INGLEWOOD, Calif. (AP) — Los Angeles Clippers owner Steve Ballmer on Monday completed his purchase of The Forum from Madison Square Garden Entertainment Corp. for $400 million.
Newly created Forum Entertainment LLC will continue operating the building that opened in 1967 as a concert venue. The current management team will remain in place and report to Gillian Zucker, president of business operations for the Clippers.
All of The Forum's California-based staff are expected to stay on as employees of the new company and help with the transition.
"The talented team at The Forum has created a world-class live entertainment venue, and we are committed to building upon that reputation," Zucker said in a statement.