The bidding war for the L.A. Clippers has begun, andthe winner is former Microsoft CEO Steve Ballmer. His bid of $2 billion was the highest. His bid beat out that of media mogul David Geffen ($1.6 billion) and other investors Tony Ressler and Steve Karsh ($1.2 billion). He was the only one to come forward with a solo bid –that is, a bid without other investors. Geffen has announced that his group had officially withdrawn their bid.
This isn’t the first time Ballmer considered buying an NBA team. He was a part of the group that tried to buy the Sacramento Kings and move them to Seattle. That effort failed.
While bidding is over, there are still more hurdles. Though the vote hasn’t officially taken place –and though it’s expected to pass along with Shelly Sterling pushing to make the sale before the vote, Donald Sterling is still being a bit stubborn.
I like what’s happening. I’m glad this process is moving forward. All reports about Ballmer seem to point to him being a good businessman who will also make a good owner.
What do you think?
Your Jersey Girlfriend,