Sterling family trust agrees to sell Los Angeles Clippers - KTRE.com | Lufkin and Nacogdoches, Texas

Sterling family trust agrees to sell Los Angeles Clippers

LOS ANGELES, CA (KTRE) -

The Los Angeles Times is reporting that former Microsoft chief executive Steve Ballmer has submitted a winning bid of $2 billion to buy the Los Angeles Clippers.

Former bids for the NBA team included on by David Geffen with $1.6 billion, and L.A. investors Tony Ressler and Steve Karsh for $1.2 billion.

ESPN reports that the agreement will go straight to the NBA for final approval and that it will not require any additional approval from Donald Sterling.

If the bid is accepted, it would be the second-most ever big for a North America professional sports franchise, as the Los Angeles Dodgers were sold for $2.1 billion in 2012. However, it would be the most paid for an NBA team.

The 58-year-old stepped down from his position with Microsoft this year, and is reportedly worth $20 billion.

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