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Clippers sold for record $2 billion

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Former Microsoft Corp CEO Steve Ballmer has purchased the NBA’s Los Angeles Clippers franchise for $2 billion, a record for a professional basketball team, sole trustee Shelly Sterling announced on Friday.

In a news release from Greenberg Glusker, Sterling’s counsel, she said she had signed a binding contract to sell the team to Ballmer on behalf of the The Sterling Family Trust, which owns the club.

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