Multiple Bids Submitted To Purchase Clippers

[jonathanlambert33]

Multiple bids have been submitted for the Los Angeles Clippers and are now being reviewed by Shelly Sterling and her advisers.

Shelly Sterling was previously given authority to sell the franchise by her husband Donald Sterling.

Shelly Sterling has told bidders to submit letters of interest by Wednesday, with firm offers due by 5 p.m. ET on Thursday, according to sources. It is then expected that a second round of bidding will take place this weekend, with a winning bid decided upon by Monday.

One group involved is led by music mogul David Geffen and includes Oracle CEO Larry Ellison and Oprah Winfrey. This group now also includes Guggenheim executives Todd Boehly and Mark Walter, ESPN has learned.

Billionaire and former Microsoft CEO Steve Ballmer is also said to be involved in the bidding.

Scott Soshnick of Bloomberg reports that the Tony Ressler/Grant Hill group submitted a $1.2 billion offer.

Via Ramona Shelburne, Darren Rovell/ESPN

 

[Thomas-Panda-Saxby]

Oprah what.....

 

[Mexi]

Oprah and Guggenheim oh lawd
(Guggenheim owns the dodgers)

 

[Giantmetfan07]

I saw somewhere that a 1.8 B bid was made by Ballmer

 

[footballplaya52]

I thought Donald backed out of letting her handle the sale

 

[Mexi]

2 Trillion dollars
Whoa

 

[Hurricane Season]

 

[elcheato]

We're going to have a team with Blake Griffin's with freakin laser beams attached to their heads.

 

[Hurricane Season]

frickin*