Former Microsoft CEO Steve Ballmer has agreed to purchase the Los Angeles Clippers from the Sterling family trust for $2 billion, ESPN reported Friday.
Shelly Sterling, sole trustee of the Sterling family trust, inked the sale agreement with Ballmer on Thursday, according to the report.
“We have worked for 33 years to build the Clippers into a premiere NBA franchise. I am confident that Steve will take the team to new levels of success,“ Sterling said.
“I love basketball. And I intend to do everything in my power to ensure that the Clippers continue to win — and win big — in Los Angeles,“ added Ballmer.
Details of the agreement will be submitted to the NBA board of governors and Ballmer will need three-fourths of the league’s owners to pull off the sale, ESPN reports.