Los Angeles Dodgers ownership is looking at expanding its empire by acquiring AEG, owner of the Los Angeles Lakers and Kings, as well as Staples Center and MLS franchises/facilities.
AEG, part of Philip Anschutz’s business empire that also includes railroads, media, petroleum businesses and travel firms (Xanterra is the Yellowstone National Park concessionaire), includes Los Angeles’s NBA and NHL teams, and the firm has done preliminary work on a downtown stadium for a National Football League team.
Right now the sale of AEG is in a preliminary stage — prospective bidders haven’t even been provided financial data — and there will be plenty of jockeying for the firm’s assets. It’s not even clear whether AEG will be sold as a single entity or broken up (the firm also owns MLS franchises and stadia in Los Angeles and New York/New Jersey). Guggenheim Partners, which owns the Dodgers and Dodger Stadium, has already established itself as a player in the sporting world and beyond: besides the Dodgers, Guggenheim recently purchased Dick Clark Productions, outbidding the likes of Ryan Seacrest in the process.
Also, it’s worth noting that Stan Kasten, president of the Dodgers, has plenty of experience in working in multiple sports; Turner, under his watch, owned the Atlanta Braves, the NBA’s Atlanta Hawks and the NHL’s Atlanta Thrashers. And let’s not forget Magic Johnson, a minority investor with Guggenheim, has a long history with the Lakers.
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