Los Angeles Sparks Sign Lease Extension with Crypto.com Arena
July 09 2024 - 1:00PM
Business Wire
The Los Angeles Sparks announced today the signing of a
five-year extension with AEG, the owners of Crypto.com Arena, to
continue playing its home games at the state-of-the-art arena
through 2029. The agreement prolongs a productive partnership
between the team and the iconic downtown Los Angeles venue.
The Sparks, founded in 1996 as one of the WNBA’s original eight
teams, have called the arena home since 2001 and during that time
have seen three league championships, six players win Most Valuable
Player awards, two Rookie of the Year trophies, two Coach of the
Year honors, and defining moments such as the first dunk in WNBA
history by Lisa Leslie.
Crypto.com Arena, too, is synonymous with greatness, as the
longtime home of the 17-time NBA Champion Los Angeles Lakers and
two-time Stanley Cup Champion Los Angeles Kings. The Los Angeles
Clippers also called Crypto.com Arena home from 1999 through the
2023-2024 season. The premier venue holds a capacity of 19,079 for
basketball games, frequently hosts the Grammy Awards and major
concerts, and will serve as gymnastics host for the 2028 Summer
Olympics.
“We are thrilled that Sparks fans will continue to have an elite
venue in the heart of downtown L.A. to call home,” said Sparks
Managing Partner and Governor Eric Holoman. “Our players deserve a
state-of-the-art facility where they can compete at the highest
level, and Crypto.com Arena is just that. AEG has impressively
innovated the arena over the years, and I look forward to the
space’s evolution as our organization continues to grow. We’ve made
a lot of history in this building, and I'm excited to witness more
defining moments in the future.”
“It’s an incredible honor for Crypto.com Arena to continue to be
the home of the Los Angeles Sparks,” said Lee Zeidman, President of
Crypto.com Arena, Peacock Theater and L.A. LIVE. “This powerhouse
organization deserves a world-class venue for hometown games, and
we’re excited to be championing these inspiring athletes and
inviting in their ever-growing fanbase through the 2029
season.”
“Today is an exciting day for the Sparks and the Los Angeles
community,” said Sparks President Christine Monjer. “AEG’s
continued commitment and investment in our organization is
impactful at a pivotal, exciting time for the franchise and the
league. Knowing that our players have a long-term home at
Crypto.com Arena provides a monumental boost for them and our
coaches, allowing them to focus on producing championship-level
basketball.”
ABOUT THE LOS ANGELES
SPARKS
Founded in 1996, the Los Angeles Sparks are one of three
original franchises in the Women’s National Basketball Association
(WNBA). The Sparks have won three WNBA Championships (2001, 2002,
2016), and have qualified for the playoffs in 20 of their 27
seasons. The Los Angeles Sparks are dedicated to ensuring each home
game at Crypto.com Arena has a championship level entertainment
experience while showcasing the best female athletes from around
the world on the court.
ABOUT CRYPTO.COM ARENA
Crypto.com Arena has undoubtedly developed an unrivaled
reputation for excellence, having established itself as one of the
world’s busiest and most successful venues in the world. As the
home of three professional sports franchises – the NBA’s Los
Angeles Lakers, the NHL’s LA Kings and the WNBA’s Los Angeles
Sparks – Crypto.com Arena has proven to be a home court advantage
for the local teams. The AEG owned and operated arena continues to
distinguish itself as the host of major, high-profile events of
national and international distinction including the 2004, 2011
& 2018 NBA All-Star Games, 2002 & 2017 NHL All-Star Game,
2000 Democratic National Convention, 2009 World Figure Skating
Championships and 21 Grammy Awards shows.
For a quarter of a century, Crypto.com Arena has been marked
with performances and special events that brought international
stature to the downtown Los Angeles venue including concerts
headlined by Taylor Swift, Drake, Beyoncé, Prince, U2, Paul
McCartney, Garth Brooks, Usher, Jay-Z, Keith Urban, Roger Waters,
Britney Spears, Katy Perry, Ed Sheeran, Kendrick Lamar, Michael
Bublé, Carrie Underwood and Justin Timberlake, as well as world
championship boxing, family shows and special events.
Hosting 200-plus events a year, the arena’s reputation for
world-class amenities, features, and a commitment to quality of
service and the guest experience is second to none. These include
comfortable seating, state-of-the-art sound and lighting systems,
concession stands offering a variety of food and beverages, and
merchandise stores where fans can purchase team-related
memorabilia. Crypto.com Arena is not only a great venue for sports
and entertainment, but it also holds a special place in the hearts
of the local community. The arena has witnessed many historic
moments, unforgettable, performances, and become an iconic landmark
in Los Angeles.
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Kelli Skye Fadroski kfadroski@aegworldwide.com