AP Source: Shelly Sterling reviewing multiple bids up to $2B for Los Angeles Clippers
LOS ANGELES, Calif. – An individual with knowledge of negotiations to sell the Los Angeles Clippers says attorneys and bankers are reviewing multiple bids and have not yet selected a winning bidder.
The individual, who was not authorized to speak publicly, told The Associated Press on Thursday that “there has been no decision…they are still negotiating bids, plural.”
The person spoke amid media reports a buyer had been selected.
Shelly Sterling is negotiating the sale after her husband, Donald Sterling, made racist remarks that were made public. She was looking at three serious bids earlier Thursday ranging from $1 billion to $2 billion by former Microsoft CEO Steve Ballmer, Guggenheim Partners and a group including former NBA All-Star Grant Hill.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.