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Report: Clippers owner to buy Forum in $400 million deal

Steve Ballmer is set to buy the arena in Inglewood from MSG with the plan of constructing a new arena.

LA Clippers owner Steve Ballmer reacts after the game against the Los Angeles Lakers at Staples Center. The Clippers defeated the Lakers 112-102. Kirby Lee-USA TODAY Sports

Los Angeles Clippers owner Steve Ballmer and MSG have reached an agreement on the purchase of the Forum, the Los Angeles Times reported late Tuesday.

With Ballmer’s purchase of The Forum, which is located in Inglewood, California, clears the way for the Clippers to move out of Staples Center and into a brand new arena. Ballmer will buy the arena from Madison Square Garden Co., whose executive chairman is New York Knicks owner James Dolan.