Steve Ballmer Rumors
Former Clippers owner Donald Sterling lost his appeal Monday to regain the team his estranged wife sold last year for a record $2 billion after he was booted from the NBA for making discriminatory remarks about black people. The 2nd District Court of Appeal said Shelly Sterling properly removed her husband from a family trust that owned the team and that the sale to former Microsoft CEO Steve Ballmer prevented the trust from an “extraordinary loss.” Shelly Sterling took control of the family trust after a recording surfaced of Donald Sterling making offensive comments to a young girlfriend about black people and other minorities.
The appeals court said Donald Sterling failed to show the judge committed any legal error. The three-judge panel also noted that before Sterling refused to sign off on the sale he had congratulated his wife on the price she negotiated. “Wow, you really did a good job,” he exclaimed. The price was $400 million above the next-best offer and far above what anyone thought the team, a perennial loser that was on the rise, would fetch.
Rowan Kavner from Clippers.com reported on the session with the media prior to the game. Adam Silver discussed why the NBA chose to schedule a preseason game in Shenzhen, China. “the reason the league chose to go to the city was because it had some of the most passionate basketball fans in China, as well as several business partners and innovative technology companies” Clippers owner Steve Ballmer seemed to agree with the commissioner.
Steve Ballmer is the richest sports team owner in the U.S. with a net worth of $21.6 billion. Forbes announced Tuesday the Los Angeles Clippers owner and former Microsoft CEO earned that distinction for the second straight year. He’s 21st overall on the Forbes ranking of the 400 richest Americans.
According to a story from TMZ, Zucker allegedly had been offering strong opinions on things ranging from playing time to player development. “That’s just ridiculous,” Rivers said Thursday. “The first thing is Gillian and I have no issues. It’s the basketball side and it’s the business side,” he said. “…We do have to do business together and that’s gone well.”
Rivers said the two have had disagreements on things such as sponsorships, but it never escalated to anything significant. Still, both Zucker and owner Steve Ballmer have no experience running an NBA franchise. “There’s a learning curve here,” Rivers said. “I’m comfortable with that.”