Clippers buy The Forum in Inglewood from MSG for $400 million

Tanya Simon
March 25, 2020

The Forum deal also settles MSG's long-running lawsuit that aimed to block the Clippers planned $1 billion arena to be built on Century Boulevard between Prairie Avenue and Yukon Avenue, just blocks from the Forum.

"This is an unprecedented time, but we believe in our collective future", Ballmer said in a statement.

The Los Angeles Clippers will soon have their own arena following Steve Ballmer's $400 million acquisition of the Forum in Inglewood, California from the Madison Square Garden Company on Tuesday.

MSG Entertainment controls live events at Madison Square Garden, which includes The Theater at Madison Square Garden and the Garden itself.

MSG purchased The Forum for $23.5 million in 2012.

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The Clippers, meanwhile, have always been trying to step out of the shadows of its crosstown rivals Los Angeles Lakers ever since Ballmer purchased the team in 2014.

League sources told the Los Angeles Times and ESPN that the agreement will resolve existing litigation brought by MSG surrounding plans for the Clippers' new National Basketball Association arena, clearing the way for a new state-of-the-art, 18,000-seat home for Ballmer's team. 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 team also said that owning both the Forum and a new arena will help coordinate and alleviate traffic congestion.

It will allow the Clippers to play in their own building, rather than sharing with the Los Angeles Lakers at the Staples Center.

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

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