Shelly Sterling agrees to sell Clippers to Steve Ballmer

By Tami Abdollah

Associated Press

Published: Friday, May 30 2014 9:37 a.m. MDT

Updated: Friday, May 30 2014 9:37 a.m. MDT

FILE - In this Jan. 25, 2014, photo, then-Microsoft CEO Steve Ballmer, left, shakes hands with former NBA players Bill Russell, right, and "Downtown" Freddie Brown as Omar Lee looks on during an NCAA college basketball game between Washington and Oregon State in Seattle. An individual with knowledge of negotiations to sell the Los Angeles Clippers said Shelly Sterling has reached an agreement to sell the team to Ballmer for $2 billion. The individual, who wasn’t authorized to speak publicly, told The Associated Press on Thursday, May 29, 2014, that Ballmer and the Sterling Family Trust now have a binding agreement. The deal now must be presented to the NBA.

Elaine Thompson, File, Associated Press

LOS ANGELES — Former Microsoft CEO Steve Ballmer has agreed to buy the Los Angeles Clippers for a record-breaking $2 billion. Now it's up to others whether the deal goes through.

Shelly Sterling said in a statement issued late Thursday that she'd signed a binding contract for a sale of the Clippers by The Sterling Family Trust to Ballmer in what would be a record deal if approved by the NBA.

Ballmer "will be a terrific owner," Sterling said, "We have worked for 33 years to build the Clippers into a premier NBA franchise. I am confident that Steve will take the team to new levels of success."

Sterling negotiated the sale after her husband, Donald Sterling, made racist remarks that were made public. The remarks included Sterling telling girlfriend V. Stiviano not to bring blacks to Clippers games, specifically mentioning Hall of Famer Magic Johnson.

Shelly Sterling's statement noted that she made the deal "under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers." Donald Sterling's attorneys contend that he is a co-owner and therefore must give his assent for the deal to go through. They also say he won't be giving it.

"Sterling is not selling the team," said his attorney, Bobby Samini. "That's his position. He's not going to sell."

Ballmer beat out bids by Guggenheim Partners and a group including former NBA All-Star Grant Hill after presenting an "all-around superior bid," according to an individual with knowledge of the negotiations. The individual, who wasn't authorized to speak publicly, said Ballmer made more than an hour-long personal visit to Shelly Sterling's Malibu home Sunday and laid out his plan.

"He knocked their socks off, they bonded, had a good connection," the individual said. The amount was also the largest of the offers, and Ballmer was one potential buyer to deal with rather than numerous members of a group.

Ballmer said in a statement that he is honored to have his name submitted to the NBA for approval and thanked the league for working collaboratively with him throughout the process.

"I love basketball. And I intend to do everything in my power to ensure that the Clippers continue to win — and win big — in Los Angeles," Ballmer said. "LA is one of the world's great cities — a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness."

On Thursday, Magic Johnson lauded the deal on his Twitter account: "Steve Ballmer owning the Clippers is a big win for the City of LA and all the people who live in the City of Angels!"

Though Donald Sterling's attorneys now say he won't agree to sell the team, a May 22 letter obtained by The Associated Press and written by another of Sterling's attorneys that says that "Donald T. Sterling authorizes Rochelle Sterling to negotiate with the National Basketball Association regarding all issues in connection with a sale of the Los Angeles Clippers team." It includes the line "read and approved" and Donald Sterling's signature.

Samini said Sterling has had a change of heart primarily because of "the conduct of the NBA." He said NBA Commissioner Adam Silver's decision to ban Sterling for life and fine him $2.5 million as well as to try to oust him as an owner was him acting as "judge, jury and executioner."

"They're telling me he should stand back and let them take his team because his opinion on that particular day was not good, was not popular?" Samini said. "It doesn't make sense. He's going to fight."

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