06-05-2014, 10:53 AM
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#1
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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LA Kings could be up for sale
http://nypost.com/2014/06/04/la-king...-sale-of-team/
Quote:
Philip Anschutz’s AEG is weighing putting its LA Kings hockey franchise on the block soon after the Stanley Cup Finals, The Post has learned.
“I can assure you there will be a de-coupling of [AEG’s] content from real estate,” one well-placed banker said.
A sports banker said the NHL’s Western Conference champ, which is battling the hometown Rangers for ice hockey supremacy, has been essentially for sale for the past five years for anyone having interest in buying the money-losing team.
Morgan Stanley is readying potential suitors, a third banking source said. The bank declined to comment.
AEG, which owns or operates dozens of arenas, stadiums and convention centers around the world, in addition to the Kings and the LA Galaxy and Houston Dynamo soccer teams, denies it will try to sell the Kings or its sports teams.
“AEG has no interest in auctioning any of its sports teams currently or at any time in the near future,” Ted Fikre, AEG’s chief legal officer, told The Post.
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