Sep 19, 2012, 11:25 AM EDT
The Los Angeles Kings, along with the rest of Anschutz Entertainment Group’s holdings, are for sale.
“The Anschutz Company will undertake the sale to the qualified party best able to reflect the full value of AEG and fully committed to working with AEG’s management team as it pursues its long-term business objectives,” the company said Tuesday.
AEG also owns the Staples Center, where the Kings play, and the Los Angeles Galaxy of the MLS. (Plus a whole heap of other stuff.)
Blackstone Advisory Partners has been hired to guide the sale after managing the auction of the Los Angeles Dodgers, which sold for a record $2 billion in March.
In its most recent valuations, Forbes estimated the Kings were worth $232 million, the 10th highest of the 30 NHL clubs.
The Stanley Cup may tack on a few more million to that value.
(If you’re curious, Florio breaks down how this sale could affect L.A.’s bid for an NFL team.)
- Eller, Habs agree to four-year, $14 million contract 7
- Cory Sarich hospitalized following cycling accident, expects ‘full recovery’ 5
- Stamkos shrugs off talk of LeBron-like homecoming to Toronto in 2016 26
- Avs and O’Reilly agree on two-year deal, but questions remain 42
- Rangers and Kreider avoid arbitration, agree on two-year deal 38
- Zuccarello takes Rangers’ one year, $3.5M deal 42
- Advancement? Leafs sign Booth for one year, $1.1M 25
- Leafs hire 28-year-old stats advocate as assistant GM 30
- NBC Sports to air over 100 NHL regular-season games in 2014-15 69
- Stars, Roussel agree on four-year, $8 million deal 3
- Babcock fires back over allegations that free agents avoid him (77)
- NBC Sports to air over 100 NHL regular-season games in 2014-15 (69)
- Vanek connected to federal gambling investigation (61)
- Lucic regrets handshake-line actions, but isn’t apologizing (58)
- Report: O’Reilly wants $6.7M deal, Avs counter at $5.5M (58)