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AEG, owner of LA Galaxy, up for sale - National Soccer
1. AEG, owner of LA Galaxy, up for sale - National Soccer
MLS struggled throughout its very first decade, yet
Anschutz came to the rescue simply by expanding
its holdings at one point owned six with the
League's then-10 teams: Colorado Rapids, Chicago
Fire, L.A. Currently, AEG can be inside the
technique of selling its 50 % fascination with
http://www.zillow.com/homes/for_sale/ Houston
Dynamo to Houston Rockets owner Leslie
Alexander, so the Galaxy would be its merely MLS
team.
The AEG empire, that comprises 120 properties around the globe, consists of your Residence Depot
Center, Staples Center, O2 center within London, LA Lakers, Los Angeles Kings, AEG live - the 19-
venue music division, as well as Coachella Songs Festival as well as AEG can be at present planning
an NFL stadium within Los Angeles.
AEG's 100 event venues service 42 million fans annually.
article read
http://www.examiner.com/article/aeg-owner-of-la-galaxy-up-for-sale
"Live entertainment will be the economic driver of the music activity industry, along with fan
participation as well as encounter would always be the cornerstones involving professional sports -
our platform often brings fans, sponsors and also world-class talent together to produce unparalleled
possibilities in each segments."
The deal could potentially be the biggest sports transaction inside history, exceeding $2 billion.
Anschutz, longtime MLS supporter
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.
The http://www.realtor.com/ Anschutz company stated which it's searching for buyer the majority of
able "to reflect your complete price of AEG and fully dedicated to working together with AEG's
management team since it pursues its long-term business objectives."
Anschutz Entertainment group (AEG), parent business with the LA Galaxy, comes in order to an end
for sale. The Actual LA Galaxy has the next highest payroll inside MLS, however is simply certainly
2. one of the countless holdings involving AEG, owned by billionaire Philip Anschutz. Anschutz, 72, can
be a longtime supporter involving MLS. Anschutz MLS Cup.
"AEG can always be a verified innovator throughout real estate, sports and also stay entertainment,
and can be also in the forefront regarding shaping your dynamics of those industries," mentioned
AEG CEO Tim Leiweke.
The concern regarding MLS is usually that a new owner, with this kind of wide array of holdings,
would have the exact same level of interest within the Galaxy as well as the League.
Anschutz had been certainly one of the original MLS owners, acquiring the Galaxy pertaining to $26
million after its third season. Thus a lot so, that will since 2008 the actual ultimate MLS prize may be
engraved together along with his title - your Philip F. United, Metrostars along with Houston
Dynamo. Galaxy, D.C