Steve Ballmer is a billionaire and he is apparently looking to invest part of its fortune into the acquisition of Los Angeles Clippers basketball team. Read more below on this interesting report.
According to some rumors circulating in the online environment, the wife of Los Angeles Clippers owner Donald Sterling has reportedly met billionaire former Microsoft chief executive Steve Ballmer on Sunday and they discussed about selling the club. Previously, it was reported that Donald Sterling had surrendered control of the Los Angeles Clippers to his wife. The rumored deal has been estimated at about $2billion, and the club’s value has is said to be around $600 million; and if it does get through, there are chances that Ballmer might want to move the club to Seattle.
Former Microsoft CEO looks to get involved into basketball
Donald Sterling has been banned for life from all league activities, and this is the main reason why his wife Shelly Sterling has gained control of the club. The Wall Street Journal asked Ballmer earlier this month if he’d be interested in buying the team:
I have nothing definitive to say. Am I right on top of what’s going on there? Absolutely I am. I love basketball, and I’d love to participate at some point in the NBA. If the opportunity is outside of Seattle, so be it.
Ballmer was close to buying the Sacramento Kings franchise which he wanted to use for a new sports arena in Seattle, but the deal didn’t go throguh after an NBA committee blocked the $625 million deal. Ballmer also tried to keep the Sonics in Seattle in 2008 before the team left for Oklahoma City. So, this time, it could be Ballmer’s chance to get involved for good.
If Ballmer does end up buying the Clippers, this would make him the second former Microsoft top executive to own an NBA team, after Paul Allen, the owner of the Portland Trailblazers.