HoopsHype Steve Ballmer rumors

May 30, 2014 Updates

Donald Sterling has Alzheimer's and that's why doctors declared he is incompetent to have a voice in the sale of the L.A. Clippers ... TMZ Sports has learned. Sources connected with the Sterling family tell TMZ ... the trust agreement that governs the family's ownership of the team provides if 2 qualified doctors determine either Donald or Shelly shows "an inability to conduct business affairs in a reasonable and normal manner" ... they will then be stripped of control over the team. TMZ.com

“I will be honored to have my name submitted to the NBA Board of Governors for approval as the next owner of the Los Angeles Clippers,” Ballmer said in the statement. “I love basketball. And I intend to do everything in my power to ensure that the Clippers continue to win -- and win big -- in Los Angeles. L.A. is one of the world’s great cities -- a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness. I am confident that the Clippers will in the coming years become an even bigger part of the community.” Los Angeles Times

The Geffen group offered $1.6 billion and the Ressler-Karsh group offered $1.2 billion. Those offers were rejected, according to several people involved in the negotiations who asked not to be named because of the sensitivity of the bidding. The sale price would be almost four times the previous NBA franchise high: the $550 million paid earlier this month for the Milwaukee Bucks. It would be the second-highest price ever paid for a sports team in North America. The Dodgers sold in 2012 for $2.1 billion. Los Angeles Times

May 29, 2014 Updates

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