WHAM13 - Search Results
Multiple bids in play for Clippers
Los Angeles (AP) -- 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.