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Tag Archives | Los Angeles Clippers

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A done deal for Los Angeles Clippers $2 billion purchase

By on Wednesday, August 13, 2014

It’s done deal. After months of turmoil and uncertainty, the Los Angeles Clippers have a new owner. Former Microsoft CEO, Steve Ballmer, is now in charge. The NBA announced yesterday that Ballmer is officially the new owner. Ballmer ponied up a heart stopping $2 billion dollars for the NBA franchise last April.  Despite the legal wrangling of embattled former owner, Donald Sterling, Los Angeles  Superior Court judge, Michael Levanas, ruled Sterling’s estranged wife, Shelly, did have the right to sell the team.... Read More →

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Judge rules against Donald Sterling, Clippers deal to move forward

By on Tuesday, July 29, 2014

The NBA is high-fiving a ruling by Los Angeles Superior Court Judge Michael Levanas clearing the way for that $2 billion dollar Clippers deal to move forward. Judge Levanas decision yesterday gives a huge victory to Shelly Sterling. In the probate trial, Donald Sterling claimed his estranged wife had defrauded him by taking control of the Sterling Trust and negotiating that multi-billion dollar agreement with former Microsoft executive Steve Ballmer. Will the litigious embattled owner of the Clippers step aside gracefully now? Probably not, but the judge’s... Read More →

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Los Angeles Clippers sold for $2 billion?

By on Thursday, May 29, 2014

Another shocking development in the Los Angeles Clippers/Donald Sterling saga tonight.  ESPN is reporting there is now an agreement between the Sterling Family Trust and  billionaire businessman Steve Ballmer. The former CEO of Microsoft  apparently has won the bidding war for the Clippers with an offer of $2 billion. Yes, that’s billion with a “b”.  Ballmer is worth at least $20 billion, according to Forbes. Also other media, including the L.A. Times,  are saying Ballmer has come out on top in the fight... Read More →

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New twist in Clippers drama: Wife to sell team

By on Friday, May 23, 2014

New twist in the Donald Sterling/Los Angeles Clippers drama. There are reports now that the embattled billionaire owner of the Clippers has had a change of mind about previous plans to fight the forced sale of the team. ESPN is reporting Sterling has agreed to allow his wife, Shelly, and her attorneys to negotiate a sale. Earlier this week, the NBA formally charged the 80 year-old real estate tycoon with damaging the league and its teams with a taped recording of his racist rants,... Read More →

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NBA puts L.A. Clippers’ owner Donald Sterling on notice

By on Monday, May 19, 2014

  Today the NBA moved to strip embattled Los Angeles Clippers’ owner, Donald Sterling, of his team. The league put Sterling on notice of the charge against him and what he needs to do to respond, according to a news release issued this afternoon. Here’s what the release says about the charge against the 80 year-old billionaire: “The charge asserts that Mr. Sterling engaged in conduct that has damaged and continues to damage the NBA and its teams. Among other things, Mr. Sterling disparaged African-Americans and “minorities”; directed... Read More →

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Oprah Winfrey

Does Oprah want to buy the Clippers?

By on Thursday, May 1, 2014

The list of potential bidders for the Los Angeles Clippers is growing. Does Oprah want to buy the Clippers? Music and media mogul, David Geffen, claims Oprah is part of his bidding team, which includes Oracle co-founder and CEO, Larry Ellison. Yesterday a spokesperson for Winfrey, Nicole Nichols,  confirmed that on ESPN. “Oprah Winfrey is in discussions with David Geffen and Larry Ellison to make a bid for the Los Angeles Clippers should the team become available,” Nichols said in the statement. Apparently Magic Johnson is... Read More →

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Tweets of support for Clippers from Earvin “Magic” Johnson

By on Tuesday, April 29, 2014

    Now the Clippers players and fans can concentrate on the game tonight against the Warriors with Commissioner Silver’s decision. — Earvin Magic Johnson (@MagicJohnson) April 29, 2014     I am urging all the Clippers’ fans to go out and support the team tonight against the Warriors! — Earvin Magic Johnson (@MagicJohnson) April 29, 2014  

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Donald Sterling is banned for life from the NBA

By on Tuesday, April 29, 2014

Justice was swift and powerful today for the embattled owner of the Los Angeles Clippers. During a news conference late this morning, NBA commissioner, Adam Silver, announced Donald Sterling is banned for life from the NBA. The ban is the result of an investigation by the NBA ,which determined it was indeed Sterling who got caught on tape making racist remarks. As part of the punishment,  the commissioner hit Sterling with a $2.5 million fine. Also, Silver says Sterling is going to be forced to sell... Read More →

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Updated:Several sponsors drop the L.A. Clippers in light of Sterling debacle

By on Monday, April 28, 2014

  UPDATED: By the end of the day, the list of major advertisers cutting ties with the Los Angeles Clippers had grown to more than a dozen — including heavyweights like Sprint, Burger King and Samsung. The L.A. Clippers should be focused on tomorrow’s crucial NBA play-off game against the San Francisco Warriors, but the Sterling controversy is a major distraction. Fallout and outrage are growing over audio recordings on two websites allegedly of Clippers owner, Donald Sterling, making racist comments. Today, several sponsors dropped the... Read More →

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