The NBA announced the sale of the Los Angeles Clippers to Steve Ballmer on Friday, and the new owner and former Microsoft CEO was adamant in his commitment to the city of L.A. and keeping the team as an elite organization.
There have been rumors that Ballmer could look to move the Clippers to Seattle.
Ballmer beat out one team led by entertainment mogul David Geffen (offer: $1.6 billion) and another led by investment manager Tony Ressler (offer: $1.2 billion.) in order to acquire the Clippers.
"I've got big dreams for the team," Ballmer said. "I'd love to win a championship. I'd love the Clippers to be the most dynamic, vibrant team and name in professional sports. But I got a lot to learn.
"The only way any of this makes sense — my desire to spend time in Los Angeles, this team, its aspirations, this community, this purchase price, any of that — is to really kind of live out the dream and make this kind of America's team, the Los Angeles Clippers."
Ballmer also met with interim CEO Dick Parsons on Friday.