Citing "a person familiar with Ballmer's interest" in the Clippers, as well as another source with knowledge of the bids Sterling's wife Shelly has received, the US financial magazine reported on its website that Ballmer's offer package "is strong."
Shelly Sterling was passed control of the team last week by her husband, who has been banned from the NBA over racist remarks that became public in April.
The club was recently valued by Forbes at nearly USD 600 million, but there has been speculation that it could fetch over USD 1 billion thanks to its location in a large and potentially lucrative US market and upcoming negotiations regarding money-spinning television rights.
Multiple US media outlets had reported that Shelly Sterling was accepting bids for the club, even as Donald Sterling vowed to fight the league's effort to force him out.
Yesterday, the NBA said league officials were reviewing the responses from both Sterlings and remained on course for next Tuesday's hearing, which could seal their fate.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
