NBA

Los Angeles richest man to bid for LA Clippers

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The Los Angeles Clippers may be in a state of flux ever since the Donald Sterling racism saga, but mercifully it looks like it could be coming to a close. And if reports are true, the side could be in a better spot than where they came from if Patrick Soon-Shiong - Los Angeles richest man - buys the franchise.

Those are the reports coming out of ESPN's business reporter Darren Rovell, who has said the 62-year old worth $9.8 billion has officially thrown his hat in the ring.

Soon-Shiong is not a famous name like Oprah, Magic Johnson or any of the other celebrities who have been mentioned as possible new owners of the Clippers, but he’s certainly got the capital to make a serious run at purchasing the side.

There's apparently six interested parties who are set to make bids for the team and just because the surgeon-turned-entrepreneur has the most money does not necessarily mean he will offer Shelly Sterling the biggest deal. 

Rumoured competitors for the team are former NBA stars Kenny Hill, Magic Johnson and Yao Ming, former Microsoft C.E.O. Steve Ballmet and Los Angeles developer Rick Caruso.

Soon-Shiong is however a Lakers fan and already a minority shareholder in the Clippers cross-town rivals. One assumes that he would have to give up that stake in the team if he wants to become the head of the other team in LA.

Bidding will be fierce and it will be interesting to see who comes out on top.

Topics:
LA Clippers
NBA

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