Shelly Sterling announced late Thursday night that she has signed
an agreement to sell the Los Angeles Clippers to former Microsoft
chief executive Steve Ballmer for $2 billion.
A source close to the situation told ESPN’s Ramona Shelburne that
Sterling and Ballmer signed the final papers of the sale shortly
before midnight at the offices of her Los Angeles-based attorneys.
Sterling announced she was acting under her authority as the sole
trustee of the Sterling family trust, which owns the Clippers.
Ballmer’s $2 billion bid beat a $1.6 billion bid from a group with some familiar names:
Ballmer should make for a great sports owner. He’s got plenty of money and a passion for winning.