David Geffen Likely to Bid for Clippers

Tuesday, 29 Apr 2014 08:02 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
Billionaire media executive David Geffen is interested in buying the Los Angeles Clippers basketball team, according to a person with knowledge of Geffen's thinking, following a decision by National Basketball Association commissioner Adam Silver to ban Clipper owner Donald Sterling for life.

Silver said he would urge other NBA team owners to force Sterling to sell the pro franchise.

The NBA on Tuesday banned Sterling from the game for life and fined him $2.5 million for racist comments that drew a storm of outrage from players, fans, commercial sponsors and even President Barack Obama.

Geffen, who started two record labels and the Dreamworks film studio with Jeffrey Katzenberg and director Steven Spielberg, had expressed interest in the past in buying the Clippers but never made an offer.

He has a net worth of an estimated $6.2 billion, according to Forbes magazine.

Sterling, the longest-tenured owner of any of the 30 NBA teams, will be barred from any role in the operations of his team or be able to serve as one of the league's governors, NBA Commissioner Adam Silver said at a news conference in New York.

The controversy began over the weekend when the celebrity website TMZ.com released an audio recording ostensibly of Sterling criticizing a woman friend for associating with "black people."

The recording included Sterling asking his friend not to invite former Los Angeles Laker star player Earvin "Magic" Johnson to games.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obama's Tighter Ozone Standards Seen as Job-Killer

Wednesday, 26 Nov 2014 12:47 PM

The Obama administration on Wednesday proposed stricter curbs on ground-level ozone, a pollutant linked to several serio . . .

WSJ's Jason Riley: Anti-Police Narrative Harms Poor Blacks

Wednesday, 26 Nov 2014 12:45 PM

The real tragedy in Ferguson is that the continued focus by liberal commentators and black leaders on the number of blac . . .

Vets Groups: Hagel Did Best He Could With 'Hand He Was Dealt'

Wednesday, 26 Nov 2014 12:25 PM

The surprise resignation of Secretary of Defense Chuck Hagel left sadness and regret among both veterans' groups and act . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved