Former Microsoft CEO Steve Ballmer has agreed to purchase the Forum entertainment complex for $400 million.
With the purchase, Ballmer also clears himself from legal battles with MSG, the company led by fellow National Basketball Association team owner James Dolan. The tension with MSG threatened to prevent Ballmer, who owns the Los Angeles Clippers, from constructing a new arena near the Inglewood venue.
"This is an unprecedented time, but we believe in our collective future," Baller said in a statement. "We are committed to our investment in the City of Inglewood, which will be good for the community, the Clippers, and our fans."According to the Washington PostBallmer's new arena would also relocate the Clippers from the Staples Center, where they've played since 1999. The downtown Los Angeles arena is also home to the Lakers and National Hockey League's Kings..
The Forum was the previous home to the Lakers, where the club played from 1967-1999. The Lakers won five of the clubs' 16 NBA championships in the 1980s while playing at the Forum before moving to the Staples Center in 1999. MSG purchased
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