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Former Microsoft CEO Steve Ballmer Buys the LA Clippers For $2 Billion

Posted by samzenpus on from the big-wallet dept.

DroidJason1 (3589319) writes "Former Microsoft CEO Steve Ballmer has purchased the LA Clippers for a whopping $2 billion, also setting a new record price for an NBA team. This deal is apparently tentative until Donald Sterling gives his blessing. Twenty-nine other NBA owners need to offer their approval as well, but that shouldn't be a problem as long as Ballmer reaffirms his commitment of keeping the Clippers in Los Angeles. Interestingly, Donald Sterling had purchased the team back in June of 1981 for $12.5 million." We talked about this earlier in the week when rumors of the purchase started circulating.

6 of 270 comments (clear)

  1. What a punishment by ClownPenis · · Score: 5, Insightful

    Poor racist bastard. We showed him!

    1. Re:What a punishment by Frosty+Piss · · Score: 4, Insightful

      Steve Ballmer has purchased the LA Clippers for a whopping $2 billion ... This deal is apparently tentative

      So, in other words, he has *not* purchased the Clippers (yet).

      --
      If you want news from today, you have to come back tomorrow.
    2. Re:What a punishment by Fjandr · · Score: 4, Insightful

      Which in turn can be boiled down to: It's profitable to be extremely wealthy.

  2. Instead of a new TV I guess by fey000 · · Score: 4, Insightful

    I like how one of the worst CEO's of all time still makes enough money to go on a $2 billion shopping spree.
    At my job, I only get a bonus when I perform above expectations...

    1. Re:Instead of a new TV I guess by Anonymous Coward · · Score: 5, Insightful

      I like how you ignore the fac that he was the 30th employee of and owned an 8% stake in one of the largest and most successful companies ever. Idiot.

    2. Re:Instead of a new TV I guess by bloodhawk · · Score: 4, Insightful

      Worst CEO of all time? geez most CEO's would give their right arm to be half as successful as he has been since he became CEO. Profits, revenue and sales all increased under him year on year with very good growth across the board while not allowing costs to blow out. Yes he had plenty of failures but from a business standpoint he has actually been a massive success for them with his successes far outweighing the failures, could he have been more successful with a few smarter choices, SURE, but very few CEO's have outperformed him over the past decade or so.