BUSINESS
March 14, 2013 | By Ricardo Lopez
Philip Anschutz, the billionaire chairman of AEG, announced Thursday that the sale of the behemoth entertainment company would be halted. Anschutz Entertainment Group Inc. owns L.A. Live, Staples Center and the Los Angeles Kings, among other holdings. AEG: A look back Here is the full text of the statement the company released Thursday: "The Anschutz Company announced today that it will retain ownership of Anschutz Entertainment Group, Inc. and terminate the sales process for AEG. Philip F. Anschutz, as Chairman of AEG, will resume a more active role in the Company, with a particular focus on the Company's world-wide strategy and operations.
BUSINESS
March 14, 2013 | By Ricardo Lopez
Billionaire Philip Anschutz tapped longtime finance man Dan Beckerman to take the helm of AEG after the sale of the company was halted Thursday. Beckerman will now serve as chief executive and president of Anschutz Entertainment Group Inc., replacing Tim Leiweke, who is leaving the company. AEG: A look back But who is Beckerman? Here's a rundown: -- Beckerman joined AEG in 1997 as chief financial officer of the Los Angeles Kings. -- Before he joined AEG, Beckerman was vice president of finance for the Los Angeles Clippers for two seasons.
BUSINESS
March 14, 2013 | By Scott J. Wilson
Philip Anschutz and the no-longer-for-sale AEG have been key players in sports and entertainment in Los Angeles. Here are some highlights: -- Oct. 1995: Denver-based billionaire Philip Anschutz and Southern California developer Ed Roski Jr. buy the Los Angeles Kings of the National Hockey League. -- May 1997: Anschutz and Roski announce a plan to revamp the L.A. Memorial Coliseum and bring a professional football team to the city by 2000. -- March 1998: Work begins on Staples Center, Anschutz and Roski's new downtown arena.
BUSINESS
March 14, 2013 | By Walter Hamilton and Sam Farmer, Los Angeles Times
After seeking a buyer for months, the billionaire owner of entertainment giant AEG abruptly took the company off the market, leaving a parade of high-profile suitors empty-handed and damaging the prospect that professional football will return to Los Angeles any time soon. Philip Anschutz announced Thursday that he is retaining ownership of Anschutz Entertainment Group and parting ways with Chief Executive Tim Leiweke, the company's public face and force behind the development of L.A. Live and the plan to build an NFL stadium downtown.
CALIFORNIA | LOCAL
September 28, 2012 | By David Zahniser and Kate Linthicum, Los Angeles Times Staff Writer
Los Angeles took its biggest step yet toward luring the NFL back after a 17-year absence, signing off on crucial agreements for a new downtown stadium even as uncertainty continues to shroud the ownership of the company seeking to build the $1.2-billion facility. City Council members unanimously approved an array of documents that will clear the path for 72,000-seat Farmers Field, billed as the most environmentally friendly stadium in NFL history, to rise on the southwest edge of downtown.
CALIFORNIA | LOCAL
September 28, 2012 | By David Zahniser and Kate Linthicum, Los Angeles Times
Los Angeles took its biggest step yet toward luring the NFL back after a 17-year absence, signing off on crucial agreements for a new downtown stadium even though it remains unclear who will own the company seeking to build the $1.2-billion facility. City Council members unanimously approved an array of documents that will clear the path for 72,000-seat Farmers Field, billed as the most environmentally friendly stadium in NFL history, to rise on the southwest edge of downtown. The complex deal could further establish downtown Los Angeles - home to the Lakers, Clippers and Kings - as a professional sports powerhouse, sparking new economic activity and bringing major renovations to the struggling Los Angeles Convention Center next door.