The Los Angeles Clippers added another paying partner for the franchise’s planned Inglewood arena, helping to offset its roughly $1.2 billion cost.
The National Basketball Association team owned by former Microsoft CEO Steve Ballmer announced Monday it has agreed to a deal with “green” financial services company Aspiration. Under the agreement, Aspiration becomes a founding partner of the team’s new arena, the Intuit Dome.
Aspiration will be featured in signs around the arena and in other marketing materials, including some that are related to fighting climate change and reducing fans’ personal carbon footprints.
Terms of the deal weren’t disclosed, but it is thought to eclipse $300 million.
Aspiration is based in nearby Marina del Rey, and its investors include actor Leonardo DiCaprio and Philadelphia 76ers coach (and former Clippers coach) Doc Rivers.