CAPSS LLC has reached an agreement with the Madison Square Garden Company to purchase The Forum for $400M
CAPSS LLC, a new company formed by L.A. Clippers chairman, has reached an agreement with the Madison Square Garden Company to purchase The Forum arena in Inglewood, California, for $400 million in cash, it was announced Tuesday .
Tuesday's deal, which remains subject to review by the Federal Trade Commission and the Department of Justice, is expected to close during in the second quarter of this year. As part of the agreement, all current Forum employees will receive employment offers from the new owner.
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