Ballmer to buy Forum, clearing way for new Clippers arena

The Los Angeles Clippers are nearing an arena of their own after team owner Steve Ballmer purchased the Forum for $400 million.

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Sports

March 25, 2020 - 9:53 AM

Los Angeles Clippers owner Steve Balmer before a game against the Portland Trail Blazers at Staples Center in Los Angeles on Tuesday, Jan. 30, 2018. The Blazers won, 104-96. Photo by Wally Skalij/Los Angeles Times/TNS

LOS ANGELES (AP) — Los Angeles Clippers owner Steve Ballmer is buying the Forum for $400 million, ending the billionaire’s legal fight with the Madison Square Garden Company and clearing the way to build a new arena for his NBA team down the street in Inglewood, California.

Ballmer announced his cash purchase of the venerated arena Tuesday. Ballmer, the former Microsoft executive, and Clippers vice chairman Dennis Wong are making the transaction through CAPSS LLC, a newly formed entity that will continue to operate the Forum as a live music venue.

“This is an unprecedented time, but we believe in our collective future,” Ballmer said. 

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