• Loading stock data...
Tuesday, January 28, 2025

Intuit Secures Clippers Arena Naming Rights for $500M

Intuit Dome/Design: Alex Brooks

The Los Angeles Clippers are slated to open a new $1.2 billion Inglewood arena in 2024 — and the building now has a name.

Called the Intuit Dome, TurboTax’s parent secured naming rights to the venue in a 23-year deal worth more than $500 million.

Steve Ballmer, who purchased the Clippers for $2 billion in 2014, says the team is establishing its own identity by moving from its current shared space with the Los Angeles Lakers and Los Angeles Kings at Staples Center.

  • With 18,000 seats, the arena will feature a double-sided Halo video board.
  • The team believes Intuit Dome will generate around $260 million in annual economic activity in the area, adding over 7,000 full-time and part-time jobs.
  • Additionally, the Clippers committed $100 million for a community benefits package for after-school programs, senior services, libraries, and housing.

Ballmer paid $66.2 million for the land and an additional $400 million to purchase The Forum from MSG last year — reportedly freeing Ballmer from legal battles with the company. MSG had purchased The Forum for $23.5 million in 2012.

The groundbreaking for Intuit Dome is Friday. The Clippers are currently valued at $2.75 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

It’s Starting to Pay to Be Good at Cornhole

American Cornhole League players made $7.7 million in 2024.
PWHL arena

PWHL’s Sophomore Year Booms in Canada, Has Room to Grow in U.S.

Attendance is up 30% from last year, the league says.

Once Abandoned, Portland Is Regaining Its Place in the WNBA

The next WNBA team is springing up in a once-deserted market.
October 17, 2011; East Rutherford, NJ, USA; New York Jets fan fireman Ed during the first half against the Miami Dolphins at the New Meadowlands Stadium.

Superfandom Is a Lifestyle, Business—and Thorn in Some Teams’ Sides

Rabid fandom has perks—sometimes to the frustration of teams and leagues.

Featured Today

Jeremiah Smith

Ohio State’s Title Isn’t As Simple As $20 Million in NIL

Three lessons from the Buckeyes’ title beyond “pay the best players.”
January 22, 2025

Can Upstart Sports Leagues Beat the Grim Start-Up Odds?

Investors think they can buck the massive failure rate of new enterprises.
January 21, 2025

Amateurism Dilemma on Full Display at the College Football Playoff

The sport has never looked or operated more like a pro league.
January 19, 2025

Unrivaled’s Impeccable Timing Pressures WNBA to Give Players More

The league could “blow the lid off” the business of women’s sports.

Commanders Don’t Yet Control RFK Stadium Site. An Architect Has Grand Plans..

Architect Kyle Murphy seeks a “truly national stadium.”
January 16, 2025

Caitlin Clark Effect Fuels Fever’s New $78M Downtown Training Center

The WNBA club is the latest to develop a new practice facility.
January 27, 2025

Rays Stadium Deal in Trouble: Owner Raises Concerns Over Funding Delays

The MLB club still has concerns about an agreed-to stadium deal.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Sep 8, 2024; Cleveland, Ohio, USA; Cleveland Browns quarterback Deshaun Watson (4) runs the ball while looking for a receiver against the Dallas Cowboys during the first quarter at Huntington Bank Field.
January 15, 2025

Cleveland Countersues Browns As Stadium Dispute Escalates

The Browns want to build a $2.4 billion dome in the suburbs.
Apr 7, 2022; Atlanta, Georgia, USA; A general view of fans outside of Truist Park before the game on Opening Day between the Atlanta Braves and Cincinnati Reds.
January 14, 2025

Philly Rips Page From Rival Playbook With Sports Complex Revamp

Philadelphia’s mayor frequently touts the influential Braves development.
January 13, 2025

76ers Choose to Stay in South Philly, Scarred by Protests and Opposition

The pact also includes Comcast acquiring a stake in the 76ers.
Josh Harris
January 13, 2025

Commanders, Sixers Owner Josh Harris Had a Wild, Historic Sunday

The tri-city team owner crossed two big milestones Sunday.