Former Microsoft CEO Steve Ballmer agrees to buy Los Angeles Clippers for $2 billion

Previous Microsoft CEO Steve Ballmer has consented to purchase the NBA's Los Angeles Clippers for $2 billion. Ballmer and Clippers co-owner Shelly Sterling purportedly settled on the arrangement late Thursday evening despite the fact that Bobby Samini, a lawyer for Donald Sterling, called attention to that there could be no sale without Donald's signature.

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On the off chance that successful, the arrangement would be the highest ever paid for a NBA franchise and the second highest ever for a sports franchise in North America. The previous high was $550 million paid for the Milwaukee Bucks not long ago. The unequaled high for a sports group is $2.1 billion for the Dodgers in 2012.

Donald Sterling has run the Clippers for more than three decades however when a late sound cut surfaced of him insulting African Americans, the NBA made brisk move and banned him from the alliance forever. Last week, the owner consented to let his wife sell the group in front of a NBA listening to that meant to oust the family from ownership.

Notwithstanding a signature from Donald Sterling, the sale would need to be sanction by no less than three-fourths of the 30 NBA owners. There likely wouldn't be opposition to Ballmer purchasing the group so long as he consented to keep the franchise in Los Angeles instead of moving it to Seattle.

On the off chance that you review, Ballmer resigned as Microsoft's CEO in February and passed the light on to Satya Nadella. With a total assets of around $20 billion, Ballmer didn't have to seek out partners so as to gain the group.