Despite Donald Sterling’s objections to selling the Los Angeles Clippers, the family trust has moved forward… reportedly signing an agreement with former Microsoft chief executive Steve Ballmer for $2 billion.
According to ESPN.com, the agreement was signed Thursday (May 29) and was sent straight to the NBA for final approval.
80-year-old Donald Sterling was reportedly found by experts to be mentally incapacitated, so it allowed his wife Shelly to become the sole trustee. She dealt directly with Ballmer under guidelines previously established in the Sterling family trust.
Ballmer’s $2 billion bid was said to be the highest submitted, topping offers from groups led by music mogul David Geffen ($1.6 billion) and L.A. investors Tony Ressler and Steve Karsh ($1.2 billion).