What was the purchase price of the Los Angeles Clippers by Steve Ballmer?

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Steve Ballmer Acquired the Los Angeles Clippers for US$2 Billion

Steve Ballmer purchased the Los Angeles Clippers for US$2 billion. This acquisition price significantly surpassed previous NBA franchise sale records, standing more than three times higher than the prior benchmark and US$400 million above the next highest bid. Ballmer, the former Microsoft chairman, is listed by Forbes magazine as the wealthiest owner of a US sports team.
Ballmer's Position Among Wealthiest Americans

As the owner of the Los Angeles Clippers, Steve Ballmer ranks as the 21st wealthiest individual overall on the Forbes list of the 400 Richest Americans, with a net worth of US$21.6 billion. His wealth experienced a US$900 million decrease from the previous year, attributed in part to a 6 per cent decline in Microsoft's stock value.
Context of NBA Franchise Valuations

The valuation of NBA franchises, like the Clippers, has seen substantial growth, partly fueled by new television contracts injecting approximately US$90 billion into the NBA, NFL, NHL, and Major League Baseball. This influx has generally increased the wealth of team owners, with their net worth seeing an average rise of 14 per cent on the Forbes list.
Circumstances of the Clippers Sale

The sale of the Clippers to Ballmer occurred after the team's previous owner, Donald Sterling, was compelled to sell the franchise by the NBA due to racist remarks he made. Ballmer's winning bid stood out prominently in the competitive bidding process.

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What was the purchase price of the Los Angeles Clippers by Steve Ballmer?

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