Steve Ballmer to buy LA Clippers for $2 billion

According to new reports, Microsoft ex-CEO Steve Ballmer has reached a deal to buy the Los Angeles Clippers basketball team for $2 billion, reports say.

Clippers owner Donald Sterling was banned from the sport for life after he was recorded making racist remarks.

Microsoft ex-CEO Steve Ballmer has reached a deal to buy the Los Angeles Clippers basketball team for $2 billion (photo Getty Images)

The NBA later agreed to begin the process of selling the team.

The bid was reportedly accepted by Donald Sterling’s wife, Shelly.

Steve Ballmer is believed to have outbid two rival groups for the team, one of which was led by media mogul David Geffen and included talk show host Oprah Winfrey.

He retired from Microsoft in February, but he still owns shares in the company.

A forced sale of the LA Clippers would require the approval of three-quarters of the 30 team owners in the NBA.

But Donald Sterling could still oppose the sale in the courts, according to sports lawyers.

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Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.