Mar 14, 2013, 1:50 PM EST
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
- Lawyer: Ribeiro to ‘vigorously fight’ $1M lawsuit alleging abuse of ex-nanny (Updated) 6
- In praise of the Hamburglar 14
- Leafs’ Panik latest to be fined for diving 7
- Connor McDavid is just on fire right now 20
- Video: Zidlicky’s first goal with Detroit gives Red Wings OT win over Rangers 31
- Video: P.K. Subban illustrates hockey instincts through GoPro camera perspective 5
- Video: Lundqvist could be back in 10 to 14 days 7
- Isles’ Martin suspended one game for ‘reckless’ knee on Daley 14
- More bad luck for the B’s — Connolly out 6 weeks with fractured finger 23
- Fehr willing to give Panthers ‘a reasonable opportunity’ to redevelop market 54