March 24 (UPI) -- Los Angeles Clippers owner Steve Ballmer reached an agreement with The Madison Square Garden Company to purchase the Forum in Inglewood, Calif., for $400 million in cash, the franchise announced Tuesday.
"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."