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At least 3 groups make offers in initial round of bidding on Clippers
At least 3 groups make offers in initial round of bidding on Clippers

An initial round of bidding for the Los Angeles Clippers closed Wednesday with at least three potential buyers making offers and predicting that the winner will pay well over $1 billion, according to three people involved in the sale. Team co-owner Shelly Sterling did not release details of the bids for the team her husband, Donald, bought more than three decades ago for $12.5 million. A group that includes Los Angeles-based investors Tony Ressler and Bruce Karsh, along with former NBA star Grant Hill, offered $1.2 billion for the Clippers, a representative close to the partners said Wednesday. That bid is more than double the highest price ever paid for an NBA team. The Milwaukee...

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