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Patrick Soon-Shiong attends game with former NFL stadium chairman

September 21, 2012|By Sam Farmer
  • L.A. billionaire Patrick Soon-Shiong is 'keenly aware' that Anschutz Entertainment Group is for sale.
L.A. billionaire Patrick Soon-Shiong is 'keenly aware' that… (Ken Hively / Los Angeles…)

Patrick Soon-Shiong, the richest person in Los Angeles and a potential AEG buyer, attended the New York Giants-Carolina Panthers game Thursday night as a guest of Panthers owner Jerry Richardson.

That’s an interesting pairing because Richardson is the former chairman of the NFL’s stadium committee, and if Soon-Shiong were to purchase AEG, he presumably would take the handoff from Philip Anschutz to push the proposed downtown L.A. stadium Farmers Field across the goal line.

The Times has reported that AEG is expecting the sales price for the entertainment company to be in the range of $5 billion to $7 billion. Soon-Shiong’s net worth is estimated by Forbes magazine to be $7.3 billion.

It’s more likely that a group of individuals, an equity fund, or maybe an entertainment company would buy AEG, but it’s entirely conceivable that Soon-Shiong could take the lead on buying part or all of an NFL team.

In a statement to the Times this week, a representative of Soon-Shiong wrote: “Dr. Patrick Soon-Shiong is keenly aware that AEG is in play. We have the utmost respect for Phil and Tim and what they have accomplished in entertainment and sports and in revitalizing the downtown community.

“We clearly are interested in furthering this legacy for Los Angeles.”

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For the record: An earlier version of this report referred to Panthers owner Jerry Richardson as the NFL stadium committee chairman. Richardson is the league's former stadium committee chairman.

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