L.A. Clippers Have A New Owner: Steve Ballmer’s Bid Finalized

By Staff  |  08/12/2014

Chris Paul

Despite Donald Sterling's attempts to block the sale of the Los Angeles Clippers, the deal has been finalized.

According to ESPN.com, former Microsoft CEO Steve Ballmer's bid to purchase the NBA franchise closed Tuesday (August 12) after courts confirmed that Sterling's wife Shelly had the authority to sell the team on behalf of the Sterling Family Trust.

Ballmer bid $2 billion for the Clippers in May, which Shelly accepted.

"I am humbled and honored to be the new owner of the Los Angeles Clippers," Ballmer said in a statement released by the team. "Clipper fans are so amazing. They have remained fiercely loyal to our franchise through some extraordinary times. I will be hard core in giving the team, our great coach, staff and players the support they need to do their best work on the court."

His takeover of the Clippers follows weeks of legal entanglements between Shelly and Donald Sterling, whom the NBA banned earlier this year for making offensive remarks about blacks. Despite the deal going through, Donald is expected to appeal the sale.

The NBA, on the other hand, has filed a counterclaim in federal court against Donald Sterling and the Sterling Family Trust, saying he caused "devastating and incalculable harm" to the league.