<span data-preserver-spaces="true">The beloved Staple Center sports and event center has finally closed, though it was more rebranding. </span>
<span data-preserver-spaces="true">It was announced in November that Staples Center would become Crypto.com Arena.<i> </i></span><span data-preserver-spaces="true">The formal announcement will be made on Christmas Day, December 25, just before the Los Angeles Lakers take on the Brooklyn Nets. </span>
<span data-preserver-spaces="true">Nostalgic netizens and die-hard fans who grew up knowing the arena cant contain how iconic the venue has been for the past two decades. </span>
<span data-preserver-spaces="true">The move would undoubtedly benefit both the Clippers and Lakers for years to come. However, it will be a big adjustment for everyone in getting used to the new name.</span>
<span data-preserver-spaces="true">According to a report from ABC News, Staples Center has been bought for $700 million for the next two decades by Crypto.com. Further details are still pending. </span>
