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Madison Square Garden Has Deal To Buy Inglewood’s Forum

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NEW YORK (AP) – Madison Square Garden is set to add an historic West Coast arena to its properties with a deal to buy the Forum.

The New York-based company said in a statement Thursday it has reached an agreement for “the option to purchase the LA Forum, subject to due diligence and other conditions.”

MSG’s properties include the NBA’s Knicks, the NHL’s Rangers, Radio City Music Hall and its namesake arena.

Once known as the “Fabulous Forum,” the arena in Inglewood, Calif., was home to the NBA’s Lakers and the NHL’s Kings until 1999, when they left for the new Staples Center. Taken over by Faithful Central Bible Church in 2000, the Forum still hosts concerts and other events.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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