![]() ![]() ![]() MSG, which also owns the New York Knicks, was embroiled in a legal battle with the city of Inglewood and Ballmer over building the new arena in close proximity to the Forum. "We are committed to our investment in the City of Inglewood, which will be good for the community, the Clippers, and our fans." "This is an unprecedented time, but we believe in our collective future," Ballmer said in a news release. The resolution of outstanding litigation was a condition of the sale, league sources said. This clears existing litigation that was standing in the way of Ballmer building a new state-of-the-art, 18,000-seat home for his team, according to the Clippers. The Clippers announced that the newly formed CAPSS LLC reached the agreement with The Madison Square Garden Company, which owned the Forum, to purchase the music venue for $400 million in cash. ![]() LOS ANGELES - Clippers owner Steve Ballmer has reached an agreement to purchase the Forum in Inglewood, California, clearing the biggest obstacle in the franchise's way of building a new arena in the area. NBA, LA Clippers, Los Angeles Lakers, New York Knicks You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browserĬlippers' Steve Ballmer reaches deal to buy Forum for $400M in cash ![]()
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