Who owns the naming rights to Staples Center?

The Staples Center, located in downtown Los Angeles, is one of the premier arenas in the world. It’s home to the Los Angeles Lakers, Los Angeles Clippers, Los Angeles Kings, and Los Angeles Sparks of the National Basketball Association (NBA). It is also the home of the Los Angeles Avengers of the Arena Football League (AFL). The arena serves as a venue for concerts, family shows, and other events.

The naming rights to the Staples Center are owned by Staples, Inc. Staples is an American office supply retailing corporation, and is the world’s largest office products company. It is headquartered in Framingham, Massachusetts, and operates in North America, South America, Europe, Asia, Australia, and New Zealand. Staples has approximately 90,000 employees worldwide, and is listed on the NASDAQ.

In 1998, Staples entered into a 20-year agreement with the arena’s owners, AEG and the Anschutz Corporation. Under the terms of the agreement, Staples agreed to pay an annual fee for the naming rights of the Staples Center. The exact fee was not disclosed, but it is estimated to be around $20 million.

The Staples Center has an iconic standing in Los Angeles and has become one of the most recognizable arenas in the world. It has hosted some of the biggest sports and entertainment events in the world, including the NBA All-Star Game, the Grammy Awards, the X Games, and the Democratic National Convention. It is also home to the Los Angeles Kings hockey team and the Los Angeles Sparks of the WNBA.

The Staples Center has hosted a variety of other events, including boxing matches, Cirque du Soleil, and professional wrestling. The Staples Center also serves as a concert venue, hosting some of the biggest concerts and shows in the world. Some of the artists that have performed at the arena include Jay-Z, Lady Gaga, Kanye West, Justin Bieber, and Rihanna.

Staples’s naming rights to the Staples Center will expire in 2018. It is likely that another company will take over the naming rights for the arena. There have been several companies that have expressed an interest in the naming rights, including Coca-Cola, Microsoft, and AT&T.

The Staples Center is an iconic arena and a landmark in the city of Los Angeles. It has been the home of some of the biggest sports and entertainment events in the world. The Staples Center will continue to be an entertainment destination for years to come.

The History of Staples Center Naming Rights

Staples Center is the world-famous arena located in Los Angeles, California. It is home to the Los Angeles Lakers, Los Angeles Kings, Los Angeles Clippers, and Los Angeles Sparks. It is also the site for numerous other events such as concerts and conventions. The naming rights for Staples Center were initially owned by the Staples company, which purchased them in 1999 for $100 million.

The arena was initially known as the Great Western Forum when it opened in 1999. It was renamed to Staples Center in 1999 when the Staples company purchased the naming rights. Under the agreement, Staples paid $100 million over 20 years to have the arena named after the company. The agreement gave Staples the right to advertise their products in the arena as well as to use the facility for promotional events.

In 2018, the naming rights for Staples Center were sold to the Anschutz Entertainment Group (AEG). AEG paid a reported $100 million over 10 years to take over the naming rights. AEG is the owner of the Los Angeles Kings hockey team, which plays at Staples Center. Under the new agreement, AEG will be able to use the arena for their events, as well as to advertise their products.

The Staples Center has been the site of numerous high-profile events, including the Super Bowl, NBA All-Star games, and the Stanley Cup Finals. It has also been the home of major concerts and conventions.

Staples Center is one of the most iconic arenas in the world. It is a symbol of the city of Los Angeles and is an integral part of the culture of the area. It is a testament to the power of naming rights and how they can add value to a business or organization.

Who Currently Owns the Staples Center Naming Rights?

The Staples Center naming rights are owned by the Anschutz Entertainment Group (AEG), a Los Angeles-based entertainment conglomerate owned by the Anschutz Corporation. AEG purchased the naming rights in 1999 for a reported $50 million for a 20-year contract. The contract has since been renewed, and the Staples Center remains an iconic part of the Los Angeles sports and entertainment scene.

The Staples Center is home to the NBA’s Los Angeles Lakers, Los Angeles Clippers, and Los Angeles Sparks, the NHL’s Los Angeles Kings, and the WNBA’s Los Angeles Sparks. The facility has hosted a variety of other sports and entertainment events, including UFC events, awards shows, concerts, and more. The Staples Center also hosts the annual NHL All-Star Game and has hosted the NBA All-Star Game four times.

The Staples Center is widely considered to be one of the premier entertainment venues in the country. AEG has continued to invest in the facility, making upgrades to the seating, concession stands, video boards, and other amenities in order to provide visitors with a top-notch experience. AEG is also involved in the Los Angeles Live Entertainment District, which includes the Microsoft Theater, the Los Angeles Convention Center, and other venues.

The Staples Center is a major source of revenue for AEG, generating over $300 million in revenue annually. The naming rights agreement is a key component of this revenue, and AEG has no intention of allowing it to expire. AEG has secured the naming rights for the Staples Center for the foreseeable future, and it will remain a staple in Los Angeles for many years to come.