Introduction
Hey readers! Welcome to this in-depth exploration of who owns the famous Crypto.com Arena. Located in the heart of Los Angeles, this iconic venue has been the home to the NBA’s Lakers and Clippers, as well as a host of other major sporting events and concerts. Join us as we delve into the history, ownership, and future of this legendary arena.
The History of Crypto.com Arena
Crypto.com Arena’s roots can be traced back to 1999, when it was known as the Staples Center. The arena was constructed by a joint venture between Anschutz Entertainment Group (AEG) and the Los Angeles Lakers. It opened its doors in October 1999 and quickly became one of the most popular venues in the world.
Over the years, the Staples Center has undergone several renovations and expansions. In 2021, the naming rights were acquired by Crypto.com, a cryptocurrency exchange, and the arena was renamed Crypto.com Arena.
Who Owns Crypto.com Arena?
Crypto.com Arena is owned by a joint venture between AEG and the Los Angeles Lakers. AEG is a global entertainment company that owns and operates a number of sports and entertainment venues around the world. The Los Angeles Lakers are one of the most successful NBA teams in history, with 17 championships to their name.
The Future of Crypto.com Arena
Crypto.com Arena is a thriving entertainment destination that continues to attract major events and fans from all over the world. The arena is also undergoing a major renovation that is expected to be completed in 2024. The renovation will add new amenities and upgrades to the arena, ensuring that it remains one of the premier sports and entertainment venues in the world.
Crypto.com Arena’s Impact on the Community
The Economic Impact
Crypto.com Arena has a significant economic impact on the surrounding community. The arena generates millions of dollars in revenue each year, which supports local businesses and creates jobs. The arena also attracts visitors from all over the world, who spend money on hotels, restaurants, and other businesses in the area.
The Social Impact
Crypto.com Arena is more than just a sports and entertainment venue; it is also a community gathering place. The arena hosts a variety of events throughout the year, including concerts, family shows, and educational programs. These events bring people together and create a sense of community.
Crypto.com Arena’s Environmental Sustainability
Crypto.com Arena is committed to environmental sustainability. The arena uses renewable energy sources, such as solar panels, to power its operations. The arena also recycles waste and uses water-efficient fixtures.
Table: Key Facts About Crypto.com Arena
| Fact | Detail |
|---|---|
| Owner | Joint venture between AEG and the Los Angeles Lakers |
| Location | Los Angeles, California |
| Capacity | 19,060 |
| Opened | October 1999 |
| Renamed | Crypto.com Arena in 2021 |
| Major tenants | Los Angeles Lakers, Los Angeles Clippers |
Conclusion
Crypto.com Arena is a world-renowned sports and entertainment venue that is owned by a joint venture between AEG and the Los Angeles Lakers. The arena has a significant economic and social impact on the surrounding community and is committed to environmental sustainability.
Thanks for reading! If you enjoyed this article, you may also want to check out our other articles on sports and entertainment venues:
- [Who Owns SoFi Stadium?]
- [Who Owns Madison Square Garden?]
- [Who Owns the Rose Bowl?]
FAQ about Crypto.com Arena
Who owns Crypto.com Arena?
Answer: AEG, a global entertainment company, owns Crypto.com Arena.
Is Crypto.com Arena privately owned?
Answer: Yes, Crypto.com Arena is privately owned by AEG.
Who was the original owner of Crypto.com Arena?
Answer: The original owner of Crypto.com Arena was Frank McCourt, former owner of the Los Angeles Dodgers.
When did AEG acquire Crypto.com Arena?
Answer: AEG acquired Crypto.com Arena in 2019.
Who is the current CEO of Crypto.com Arena?
Answer: Lee Zeidman is the current CEO of Crypto.com Arena.
What is the capacity of Crypto.com Arena?
Answer: The capacity of Crypto.com Arena is approximately 19,000 for basketball games.
What sports teams play at Crypto.com Arena?
Answer: The Los Angeles Lakers (NBA), Los Angeles Clippers (NBA), and Los Angeles Kings (NHL) play at Crypto.com Arena.
What other events are held at Crypto.com Arena?
Answer: Crypto.com Arena hosts various events, including concerts, award shows, and family events.
Can you take a tour of Crypto.com Arena?
Answer: Yes, guided tours of Crypto.com Arena are available.
What is the address of Crypto.com Arena?
Answer: Crypto.com Arena is located at 1111 S Figueroa St, Los Angeles, CA 90015.