Photos: Potential buyers of Los Angeles Clippers

Oaktree Capital Management founder partner Bruce Karsh, left, in conjuction with Tony Ressler of Ares Management and former basketball player Grant Hill have made a bid of $1.2 billion for the Clippers, according to a source close to the partners.  (Carlos Chavez / Los Angeles Times)

Grant Hill, who finished his basketball playing career with the Clippers, is a part of a group including Ares Management founder Tony Ressler and Oaktree Capital Management co-founder Bruce Karsh who have placed a bid of $1.2 billion for ownership of the L.A. team.  (Gina Ferazzi / Los Angeles Times)

Principals from Guggenheim Partners including co-founder Mark Walter, center, are teaming up with Oracle co-founder Larry Ellison, entertainment mogul David Geffen and mega-entrepreneur Oprah Winfrey to make a bid for ownership of the Clippers.  (Francine Orr/ Los Angeles Times)

Oracle CEO Larry Ellison, center, is said to belong to a group bidding for ownership of the Clippers which includes principals of Gugenheim Partners, entertainment magnate David Geffen and Oprah Winfrey.   (Ezra Shaw / Getty Images)

Media magnate Orpah Winfrey could be among a group bidding on the Clippers that includes principals from Guggenheim Partners, entertainment mogul David Geffen and former Oracle co-founder Larry Ellison.  (Evan Vucci / Associated Press)

Entertainment magnate David Geffen is likely to be aligned with a group including principals from the Guggenheim Partners, former Oracle co-founder Larry Ellison and media mogul Oprah Winfrey bidding on the Clippers.   (Paul A. Hebert / Getty Images)

Former Microsoft CEO Steve Ballmer, who joined a group last year to bid on the Sacramento Kings with the intent to move the team to Seattle, is among the groups bidding on the Clippers.  (Michael Kappeler / EPA)