Sterling is out and Ballmer is in!
FREE Catholic Classes
By Catholic Online (NEWS CONSORTIUM)
8/13/2014 (4 years ago)
Catholic Online (https://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 2019 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for January 2019
Young People and the Example of Mary. That young people, especially in Latin America, follow the example of Mary and respond to the call of the Lord to communicate the joy of the Gospel to the world.
On Sunday, France and Croatia will square off on the soccer pitch for the 2018 FIFA World Cup Championship. While most U.S. Catholics are ... continue reading
The 2018 Olympic Games have opened in Pyeongchang, South Korea. The opening ceremonies saw the North and South Korean teams enter the ... continue reading
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
by Catholic Online
- Making a Difference: U.S. bishops confront racism and call us to ...
- Prayer Requests Live for Friday, February 22nd, 2019
- Tagle: Confront the 'stench of filth' caused by abuse
- Daily Readings for Saturday, February 23, 2019
- Daily Reading for Sunday, February 24th, 2019 HD Video
- St. Polycarp: Saint of the Day for Saturday, February 23, 2019
- Vermont bishop: Abortion bill tests limits of human brokenness
- Prayer Requests Live for Thursday, February 21st, 2019 HD
- Daily Reading for Saturday, February 23rd, 2019 HD
- Prayer Requests Live for Wednesday, February 20th, 2019
- Daily Reading for Friday, February 22nd, 2019 HD
Learn about Catholic world
Inform - Inspire - Ignite
Catholic Online Saints
Your saints explained
Catholic Online Prayers
Prayers for every need
Catholic Online Bible
Complete bible online
Catholic Online News
Your news Catholic eye
Today's bible reading
Products and services we offer
Catholic Online Shopping
Catholic medals, gifts & books
Advertise on Catholic Online
Your ads on catholic.org
Catholic Online Email
Email with Catholic feel
Learn the Catholic way
Catholic Online School
Free Catholic education for all
K-12 & Adult Education Classes
Support Free Education
Tax deductible support Free education
Copyright 2019 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 2019 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.
Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.