A deal to sell the Los Angeles Clippers for an NBA record price can move forward, a California probate judge rules.
Judge Michael Levanas ruled in favor of Shelly Sterling, saying the estranged wife of Donald Sterling acted properly in removing her husband from the trust that owns the NBA team. Former Microsoft CEO Steve Ballmer has agreed with Shelly Sterling to buy the Clippers for $2 billion. Ref. CNN
Former Microsoft CEO Steve Ballmer is now the official owner of the NBA's Los Angeles Clippers, according to Ballmer's attorney, Adam Streisand. The sale closed today, marking the end of Clippers ownership by billionaire Donald Sterling.
In April, Sterling, 80, came under fire for making racist remarks against African-Americans in comments to his companion V. Stiviano. The recorded conversation was published online. In response, the NBA banned Sterling for life, fined him the maximum $2.5 million and moved toward terminating Sterling's ownership rights in the franchise.
He resisted, but a judge granted his wife the authority to sell the team. The negotiated $2 billion sale price is a record for an NBA team. Ref. CNN