Steve Ballmer Rumors
Ballmer was referring to the $400 million in cash he paid Madison Square Garden Company, the previous owner of the Forum. The Lakers played there from 1967-1999, and the building mainly hosts concerts today. Ballmer needed to resolve legal issues with MSG, who complained Ballmer’s new arena would damage the Forum’s income. MSG purchased the Forum for $23.5 million in 2012 and cashed out in 2020, thanks to Ballmer.
Shane Young: When speaking after today’s event, Jerry West was asked about Steve Ballmer’s passion for the Clippers and the community: “His enthusiasm is real. There’s not one fake thing in him. There’s not. I admire him a lot.”
Shane Young: Jerry West on Steve Ballmer: “He’s just a unique man. It’s been fun to be involved with him. It’s been fun to see the progress this franchise has made. More importantly, this is the ultimate gift to his team and the city of Inglewood.”
Ramona Shelburne: For those who like fun real estate details. The Sterlings still own the Clippers current practice facility in Playa Vista. Ballmer said he has an option to buy it in 2024, but he’s not sure yet what he’ll do because their new complex in Inglewood is scheduled to open same year.
Mirjam Swanson: Steve Ballmer says that of the $100 million community fund that’s part of the Clippers’ arena project, $80 million will go to affordable housing, with “a good $75 million going to a nonprofit loan fund that will help buy and preserve and develop affordable housing in the area.”
Mark Medina: I asked Clippers owner Steve Ballmer for his outlook on team winning an NBA title before leaving Staples Center in 2024: “I want to win a championship. I think we’ll be able to compete for a championship.”