Displayed with permission from International Business Times
After months of legal disputes, the Los Angeles Clippers have a new owner, as former Microsoft CEO Steve Ballmer officially took control of the team Tuesday. The sale of the team by Shelly Sterling on behalf of the Sterling Family Trust was confirmed by a California court.
“The transaction in which Steve Ballmer purchased the Los Angeles Clippers closed today following the entry of an order by a California court confirming the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the team,” the NBA said in a statement.
“The NBA Board of Governors previously approved the sale and Ballmer is now the Clippers governor.”
The deal is reportedly worth $2 billion. The Clippers were put up for sale following the release of racist comments made by then-owner Donald Sterling in April. Days later, NBA Commissioner Adam Silver banned Sterling from the league, and fined him $2.5 million.