Former Microsoft CEO agrees to buy LA Clippers

Former Microsoft Corp. CEO Steve Ballmer has purchased the NBA's Los Angeles Clippers franchise for $2 billion, a record for a professional basketball team, sole trustee Shelly Sterling announced on Friday.

According to Fox Business, the agreement requires approval by the NBA's Board of Governors.

"I will be honored to have my name submitted to the NBA Board of Governors for approval as the next owner of the Los Angeles Clippers.  I love basketball," Ballmer said in a statement. "And I intend to do everything in my power to ensure that the Clippers continue to win – and win big – in Los Angeles."

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