National Basketball Association (NBA) champions the Los Angeles Lakers have signed an extension that will see the franchise remain at the Staples Center until the 2041 season.
Upon the end of the agreement, the LA Lakers will have played at the Staples Center for over 40, having played there since 1999.
Rumours had suggested that the Lakers were interested in exiting the Staples Center and building their own home venue.
As part of the extension, both AEG and the Lakers announced that they would be making improvements to the stadium.
“Staples Center ranks as one of the best arenas in the world to play and watch basketball and we are thrilled to be able to call it home for another two decades,” said Jeanie Buss, the Lakers’ controlling owner and governor.
“The decision was made first and foremost with our fans and players in mind and AEG’s commitment to investing significant capital in the arena means that the Lakers will continue to play in one of the world’s premier venues. From the very beginning, AEG proved to be more than just the best arena operators in our industry, and on a daily basis they continue demonstrating why they are the best partner an organisation could ask for.”
Dan Beckerman, chief executive and president of AEG, added: “There is no doubt that our partnership with the Buss Family and the Lakers solidified the arena’s legendary status from the beginning and brought some of the most memorable moments in sports and entertainment history to fans.
“We look forward to another 20 years of our successful partnership with the Lakers and believe that the investments we are making will ensure that Staples Center remains the epicentre for sports and entertainment, delivering the most exciting events in the world.”
Author: Jake Wilkin