Mar 14, 2013, 1:50 PM EDT
Big news in the sports business world today, as Anschutz Entertainment Group — the parent company of the Los Angeles Kings (and a whole lot more) — has been taken off the market by its 73-year-old chairman and controlling owner, Phil Anschutz.
Furthermore, Tim Leiweke (pictured), AEG’s president and CEO, will leave the company.
“From the very beginning of the sales process, we have made it clear to our employees and partners throughout the world that unless the right buyer came forward with a transaction on acceptable terms we would not sell the company,” Anschutz said in a statement.
How this news affects the Kings, if at all, remains to be seen. As the LA Times’ Helene Elliott notes, Leiweke was a “genuine” fan of the team. Obviously, having a fan in charge only helps when management asks ownership for money.
Dan Beckerman, Leiweke’s replacement as prez and CEO of AEG, has strong Kings ties. don’t know how much that will count going forward
— Helene Elliott (@helenenothelen) March 14, 2013
- Byfuglien to have phone hearing for Miller cross-check 11
- Patrick Kane is practicing today 16
- NHL on NBCSN: Flyers won’t fool with Penguins on Rivalry Night 17
- ‘Could’ve broken his neck,’ says Vigneault of Byfuglien cross check on Miller 58
- Video: Byfuglien gets away with ugly cross check, penalized late in Jets loss to Rangers 32
- Video: Lucic scores late winner, Bruins deal crushing blow to Panthers playoff hopes 9
- Video: Ovi becomes sixth player in history to record six 50-goal seasons 18
- ‘Almost like a game seven tonight’ for Bruins, Panthers 15
- Report: Warrant issued for Deveaux’s arrest following Swedish league attack 48
- How bad are things for the Kings after Monday? 22