David Geffen Rumors

The co-founder of investment bank Guggenheim Partners and its president are helping billionaire media executive David Geffen put together a group to bid on the Los Angeles Clippers professional basketball team. Guggenheim said in a statement on Wednesday that co-founder and Chief Executive Officer Mark Walter and President Todd Boehly are joining Geffen’s existing group of bidders, which includes television icon Oprah Winfrey and Oracle Chief Executive Officer Larry Ellison. Among competing bidders are former Microsoft Chief Executive Officer Steve Ballmer and billionaire Anthony Ressler.
via Reuters
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Geffen also told Schaap that LeBron James was interested in playing in Los Angeles when he was a free agent in 2010 and that James, who ultimately signed with the Miami Heat, told him he would not play for Sterling. “[The] reasons are perfectly clear,” said Geffen, would not specifically disclose why James didn’t want to play for Sterling. I’m a fan. I bring something to the table, it’s fun and I can afford it,” Geffen said. “I live in L.A., that’s one thing that makes it attractive.”
via ESPN.com
Geffen said he and Ellison would run the team, while Winfrey would be an investor. “Oprah is not interested in running the team,” Geffen told Schaap. “She thinks it would be a great thing for an important black American to own [another] franchise. The team deserves a better group of owners who want to win. Larry would sooner die than fail. I would sooner die than fail. Larry’s a sportsman. We’ve talked about this for a long time. Between the three of us, we have a good shot.”
via ESPN.com