Former Microsoft Chief Executive Steve Ballmer now owns the NBA’s LA Clippers for a record $2 billion, which officially marks the end of ownership by Donald Sterling.
The sale of the franchise closed on August 12, the NBA revealed, after Ballmer bid $2 billion.
“I am humbled and honored to be the new owner of the Los Angeles Clippers,” Ballmer said in a statement. “Clipper fans are so amazing. They have remained fiercely loyal to our franchise through some extraordinary times. I will be hard core in giving the team, our great coach, staff and players the support they need to do their best work on the court.”
The 80-year-old Sterling tried to fight the sale in court, but he lost that legal battle.
A California court said that Donald Sterling’s wife has the authority to sell the team on behalf of the couple’s trust.
Under the deal, Shelly Sterling will hold the title of “owner emeritus,” which will still allow here to keep in contact with the franchise.