- Former Microsoft CEO Steve Ballmer officially became the new owner of the Los Angeles Clippers Tuesday, the National Basketball Association announced.
It said the transaction, worth an estimated $2 billion, closed after a California court order went into effect confirming that Shelly Sterling had the authority to sell the team.
In a statement, Ballmer said he was "humbled and honored to be the new owner of the Los Angels Clippers."
The team went on the block after the NBA slapped a life ban on its owner, Donald Sterling, who bought the club in 1981 for $12.5 million.
The action was in response to a video aired on celebrity website TMZ that showed Sterling criticizing his girlfriend for having her picture taken with black people.