Powered by

Clippers sale to Ballmer is completed

Aug 12, 2014 - The Deal Pipeline

Five months after tapes were released revealing Los Angeles Clippers' owner Donald Sterling making racist comments to his mistress, the team officially finds itself in the hands of new ownership.

The National Basketball Association on Tuesday announced that former Microsoft Corp. CEO Steve Ballmer officially closed his $2 billion purchase of the Clippersfrom the Sterling Family Trust,the entity that owned the team. Donald Sterling's wife, Shelly Sterling, initially announced the sale on Ma...