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
- Going the distance: Isles edge Caps to force Game 7 9
- Everything happens: Ovechkin nails Tavares, Isles score 8
- WATCH LIVE: Today’s Stanley Cup playoff action 6
- Lucic issues statement on father’s passing 9
- Hall caught off guard by Oilers’ front office shuffle 17
- Wild’s Dubnyk shakes off six-goal night, saves 36 as Blues pushed to brink 32
- WATCH LIVE: Tonight’s Stanley Cup Playoff action 5
- Malkin: ‘I want to say sorry to fans, to my teammates’ 57
- It’s Done: Rangers eliminate Penguins in overtime 106
- Sens’ Anderson continues to haunt Habs, forces Game 6 12
- Of course they did: Oilers win 2015 NHL Draft Lottery, will select first overall (174)
- Too little, too late: Rangers stifle Penguins for 2-1 series lead (114)
- It’s Done: Rangers eliminate Penguins in overtime (106)
- Eichel understands Murray’s disappointment, but ‘extreme competitor’ has ‘a lot to offer’ (98)
- Bettman under fire after saying ‘Katy Perry’ chant wasn’t sexist (91)