According to the LA Times, a tentative agreement to buy the Clippers for about $2 billion was recently ironed out. After NBA commissioner Adam Silver announced the league will force current owner Donald Sterling to sell the team after racist remarks he made leaked out, a number of potential bidders appeared. According to the Times report, Ballmer beat out several other bids, including one from a group led by entertainment exec David Geffen for $1.6 billion. The ex-Microsoft CEO has a reported net worth of between $15 – $20 billion, so he can certainly afford it,
There’s no official announcement of the deal, and according to TMZ, negotiations are still under way with several bidders. Others like Grantland / ESPN’s Bill Simmons are hearing the deal is just about done, with caveats that there are several hurdles before it’s approved. Well well well…Who’d have thunk it!