Tag: the Forum

Hot Spot for Naming Rights Possibilities

NEXT BRAND UP: Legends is looking for a sponsor to replace Banc of California’s name on LAFC’s stadium. (Getty Images) In LA, marketers are shopping deals for LAFC’s home, Forum and Clippers’ planned arena The naming rights market is busy in Los Angeles, where three venues are searching for deals.  MLS franchise LAFC is looking for a new naming rights partner after Banc of California announced in May that it was terminating its stadium agreement two years into its deal. The bank remains LAFC’s official banking partner. Legends, which brokered Banc of California’s 15-year, $100 million deal, is filling the role again on behalf of LAFC.  Across town, CAA Sports is consulting for the NBA’s Los Angeles Clippers to sell naming rights for their prospective arena and the Forum, which Clippers owner Steve Ballmer acquired earlier this year from The Madison Square Garden Co. Come 2024, the year the Clippers […]

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Ballmer Has Deal to Buy Forum for $400M in Cash

The Forum has been strictly a music venue since 2014 after a $100M renovation by The Madison Square Garden Co. (Courtesy the Forum) Acquisition would clear way for Clippers’ arena The NBA’s Los Angeles Clippers have reached an agreement to buy the Forum from The Madison Square Garden Co. for $400 million, paving the way for team owner Steve Ballmer to move forward with plans to develop a new arena near the venerable Inglewood venue, it was announced Tuesday. The purchase involves a newly formed entity, CAPSS LLC, and was driven by Ballmer, the Clippers chairman, and Clippers Vice Chairman Dennis Wong, the team announced. “By reaching an agreement with MSG, CAPSS LLC will acquire the Inglewood venue, simultaneously resolving litigation surrounding plans for the new NBA arena,” according to a statement from the Clippers. “As part of the agreement, all of MSG’s current Forum employees will be extended employment […]

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Cashing In in Cali

GREEN SPACE: The large plaza at Irvine’s FivePoint Amphitheatre is mostly grass and offers a summer picnic vibe. (Courtesy Nederlander Concerts) Golden State venues make the most out of their popular locale   THE CIRCUIT What went right at some of the state’s top-performing venues last year FivePoint Amphitheatre, Irvine Dylan Greer, general manager How did you do last year? We had a great 2019 season at FivePoint Amphitheatre. It was a busy one with 41 shows, which included artists across all genres. Big shows Korn, Florida Georgia Line, Hootie & the Blowfish, Santana, Zac Brown Band, Chris Young, Morrissey and a Social Distortion 40th anniversary show. This year’s lineup includes The 1975, Brad Paisley, The Avett Brothers, FishFest with Chris Tomlin, Chicago and Rick Springfield, Chris Young, Sugarland, Foreigner, Incubus and 311, Megadeth and Lamb of God, Halsey, Kidz Bop Live, Disturbed, Sammy Hagar & the Circle and Whitesnake, […]

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Ballmer in Talks to Buy Forum From MSG

 The Forum in Inglewood, Calif., is owned by The Madison Square Garden Co., which made it a music-only venue. Move by Clippers’ owner comes amid legal fight over planned arena Steve Ballmer, owner of the NBA’s Los Angeles Clippers, is in negotiations to buy the Forum from The Madison Square Garden Co., according to a source as well as multiple published reports that surfaced Sunday night and which ESPN.com first broke. The news comes amid a legal battle between MSG and both the city of Inglewood and Ballmer dating to 2018 and stemming from Ballmer’s intention to develop a nearby arena estimated to cost $1 billion. The Clippers issued the following statement: “The Clippers continue to pursue plans to build a state-of-the-art, 18,000-seat basketball arena and entertainment complex in Inglewood and are currently working with the city to successfully complete the comprehensive Environmental Impact Report. We are examining every possible way […]

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