Madison Square Garden Company to sell LA Forum
MSG will offload the Forum in Inglewood, California, to Los Angeles Clippers owner Steve Ballmer for $400m in an all-cash deal
News By IQ | 25 March 2020
The Madison Square Garden Company (MSG) has reached a deal to sell the Forum, the 18,000-capacity arena in Inglewood, Los Angeles, to Steve Ballmer, the billionaire owner of basketball team the LA Clippers, for US$400 million in cash.
MSG – which also operates the famous Madison Square Garden in New York, and is developing cutting-edge ‘Sphere’ arenas in Las Vegas and London – has long been opposed to Ballmer’s plans to build a new arena for the Clippers in the…
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