Steve Ballmer Could Get $1B in Tax Benefits from Clippers Purchase
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ABC News(NEW YORK) — Steve Ballmer could cash in big on the Los Angeles Clippers.
The billionaire and former CEO of Microsoft is set to gain $1 billion in tax benefits following his purchase of the basketball team earlier this year, The Financial Times reported.
Ballmer bought the franchise from embattled former owner Donald Sterling, via the Sterling Family Trust, for a record $2 billion price tag.
In addition to various benefits of the purchase, Ballmer also stands to gain from the NBA’s latest TV deal with Walt Disney and Time Warner.
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