Menu
Ballmer wins LA Clippers basketball team for $2 billion

Ballmer wins LA Clippers basketball team for $2 billion

The previous owner was forced to sell the team after allegations of racist remarks

Former Microsoft CEO Steve Ballmer has reached an agreement to buy the Los Angeles Clippers for a record US$2 billion, according to reports.

The professional basketball team based in Los Angeles, California has been up for sale after the National Basketball Association Commissioner Adam Silver banned owner Donald Sterling for life from any association with the Clippers or the NBA for alleged racial comments.

Silver also announced in April that he will urge the NBA's Board of Governors to force a sale of the team.

Ballmer, who retired in February from Microsoft after 14 years, has been interested in owning an NBA franchise for a while. He beat other bidders that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen, Oprah Winfrey, Oracle CEO Larry Ellison and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers, USA Today reported.

The former Microsoft executive seems unlikely to move the L.A. Clippers to Seattle, Washington after acquiring the franchise. "If I get interested in the Clippers, it would be for Los Angeles," Ballmer told The Wall Street Journal earlier this month. "Moving them anywhere else would be value destructive."

The NBA Board of Governors must still approve the sale, according to reports. There is some debate, however, whether Sterling has to sign off on the deal or has given his wife the authority to sell the team.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesNational Basketball Associationsteve ballmerentertainment

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Show Comments