Skip to content

Kings parent AEG off market, Leiweke to leave company

Mar 14, 2013, 1:50 PM EST

Tim Leiweke Getty Images

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.

Related: AEG shakeup could mean the end of Farmers Field

Latest Posts
  1. Kings defeat Habs in shootout to tighten up West playoff race

    Mar 6, 2015, 1:36 AM EST

    Marian Gaborik, Drew Doughty AP

    Minnesota, Calgary and L.A. all win on Thursday.

  2. Predators’ losing streak hits five games

    Mar 5, 2015, 11:02 PM EST

    Pekka Rinne, Michael Grabner AP

    Brock Nelson scored the winner.

  3. Lawyer: Ribeiro to ‘vigorously fight’ $1M lawsuit alleging abuse of ex-nanny (Updated)

    Mar 5, 2015, 7:13 PM EST

    Mike Ribeiro Mike Ribeiro

    “At the same time, Mike will maintain his focus on doing all he can to help Nashville win its first-ever Stanley Cup.”

  4. Ovechkin (lower body) to miss first game of the season tonight

    Mar 5, 2015, 6:47 PM EST

    Washington Capitals v New York Islanders Getty Images

    Won’t suit up when the Caps take on Minnesota.

  5. Bruins sign former WHL captain Justin Hickman

    Mar 5, 2015, 5:27 PM EST

    Seattle Thunderbirds v Kelowna Rockets Getty Images

    Big forward who doesn’t mind dropping the gloves.

  6. (Video) PHT Extra: Why would Babcock leave the Wings now?

    Mar 5, 2015, 4:26 PM EST

    Mike Babcock Mike Babcock

    He recently called them the “best group I’ve had since ’09.”

  7. Preds ‘out for a little revenge’ versus Isles

    Mar 5, 2015, 3:00 PM EST

    Taylor Beck, Anders Lee, Josh Bailey AP

    Nashville’s won just two of its last eight.

  8. Edler, Burrows, and Kassian expected back for Canucks, who ‘better be’ ready for Coyotes

    Mar 5, 2015, 2:05 PM EST

    AlexEdler Getty Images

    “We only have 19 games left and we have to be winning and getting points.”

Featured video

Is there an issue with Babcock in Detroit?
Top 10 NHL Player Searches
  1. K. Okposo (2856)
  2. H. Lundqvist (2779)
  3. T. Seguin (2526)
  4. F. Andersen (2308)
  5. M. Giordano (2264)
  1. H. Zetterberg (2155)
  2. T. Hall (2083)
  3. P. Sharp (1818)
  4. K. Yandle (1805)
  5. B. Dubinsky (1782)