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Shelly Sterling: Trust agrees to sell Clippers to Steve Ballmer (2 billion Dollars)
LA Times ^ | Msy 30, 2014 1:30 am | John Cherwa

Posted on 05/30/2014 9:30:15 AM PDT by Ernest_at_the_Beach

The sale of the Clippers continued on its bizarre journey late Thursday night when representatives of co-owner Shelly Sterling sent out a media release that the Sterling family trust has agreed to sell the team to former Microsoft Chief Executive Steve Ballmer for $2 billion.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: laciippers; nba
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1 posted on 05/30/2014 9:30:15 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Shelly and Donald Sterling at a Clippers game in 2010. (Mark J. Terril/Associated Press)
2 posted on 05/30/2014 9:32:14 AM PDT by Ernest_at_the_Beach
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To: SunkenCiv

fyi


3 posted on 05/30/2014 9:33:24 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Well, THAT’LL punish the old coot. He bought the team for 12.5 million, and now he will get 2 BILLION. Take THAT STERLING!


4 posted on 05/30/2014 9:33:45 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Ernest_at_the_Beach
2 Billions!

That'll buy some whore a lotta bling!

5 posted on 05/30/2014 9:33:45 AM PDT by TexasCajun
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To: Ernest_at_the_Beach

A woman scorned and all that... Have the old coot declared crazy then split with the cash. Sounds like a plan to me!


6 posted on 05/30/2014 9:34:08 AM PDT by refermech
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To: TexasCajun
"That'll buy some whore a lotta bling!"

Somewhere out there, there's a gold digger just waiting for her chance. Advice to gold digger: Don't express any interest in basketball or basketball players.

7 posted on 05/30/2014 9:36:16 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: refermech

It sounds “crazy like a fox.”


8 posted on 05/30/2014 9:36:43 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Ernest_at_the_Beach

Oprah and Magic will be pissed! It wasn’t supposed to turn out this way.


9 posted on 05/30/2014 9:37:10 AM PDT by House Atreides
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To: refermech
Have the old coot declared crazy

If he's not responsible enough to sell the team now, then was he responsible enough in April to mean what he said in a private conversation?

10 posted on 05/30/2014 9:37:54 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Ernest_at_the_Beach

I don’t get it. Why are the Clippers so valuable?

They are by far the second team in LA. They only get some attention because the Lakers are so bad right now, but you know that won’t last for long.


11 posted on 05/30/2014 9:38:34 AM PDT by dfwgator
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To: dfwgator

TV. Second biggest market in the country.


12 posted on 05/30/2014 9:40:49 AM PDT by TangledUpInBlue (I have no home. I'm the wind.)
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To: dfwgator

Evidently Ballmer wants to amuse himself with a hobby. $2 billion is pocket change for him. Now he can amuse himself by buying some top players to fill the gaps.


13 posted on 05/30/2014 9:42:03 AM PDT by Cicero (Marcus Tullius)
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To: refermech
I posted this from an English tech site earlier:

Sterling too mad to stop Ballmer buying basketball team (Wife signs the deal though )

Confession:I am a fan of the Basketball team.

14 posted on 05/30/2014 9:42:49 AM PDT by Ernest_at_the_Beach
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To: dfwgator
They are by far the second team in LA. They only get some attention because the Lakers are so bad right now, but you know that won’t last for long

I'm hoping Ballmer is planning on moving them to Seattle... GO SONICS!

15 posted on 05/30/2014 9:43:29 AM PDT by PrivateIdaho ( "Courage is being scared to death... but saddling up anyway." (John Wayne))
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To: Cicero

Ballmer, the guy that said that iPhone would be a flop.


16 posted on 05/30/2014 9:44:20 AM PDT by dfwgator
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To: dfwgator
Why are the Clippers so valuable?

Because they're the second team in LA. If they were the first team in LA then they's be worth more. If they were the only team in Milwaukee they'd be worth about $600 million.

17 posted on 05/30/2014 9:44:34 AM PDT by DoodleDawg
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To: dfwgator
All big market sports teams are a hot item Right now.,
18 posted on 05/30/2014 9:45:42 AM PDT by Ernest_at_the_Beach
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To: DoodleDawg

According to Forbes, the Lakers are worth 1.3 Billion.

It makes no sense.


19 posted on 05/30/2014 9:45:58 AM PDT by dfwgator
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To: Ernest_at_the_Beach

Fools and their money.


20 posted on 05/30/2014 9:46:40 AM PDT by dfwgator
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