Former Microsoft Corp. Chief Executive Officer Steve Ballmer agreed to buy the Los Angeles Clippers for a record $2 billion as the wife of Donald Sterling pushed through the sale without gaining the approval of the embattled owner.
Grant Hill and Ares Capital Management Chairman Tony Ressler spent Monday afternoon at the Malibu, California, home of Shelly Sterling, who had something lots of rich folks wanted: the Los Angeles Clippers.
A group including Ares Management Chairman Tony Ressler, Oaktree Capital’s Bruce Karsh and former All-Star player Grant Hill bid $1.2 billion for the Los Angeles Clippers, a person with direct knowledge of the process said.
Fans of the San Jose Earthquakes beginning May 25 can pay for tickets, merchandise and concessions with Bitcoin, making the Major League Soccer team the first professional sports franchise to accept the virtual currency inside its stadium.
The deadline for the Sacramento Kings to apply to move to Anaheim, California, was extended to May 2 as the National Basketball Association gathers more facts about both locations, NBA Commissioner David Stern said.
A Seattle-based group led by Valiant Capital founder Chris Hansen raised its bid for the Sacramento Kings by $75 million to $625 million, five days before National Basketball Association team owners vote on whether to approve relocation.