Phillip Anschutz Sells Stake in Lakers to 2 Dodgers’ Owners – NBC Los Angeles

on Jun27
by | Comments Off on Phillip Anschutz Sells Stake in Lakers to 2 Dodgers’ Owners – NBC Los Angeles |

Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to two owners of the Dodgers, according to a published report.

Citing unidentified sources, the Los Angeles Times reported Saturday that the 81-year-old billionaire is selling his stake to Mark Walter and Todd Boehly, two of the Dodgers’ owners.

The transaction was first reported by Sportico, a website that covers sports business. It said that Walter’s and Boehly’s stake in the Lakers would be worth $1.35 billion, making them the largest minority ownership of the team. The Lakers are owned by the family of the late Jerry Buss.

Anschutz also owns the NHL’s LA Kings and the LA Galaxy of Major League Soccer. His Anschutz Entertainment Group owns sports teams, events and venues, as well as entertainment venues.

He owns a stake in Staples Center, home to the Lakers, Kings and Clippers. The Lakers recently extended their lease with the arena in downtown LA.

In 2012, Anschutz put AEG up for sale, but took it off the market the following year.

A spokesman for AEG declined comment Saturday.

The sale needs approval from the NBA’s Board of Governors.

Walter and Boehly are among the owners of the WNBA’s Los Angeles Sparks.

Previous postCows Who Briefly Escaped Pico Rivera Slaughterhouse Killed – NBC Los Angeles Next postWhat’s most important to a real estate investor these days? – Daily News

Los Angeles Financial times

Copyright © 2024 Los Angeles Financial times

Updates via RSS
or Email