1. venturecapital

Steve Ballmer pays $400M to buy the Forum for Clippers, closing door on possible move to Seattle

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Los Angeles Clippers chairman Steve Ballmer is paying $400 million in cash to buy the Forum arena from the Madison Square Garden Company, the LA Times reported Tuesday.
Ballmer formed a new company with Clippers vice chairman Dennis Wong called CAPSS LLC to make the purchase, which ends a long legal battle with MSG.
There are no plans to tear down the Forum, the LA Times reported.
That should end – once and for all – the speculation that Ballmer would move the Clippers to Seattle.
He and his wife Connie recently donated $3 million for a COVID-19 Response Fund in Seattle, and also gave $1 million to LA organizations.

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