new arena to invest in: the NBA.After a racist tirade by Donald Sterling leaked on TMZ, the Clippers owner was subsequentlybanned from the National Basketball Association for life and fined $2.5 million.
If a board of governors votes that he must now sell the team,then Oprah, film executive David Geffen and software entrepreneur Billionaire Larry Ellison will join together to make a bid, reports ESPN .
A spokeswoman for Oprah confirmed the report in a statement to ESPN.
Oprah’s interests are more moralistic than anything, Geffen told the outlet in an interview.
“She thinks it would be a great thing for an important black American to own [another]
franchise.” Michael jordan is the only black who own an NBA team.
Though Oprah’s may be the most illustrious name currently floating around, other interested parties are rumored to include Floyd Mayweather Jr., Sean Combs, real estate tycoon Rick Caruso, Magic Johnson, Guggenheim Partners’ Mark Walter and many others.
Sterling purchased the Clippers for $12.5 million in 1981, though now the team could be worth hundreds of millions of dollars.
source: The Huffington Post
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