Ballmer's Clippers announced they will play in a new arena starting in 2024.
Dome. The 18,000-seat complex will be vital in helping the Clippers capture underserved sports fans in Los Angeles. Ballmer labels them the "grinders" of the city, a term used to describe working-class sports fans.
The Clippers owner also paid the town of Inglewood $66.2 million for the land where Intuit Dome will sit. The Clippers will get some of that back, though. Intuit, the software company that makes Turbo Tax, will pay the team"This stadium is about being optimistic about our team," Ballmer said. When discussing his time at Microsoft, Ballmer noted the long-term bets made, which positioned the company for its current $2.2 trillion market cap.
"They came in with a premium approach," he added. "They came in thinking of new ways to do things. That's what we're doing here. This is a premium building, and our fans aren't going to suffer for that."Throughout sports, teams are bracing for a new way to leverage their product, especially after pandemic losses. Premium experiences never hurt, and the Intuit Dome will offer a one-of-a-kind experience in the NBA.
"I'm optimistic about our team," added Ballmer. "I'm optimistic about our team success, and that optimism is a force multiplier. In many ways, the reason we did this is consistent with that optimism as a force multiplier approach." Team president Gillian Zucker runs the business unit. Ballmer made one coaching change on the basketball side when the team parted with Doc Rivers last September, replacing him with Tyronn Lue. Ballmer also elevated executive Lawrence Frank to operate basketball operations.spend $166 million
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