Clippers Owner Buys The Forum In Los Angeles For $400M

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New owner of the Los Angeles Clippers Steve Ballmer reacts after being introduced for the first time during Los Angeles Clippers Fan Festival at Staples Center on August 18, 2014 in Los Angeles, California
Los Angeles Clippers Steve Ballmer has announced that he's finalized a deal MSG to purchase The Forum in Los Angeles.

After a lengthy battle, the CEO of the Los Angeles Clippers has announced that he's finally bought The Forum in Los Angeles. According to CNBC, Ballmer has come to an agreement with Madison Square Garden Company, through CAPSS LLC., to purchase the complex for a cool $400M cash. This also settles Ballmer's legal spat with MSG, a company led by Knicks owner James Dolan, who attempted to block Ballmer from opening a new arena for the Clippers near The Forum.

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"This is an unprecedented time, but we believe in our collective future,” said Ballmer. “We are committed to our investment in the City of Inglewood, which will be good for the community, the Clippers, and our fans.”

The venue will still act as a live-music venue in the area with the current employees having offers of employment by Ballmer and CAPSS LLC. However, the Clippers will be moving away from their home at the Staples Center that they've shared with the Lakers since 1999. The head developer of the forthcoming Clippers arena, Chris Meany of Wilson Meany, did acknowledge the possible headaches it will cause residents in the area but he said that they'll be putting forth a concerted effort to reduce traffic congestion around basketball games and concerts.

"We know traffic is something that many Inglewood residents worry about. While we have gone to great lengths to provide an unprecedented traffic-management plan for the new basketball arena, this acquisition provides a much greater ability to coordinate and avoid scheduling events at the same time at both venues,” he said.


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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