Ballmer, who was chief executive of Microsoft for 14 years, was chosen over competitors that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers.

http://www.latimes.com/sports/la-sp-sn-clippers-sale-ballmer-20140529-story.html

Your sig is to funny. *Clears throat* Oh yes Steve Ballmer buying the Clippers is interesting news indeed.

Thats what I noticed first too......

Ahem, but yes, the clippers

Wow best thing this guy ever did, 2 billion!

Funny how the Bucks were bought for only 500mill. I wish that the NBA would have let Ballmer buy the Kings so that there would be a Seattle franchise. But otherwise they really Overpaid the Clips are not worth 2 billion.

Uh oh.

Considering that Balmer was looking to buy a team to move to Seattle.

The NBA owners would have to approve first but it isn't impossible.

Because why wouldn't he?

Simple supply & demand.  There were a ton of interest from various parties to buy the Clippers.  So if you really want the team, you have no choice but to bid well above market value.  

I believe him when he says he won't move the Clippers. Being in LA brings the bulk of that team's value: even being the lesser LA team (in terms of following) still brings in more than being the Sacramento team.