Tuesday, May 27, 2014
Shelly Sterling: I'm Accepting Offers This Week To Sell The Clippers
Shelly Sterling will accept offers this week to sell the Los Angeles Clippers ... and a frontrunner is a group led by former Microsoft CEO Steve Ballmer.
Shelly met with Ballmer Sunday at her Malibu home, and our sources say his group made "a very competitive offer."
Sources say, Shelly and her lawyer Pierce O'Donnell have put the word out ... they'd like to make a deal THIS WEEK. We're also told NBA Commissioner Adam Silver is aware of what she's doing. O'Donnell would not comment but we're told Shelly and Silver have an open line of communication.
There are several other potential buyers in which Shelly is interested, including:
-- Grant Hill Group (Hill is a former NBA star who teamed up with investment partners)
-- Magic Johnson and the Guggenheim Partners (a financial company based in Chicago)
-- Patrick Soon-Shiong (surgeon turned multi-billionaire businessman)
-- David Geffen and Larry Ellison
Sources say Oprah Winfrey is no longer in the running.
Last week Donald Sterling has turned full control of the team over to Shelly and she is privately negotiating with Silver to allow her to sell the team on her terms. The team could be worth upwards of $1.5 billion.
Posted by
Beverly News
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