Seattle Basketball Fans Lose as L.A. Gets Ballmer’s $2 Billion
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One group not cheering Steve Ballmer’s record $2 billion purchase of the Los Angeles Clippers: basketball fans back in Seattle.
Ballmer, the former chief executive officer of Redmond, Washington-based Microsoft Corp., was part of a group that had been trying to return a National Basketball Association team to Seattle. The partners reached an agreement to buy the Sacramento Kings last year, only to have the NBA reject a relocation of the team.