Grant Hill Group Said to Bid $1.2 Billion for Clippers

A group including Ares Management Chairman Tony Ressler, Oaktree Capital’s Bruce Karsh and former All-Star player Grant Hill bid $1.2 billion for the Los Angeles Clippers, a person with direct knowledge of the process said.

The person asked not to be identified because the bidding is private. Attorneys for Clippers co-owners Donald and Shelly Sterling didn’t return calls yesterday to their offices.