fbpx
65.3 F
Los Angeles

Clippers’ Ballmer in intense negotiations to buy The Forum

Date:

Share:

Subscribe to our Insider

LOS ANGELES – The path to a new home for the Los Angeles Clippers is beginning to gain traction, as owner Steve Ballmer is negotiating with the Madison Square Garden Company to purchase The Forum, the one-time home of the Los Angeles Lakers.

If the sides do manage to make a deal, this will make the Clippers’ goal of building their own arena in Inglewood a lot easier.

In a statement that the Clippers gave to ESPN, the team stated that The Forum would not be the team’s new home.

“The Clippers continue to pursue plans to build a state-of-the-art, 18,000-seat basketball arena and entertainment complex in Inglewood and are currently working with the city to successfully complete the comprehensive Environmental Impact Report. We are examining every possible way to resolve our differences with Madison Square Garden Co. regarding our new arena.”

MSG, Ballmer, and the city of Inglewood have been in a longstanding legal standoff over Ballmer’s parcel of land, which sits a mile from The Forum. MSG alleges that the city has violated its agreement with them to not promote competition to The Forum by convincing them to sede land for a technology park, which was then sold to Ballmer in what MSG says was a back-room deal. Murphy’s Bowl LLC, the entity owned by Ballmer to advance the Clippers project, intervened in the proceedings to represent the Clippers’ interests in their arena project.

In January, MSG filed a second lawsuit – but against California governor Gavin Newsom and California’s Joint Legislative Budget Committee – over legislation that accelerates the approval of development projects. At the time of the lawsuit, Chris Meany, the lead developer of the Clippers, accused MSG of trying to slow down development of the new arena.

“Today’s filing of yet another meritless lawsuit by the Madison Square Garden Co. is the latest desperate attempt in an all-out legal onslaught to slow the development of the proposed Clippers arena in Inglewood,” Meany said in a statement.

Currently, there are three active lawsuits, including two from community groups: one of them being IRATE (Inglewood Residents Against Takings and Evictions) – who are partially bankrolled by MSG. The recurring amount of lawsuits, which have cost both sides tens of millions in litigation, convinced both sides to negotiate. The negotiations have led to the discussion of selling The Forum, which would be the path of least resistance for all parties involved.

The Forum will continue to operate until a new arena is constructed, and potentially beyond then. The Clippers are currently in the last years of a 10-year extension they signed with the Staples Center, which will expire in June 2024. They have been co-tenants of the Staples Center, which is owned by Anschutz Entertainment Group (AEG) since 1999, but receive a smaller share of proceeds from suites and club seats than the Lakers and the NHL’s Los Angeles Kings and a lesser say in scheduling.

Chris Bullock
Chris Bullock
Before joining The Ball Out, Chris Bullock was part of SB Nation's Swish Appeal for nearly three years, covering everything women's basketball. Chris has had the honor of doing live coverage of the WNBA Finals, the NCAA Tournament, and also was given his own column, "The Triple Double". A self-described "foodaholic", Chris lives in the San Diego area with his wife and two daughters, and also hosts his own podcast, "Conscious Cravings", where he speaks about his experience as a mental health advocate.

Subscribe to our Insider

━ more like this

Impact of Harvey Weinstein’s Overturned Conviction: What’s Next?

The New York State Court of Appeals overturned the 2020 rape conviction of Harvey Weinstein, signaling a significant turn in events for the former Hollywood...

Ryan Garcia Knocks Down Devin Haney 3 Times, Wins By Majority Decision

In a stunning turn of events at the Barclays Center, Ryan Garcia upsets Devin Haney by majority decision, as Garcia knocked down Devin Haney...

How the Nuggets Beat the Lakers: A Game 1 Review

In Game 1 of Western Conference first-round playoff series, the Denver Nuggets defeated the Los Angeles Lakers, 114-103, setting the stage for an electrifying...

Exploring the Incident: Man Sets Himself on Fire at Trump Trial Courthouse

A young man set himself on fire outside courthouse hosting the Trump civil trial in New York, capturing wide attention amid the high-profile proceedings...

Indiana Fever Select Caitlin Clark: Comprehensive Breakdown of WNBA Draft

The Indiana Fever's selection of Caitlin Clark as the No. 1 overall pick in the 2024 WNBA Draft heralds a new era for women's basketball, reflecting strategic team...