Wednesday, August 13, 2014

Billonaire Steve Ballmer Finally Buys LA, NBA Reports

The sale of the Los Angeles Clippers to ex-Microsoft CEO Steve Ballmer was completed Tuesday with an email from a California courtroom, one of Ballmer's attorneys said

The NBA Board of Governors had previously approved the $2 billion deal, which was officially closed after a California court issued a final order confirming the authority of Shelly Sterling to sell the team on behalf of the Sterling Family Trust, the NBA confirmed on its website. Shelly Sterling was the sole trustee after her husband, Donald Sterling, was found mentally incapacitated by two doctors and subsequently removed as a co-trustee.

Ballmer's attorneys moved quickly to finalize the deal Tuesday as soon as Los Angeles County Superior Court Judge Michael Levanas issued a written ruling. Levanas had issued an oral opinion in favor of Shelly Sterling on July 28, but to make the sale official, Ballmer needed a final order.

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