TIME NBA

David Geffen Wants to Buy the Clippers, But They Won’t Come Cheap

Donald Sterling bought the team back in 1981 for $12 million. It is now worth an estimated $575 million.

Film and music mogul David Geffen is interested in buying the Los Angeles Clippers if other NBA owners force a sale, he announced Tuesday.

“If the Clippers become available he would be interested in buying the franchise,” Geffen’s office wrote in an email, the Los Angeles Times reports.

Geffen confirmed his interest when he told Forbes that he “would very much like to buy the team.”

Sterling purchased the Clippers for $12 million 1981, though Forbes estimates the team is now worth $575 million.

Geffen reportedly tried to purchase a major stake in the team in 2010, though he was denied by owner Donald Sterling. Geffen declined to comment to Forbes on the situation surrounding the possible sale.

On Monday NBA Commissioner Adam Silver banned Sterling from the sport for life and fined him $2.5 million dollars for making racist remarks in an audio recording that surfaced Friday. Silver also said he would encourage the other league owners to force Sterling to sell the team.

[Los Angeles Times]

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