Isaac
Years ago
Steve Ballmer buys Clippers for $2b
Record price for an NBA team. Steve Ballmer was most recently CEO of Microsoft.
Other bids game from David Geffen and co ($1.6b) and a group of LA investors ($1.2b). Previous record sale price was the $550m paid for the Bucks earlier this month.
It's the second highest price achieved for a pro sports team in North America behind the Dodgers' 2012 sale for $2.1b.
Ballmer lives in Seattle and has an estimated net worth of $20b. He previously attempted to buy the Sacramento Kings and move them to Seattle, but other owners rejected the proposal.
It's likely this sale will get the support of the other owners who will require he not move the team. Ballmer has previously said that the high price of the Clippers only makes sense in the context of LA.