Clippers make official purchase of Forum, clearing way for new arena

Ross Houston
March 25, 2020

Formerly branded as the Great Western Forum - after being dubbed "the Fabulous Forum" by legendary Lakers announcer Chick Hearn - the building underwent a $50 million restoration after the Madison Square Garden Company bought it in 2012. The former Microsoft CEO has agreed to pay $400 million to purchase the Forum in Inglewood from MSG.

The deal to acquire the Forum, the Clippers said, is expected to close by the end of June while "simultaneously resolving litigation surrounding plans for the new National Basketball Association arena". The two arenas would be separated only by the lavish SoFi Stadium complex being built by Los Angeles Rams owner Stan Kroenke.

Ballmer formed a new company with Clippers vice chairman Dennis Wong called CAPSS LLC to make the purchase, which ends a long legal battle with MSG.

The deal clears a major obstacle in the Clippers' mission to construct a new arena in Inglewood, which Ballmer has pushed for since purchasing the franchise for $2 billion in 2014. The Clippers now share the downtown arena with the Los Angeles Lakers and the NHL's Los Angeles Kings. The addition of the Clippers' new project would put four significant arenas - SoFi Stadium contains a 6,000-seat performance venue in addition to the main football stadium - within one mile of each other on Prairie Avenue.

The Clippers now play at Staples Center, in downtown Los Angeles, along with the Lakers and the NHL's Los Angeles Kings.

Perhaps the sale of The Forum will kickstart the Knicks' plans to pay MSG staff during the NBA's coronavirus shutdown.

The Lakers, who continue to dominate Los Angeles from a popularity standpoint, won six of their 16 championships at the Forum before the move to Staples.

Other reports by iNewsToday