Steve Ballmer Completes $400M Purchase Of The Forum From MSG
CAPSS LLC has completed the purchase of The Forum in Inglewood from Madison Square Garden Entertainment Corp. Newly-created Forum Entertainment LLC will operate The Forum as a premier, live event venue with the existing leadership team of Geni Lincoln and Mike Fallon remaining in place, reporting to Gillian Zucker, Clippers President of Business Operations.
“We are excited to welcome The Forum to our family. The talented team at The Forum has created a world-class live entertainment venue, and we are committed to building upon that reputation,\" said Zucker. “Having The Forum just a short distance from the L.A. Clippers’ new arena will give us the opportunity to provide the City of Inglewood with a number of benefits, including a collaborative approach to managing traffic and community activities.”
It is expected that all of the venue’s California-based staff will remain as employees of Forum Entertainment LLC, and assist in making the transition seamless for artists, partners and fans.
The Clippers’ plans for a new, privately financed, fan-focused NBA arena in Inglewood near The Forum continue to move forward, with public hearings slated to begin this summer.
