Setting $2 Billion Deal

Clippers will get Steve Ballmer as their new owner and cheerleader in chief. Ballmer whose name just popped up on the list of potential buyers late last week, leaped over the other bidders with a massive $2 billion offer which immediately lead to the signing of an agreement. Its as if he didn't have the time to get into a bidding war and wanted to do the deal fast.

An individual with knowledge of negotiations to sell the Los Angeles Clippers says Shelly Sterling has reached an agreement to sell the team to former Microsoft CEO Steve Ballmer for $2 billion. The individual, who wasn't authorized to speak publicly, told The Associated Press on Thursday that Ballmer and the Sterling Family Trust now have a binding agreement. The deal now must be presented to the NBA. Shelly Sterling negotiated the sale after her husband, Donald Sterling, made racist remarks that were made public. Donald Sterling must also approve the final agreement as a 50 percent owner. His attorneys say that won't happen. Ballmer beat out bids by Guggenheim Partners and a group including former NBA All-Star Grant Hill.

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