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LA Clippers announce partnership with green-focused sponsor Aspiration

LA Clippers announce partnership with green-focused sponsor Aspiration
Los Angeles Clippers forward Kawhi Leonard and guard Terance Mann celebrate a win against Dallas at Staples Center in Los Angeles, Calif., on June 6. File Photo by Jim Ruymen/UPI | License Photo

Sept. 27 (UPI) -- The NBA's Los Angeles Clippers on Monday announced another partnership that will help offset the cost of their new $1.2 billion arena.

The team said it's partnering with Southern California-based financial services company Aspiration in a deal that's said to be worth about $300 million.

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Aspiration is an environmentally focused company and the deal is expected to increase the team's efforts to mitigate climate change.

Monday's announcement came just a few days after the Clippers announced that their new arena would be called the Intuit Dome, following a naming rights deal reported to be worth about $500 million.

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Aspiration operates with an environmental focus and pledges not to put any money into the fossil fuel industry. One of its investors is actor and climate activist Leonardo DiCaprio.

The Clippers have said their plan is to make the new 18,000-seat arena 100% carbon-free and fully electric. The team broke ground on the venue earlier this month in Inglewood. It is expected to open in time for the 2024-25 season.

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"Aspiration and the Clippers are setting a new standard for social responsibility in sports by building the first climate-positive arena and committing to programs that will make a difference in the fight against climate change," the team said in a statement.

"[We] are also introducing the first 'Planet Protection Fund,' which will provide fans with the opportunity to offset their own carbon impact whenever they purchase a ticket."

Since 1999, the Clippers have shared Staples Center in downtown Los Angeles with the rival crosstown Lakers.

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