Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/30/2014 (1 year ago)

Catholic Online (www.catholic.org)

Former Microsoft executive Ballmer buys the team

The Los Angeles Clippers have an apparent worth of $2-billion, at least according to former Microsoft chief executive Steve Ballmer, who won a bidding war for the team, edging out offers of $1.6 and $1.2-billion.

The NBA has pressured the Sterling family to sell the Clippers after racist comments made by Donald Sterling were made public.

The NBA has pressured the Sterling family to sell the Clippers after racist comments made by Donald Sterling were made public.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/30/2014 (1 year ago)

Published in Sports

Keywords: Sports, NBA, news


LOS ANGELES, CA (Catholic Online) - The bid set a record for the highest price of an NBA franchise, edging out the previous record holder by nearly four times the amount; earlier in May, the Milwaukee Bucks sold for $550-million. The bid is also the second highest price ever paid for a sports team in North America, following the sale of the L.A. Dodgers for $2.1-billion in 2010.

The co-owner of the Clippers, Shelly Sterling, concluded the deal with Ballmer late in the evening of May 28, but an attorney for Donald Sterling-who is also an owner of the team-said that deal still needs Mr. Sterling's signature.

"There's been no sale. There can be no sale without Donald's signature," said Bobby Samini, Mr. Sterling's attorney.

Mr. Sterling had agreed to let his wife conduct the sale of the team during the previous week, after changing his stance on selling the team numerous times. Mr. Sterling has owned the Clippers for more than three decades, and was heavily pressured into selling the team after a secret recording in which he insulted African Americans was released.

The final sale will also need the approval of three-fourths of the 30 NBA owners, though as long as Ballmer reaffirms his promise not to move the team to Seattle, it is expected to gain the needed approvals.

Ballmer has said that he does not intend to move the team from L.A., as the team's value only makes sense if it remains in L.A., the country's second biggest media market.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Sports

Atheist group attacks Christian football coach Watch

Image of Christian football coach Mark Richt.

By Kenya Sinclair (NEWS CONSORTIUM)

The Freedom From Religion Foundation (FFRF) group has accused Georgia football coach Mark Richt of forcing his beliefs onto the college football players. LOS ANGELES, CA (Catholic Online) - The Telegraph reported the FFRF accused Richt and his brother-in-law Kevin ... continue reading


First NFL woman coach added to Arizona Cardinals Watch

Image of Jen Welter is among seven coaching interns working with the team over the summer. Her tenure in 2015 is expected to be brief.

By Catholic Online (NEWS CONSORTIUM)

Bruce Arians, in his two years as Arizona Cardinals coach, has pressed for diversity on the gridiron. He has hired assistants as young as in their twenties or as old as in their seventies. Arians has now hired the first female NFL coach, Jen Welter. LOS ... continue reading


First Triple Crown winner since 1978, American Pharaoh wins 147th Belmont Stakes Watch

Image of Jockey Victor Espinoza rode American Pharaoh during this year's Triple Crown races.

By Catholic Online (NEWS CONSORTIUM)

American Pharaoh became the first horse since 1978 to win the Triple Crown when he won the 147th Belmont Stakes Saturday. Pharaoh's jockey Victor Espinoza pushed his ride to the front after the race started. Pharaoh outclassed the field, pulling away down the ... continue reading


Billy Casper, golf legend, dies at 83 Watch

Image of Billy Casper, golf legend, has died at the age of 83.

By Matt Waterson (NEWS CONSORTIUM)

Golf legend Billy Casper, a prolific player of the PGA Tour, has died of a heart attack at the age of 83 in his Utah home. LOS ANGELES, CA (Catholic Online) - Billy Casper's son said that he died very peacefully and quickly in bed, with his wife Shirley at his bed ... continue reading


Following devestating loss to Seattle, 49ers look to replace Harbaugh in trade Watch

Image of Jim Harbaugh is well known for his excitability on the field, though with his record with the 49ers prior to this season it could be excused because of his successes.

By Catholic Online (NEWS CONSORTIUM)

Following their fifth regular-season loss to the Seattle Seahawks on November 27, a rumor began circulating that the San Francisco 49ers were getting ready to replace their fiery and animated head coach, Jim Harbaugh. LOS ANGELES, CA (Catholic Online) - ESPN's Adam ... continue reading


PILLGATE: Federal agents begin probe into NFL drug abuse Watch

Image of Several NFL teams were inspected by federal agents following their Sunday games as part of a probe into allegations that the NFL condones and permits the illegal use of medication.

By Catholic Online (NEWS CONSORTIUM)

Federal agents launched a surprise drug inspection of the NFL's medical staffs on November 16, part of a larger ongoing investigation into accusations that the league is allowing prescription drug abuse. LOS ANGELES, CA (Catholic Online) - During the inspection, ... continue reading


Giants beat Royals in Game 7 for eighth championship title Watch

Image of The Giants just won their eight World Series with a 3-2 Game 7 win over the Kansas City Royals.

By Catholic Online (NEWS CONSORTIUM)

The San Francisco Giants won their eight World Series-the third since 2009-brushing aside incredible odds and a sea of 40,000 Royals fans. LOS ANGELES, CA (Catholic Online) - The Giants defeated Kansas City 3-2 in Game 7, and with that victory they've become the ... continue reading


Where will it end? Manning breaks touchdown pass record against 49ers Watch

Image of Peyton Manning broke the NFL's record for career touchdown passes, with 509, during the October 19 game against the 49ers.

By Catholic Online (NEWS CONSORTIUM)

Payton Manning, the quarterback for the Denver Broncos, has broken the NFL's all-time touchdown record during his October 19 game against the San Francisco 49ers. LOS ANGELES, CA (Catholic Online) - Manning needed three touchdowns to break the record, and had ... continue reading


Ishikawa sends the Giants to the World Series after a three-run homer Watch

Image of Travis Ishikawa sealed the win over the Cardinals with a three-run homer in the bottom of the ninth inning.

By Catholic Online (NEWS CONSORTIUM)

The San Francisco Giants are heading to the World Series to battle the Kansas City Royals after a 6-3 win over the St. Louis Cardinals during game 5 of the series on October 16. LOS ANGELES, CA (Catholic Online) - Travis Ishikawa helped sink the win with a ... continue reading


After Orioles bumb Yankees from playoffs, Derek Jeter gets set to retire Watch

Image of New York Yankee Derek Jeter, who is retiring from the MLB after this season, his 20th.

By Catholic Online (NEWS CONSORTIUM)

The New York Yankees have been eliminated from the playoffs after letting a three-run lead over the Baltimore Orioles slip away, ending the game with a 9-5 loss. LOS ANGELES, CA (Catholic Online) - "It's tough. It's a rough feeling," said Yankee captain Derek ... continue reading


All Sports News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Colossians 1:9-14
9 That is why, ever since the day he told us, we have ... Read More

Psalm, Psalms 98:2-3, 3-4, 5-6
2 Yahweh has made known his saving power, revealed ... Read More

Gospel, Luke 5:1-11
1 Now it happened that he was standing one day by the ... Read More

Saint of the Day

Saint of the Day for September 3rd, 2015 Image

Pope Saint Gregory the Great
September 3: St. Gregory, born at Rome about the year 540, was the son of ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter