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Posted on 08/12/2014 11:55:45 AM PDT by EveningStar
Steve Ballmer officially became the new owner of the Los Angeles Clippers on Tuesday.
The team said the sale closed after a California court confirmed the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the franchise to the former Microsoft CEO. Her estranged husband, Donald Sterling, had unsuccessfully fought the sale of the team he owned since 1981 in court.
(Excerpt) Read more at news.yahoo.com ...
LOL, they will Love Ballmer , NOT ,LOL
Please ping me with any Southern California related articles. Thank you!
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I just hate it when they MAKE you take $2 billion for something that is worth $500 million.
The price for this team was perfectly insane.
I know. :(
A Clipper is a fast sailing ship that was sometimes used to provide escort to the slower cargo ships carrying slaves.
Therefore, the name is racist and must be changed as a condition of the sale.
:-)
How the hell does something of this magnitude and with so many complexities get settled....in MONTHS, not years but months?
Sterling was declared mentally incompetent to contest the sale. That little tid bit will be amplified and used as an excuse to marginalize him, in the event he follows through on his threat to dig up dirt on the other owners.
IOW, the story was about to get away from the PC crowd, and things were hurried through.
You kinda knew that going happen EVENTUALLY
Exce;;ent news....thanks for posting!
Excellent News.!!!
After multiple efforts ... Ballmer finally has a TEAM of his OWN!
NBA teams in major markets are rarely for sale, Ballmer is a basketball nut, unemployed, and fell butt first into a mountain of money.
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