Sterling is out and Ballmer is in!
By Catholic Online (NEWS CONSORTIUM)
8/13/2014 (2 years ago)
Catholic Online (www.catholic.org)
Steve Ballmer, the former CEO of Microsoft became the new owner of the NBA's Los Angeles Clippers after his purchase of the team was confirmed on August 12.
Steve Ballmer, former Microsoft CEO and now owner of the Los Angeles Clippers franchise.
LOS ANGELES, CA (Catholic Online) - This sale marks the end of the co-ownership of the team by billionaire Donald Sterling and his estranged wife, Shelly. Donald bought the Clippers in 1981 for about $12 million, and was the longest-tenured owner in the NBA.
The negotiated $2 billion sale price is now the record for the sale of any sports franchise in North America.
Donald Sterling was the former owner of the Los Angeles Clipper franchise and lost control after a lengthy legal battle.
Ballmer, players and coach Doc Rivers will meet fans Monday at the Staples Center in Los Angeles during the Clippers Fan Festival.
"I am humbled and honored to be the new owner of the Los Angeles Clippers," Ballmer said in a statement. "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."
In April of 2014, Sterling came under fire for racist remarks he made against African-Americans, which were secretly recorded and released to the public online.
In a rapid response, the NBA banned Sterling for life, fined him the maximum $2.5 million, and moved toward terminating Sterling's ownership of the Clippers.
Under the sale, Ballmer agreed to give Shelly Sterling the title of "owner emeritus" of the team, so that she could retain a connection to the franchise.
"I am thrilled that the Clippers now have such a wonderful new owner," said Shelly Sterling. "I am confident that Steve will bring the city a championship team in the very near future.
"I Cannot wait for the new season to begin."
The Clippers sale closed after "the entry of an order by a California court confirming the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the tea," the NBA reported in a statement made the same day.
"The NBA Board of Governors previously approved the sale and Ballmer is now the Clippers Governor."
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for APRIL 2017
Young People. That young people may respond generously to their vocations and seriously consider offering themselves to God in the priesthood or consecrated life.
Super Bowl Sunday. It's as American as apple pie, but in recent years, controversy has erupted over the beloved American pastime and - ... continue reading
The Chicago Cubs have won the 2016 World Series in a 10-inning game, beating the Cleveland Indians 4-3. The win breaks a 108-year losing ... continue reading
The world lost a great human being and legendary sportsman in Arnold Palmer. The golfer passed away on September 25, a day before he was to ... continue reading
On Sept. 2, Dodger Stadium served as the center of a massive Venn diagram of local Catholics and lifelong fans of the Los Angeles Dodgers, ... continue reading
The Freedom From Religion Foundation (FFRF) group has accused Georgia football coach Mark Richt of forcing his beliefs onto the college ... continue reading
by Catholic Online
- The Saint Pio Foundation to Honor Hon. Rick and Karen Santorum and ...
- Wait, what? Did Pope Francis just buy a private beach? Yes he did, ...
- Pope Francis surprises with TED Talk appearance and powerful message ...
- Daily Reading for Friday, April 28th, 2017 HD Video
- Has the Trump administration betrayed the Little Sisters of the Poor?
- Daily Readings for Thursday, April 27, 2017
- St. Zita: Saint of the Day for Thursday, April 27, 2017
- saint elizabeth
- saint paul
- saint christopher
- st mary
- nicene creed
- our lady of guadalupe
- saint francis of assisi
- young children
- Saint Nicole
- st. michael
- saint francis
- st nicholas
- all saints day
- list of saints
- st anne
- st christopher
- St. Joseph
- juan diego
- francis of assisi
- Day 6 - Novena for Workers, the Unemployed and Underemployed HD
- Daily Reading for Thursday, April 27th, 2017 HD
- Cherokee Nation sues drug distributors while CDC claims opioid deaths are underreported HD
- Day 5 - Novena for Workers, the Unemployed and Underemployed HD
Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.