Oprah Winfrey 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.
Oprah Winfrey’s best friend Gayle King has said she would place a bet on the veteran talk show host buying the embattled LA Clippers basketball team in the near future. The CBS ‘This Morning’ presenter, 59, who has long been a confidante and business partner of Ms Winfrey, said ‘If I was a betting man I’d say yes’, when asked if her friend would buy the team. Since current Clippers owner Donald Sterling was banned for life by NBA commissioner Adam Silver for making racist remarks, a number of high profile figures have been linked with the purchase of the club – including Floyd Mayweather, Oscar De La Hoya and Magic Johnson.
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.”
Winfrey’s spokesperson, Nicole Nichols, issued a statement later Wednesday, confirming Geffen’s claim. “Oprah Winfrey is in discussions with David Geffen and Larry Ellison to make a bid for the Los Angeles Clippers should the team become available,” Nichols said in the statement.
Oprah Winfrey is considering teaming with David Geffen and Larry Ellison to make a bid to buy the Los Angeles Clippers if the NBA board of governors votes to force Donald Sterling to sell the team, sources told ESPN. Geffen, a music and film mogul with a net worth that Forbes estimates at $6.2 billion, reportedly tried to buy at least a controlling stake in the Clippers in 2010 but was rebuffed by Sterling. Ellison, the CEO of Oracle, a business software and technology company, has attempted to purchase several sports teams in recent years.
Score another interview coup for Oprah Winfrey. The Queen of Talk will speak with NBA player Jason Collins, his twin brother Jarron and family for their first interview together on the heels of Collins’ public announcement as the first openly gay active pro athlete in a major American sport.