Los Angeles Clippers: Steve Ballmer purchases The Forum from MSG

Los Angeles Clippers owner Steve Ballmer has reached an agreement with MSG to buy The Forum for $400 million in cash, the team announced Tuesday.

The news was first reported by the Los Angeles Times’ Andrew Greif.

The deal completes a major hurdle in the Clippers’ effort to construct a new arena in Ingelwood, Calif., something Ballmer has pushed for since he purchased the team for $2 billion in 2014.

“This is an unprecedented time, but we believe in our collective future,” Ballmer said in a statement. “We are committed to our investment in the City of Inglewood, which will be good for the community, the Clippers, and our fans.”

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