September 18, 2012 |
The richest man in Los Angeles could buy the AEG sports and entertainment empire. Patrick Soon-Shiong, who owns a minority share of the Lakers and tried to buy part of the Dodgers, is exploring the purchase of AEG. [For the record, 8:15 a.m., Sept. 19: An earlier version of this post incorrectly listed Soon-Shiong's age as 59. ] The Dodgers were sold in spring for $2.15 billion, a world record for a sports franchise. The AEG assets could fetch more than double that price, depending in part on which properties AEG owner Philip Anschutz and AEG President Tim Leiweke ultimately decide to include in the sale. The AEG assets include ownership shares in the Lakers, Kings, Galaxy, Staples Center and L.A. Live, according to the sale announcement.
September 18, 2012 |
AEG had barely put itself up for sale Tuesday evening when speculation began to mount that Los Angeles billionaire Patrick Soon-Shiong may be in the running to buy all or part of the entertainment giant, according to a person familiar with the situation unauthorized to speak publicly on the matter. The Anschutz Co., run by Denver billionaire Philip Anschutz, said it is seeking a buyer for its AEG subsidiary, which has stakes in the L.A. Live entertainment venue in downtown Los Angeles, the Los Angeles Kings professional hockey team and the Los Angeles Galaxy pro soccer team.
March 18, 2012 |
Patrick Soon-Shiong, the richest man in Los Angeles, has joined the Dodgers bid group led by hedge-fund billionaire Steven Cohen. The alliance is the strongest indication yet of Cohen's intention to present outgoing owner Frank McCourt with a final bid that reflects prominent local support rather than just overwhelming East Coast money. If McCourt were to accept the Cohen bid, he would be rejecting one led by local icon Magic Johnson. Soon-Shiong has held several meetings with McCourt since the Dodgers were put up for sale in November, according to people familiar with the process.
January 25, 2012 |
The richest man in Los Angeles has not bid for the Dodgers. However, Dr. Patrick Soon-Shiong could join the Dodgers sweepstakes soon — not by bidding on his own, but by joining one of the groups already in the running to buy the team. Soon-Shiong has met with several prospective bidders, and he had dinner recently with outgoing Dodgers owner Frank McCourt. Soon-Shiong purchased Magic Johnson's ownership stake in the Lakers in 2010. Johnson, who has teamed with longtime baseball executive Stan Kasten to try to buy the Dodgers, also has paid his respects to McCourt.
May 17, 2011 |
In one corner: the world's richest man, with a fortune estimated at $74 billion. In the other: two of the biggest media moguls in Latin America, with power to shape public opinion. It's the clash of the titans. The three Mexican billionaires are battling to expand their already expansive empires and amass an even more massive share of a telecommunications market projected to be worth $35 billion by 2015. The dispute pits Carlos Slim Helu, who controls most phone service in Mexico, against a couple of TV barons who command most of the eyeballs in the Mexican market.
April 19, 2011 |
Lomas de Chapultepec, a neighborhood of huge homes behind high stone and brick walls, wakes up each morning to the sound of sweeping. As the dawn's dark fades to light, servants emerge from behind gates and, with witches' brooms, brush away the leaves and twigs and lavender jacaranda petals that have fallen overnight. Maids in pastel uniforms, security guards, gardeners and chauffeurs — these are the public denizens of this super-rich enclave. The actual homeowners and permanent residents are rarely seen.