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Forum Sale to Clippers Owner Shifts Live Entertainment's Billionaire Alliances

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www.billboard.com

Music fans wont see any major change in show count following purchase by Steve Ballmer. Clippers owner Steve Ballmer is finalizing a plan to purchase the Forum in Los Angeles from Madison Square Garden in a deal that would pave the way for Ballmer to build a new 18,000-seat basketball arena for the NBA team, Billboard has confirmed.

First reported by ESPN, the sale would see billionaire MSG chairman James Dolan likely exit the LA market while making the Clippers owner and former Microsoft chief executive — whose net worth is estimated to be $35 billion — a major player in LA’s constantly shifting live music business as the owner of both the forum and a new 18,000-seat arena for the Clippers.

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