Take Two for September 24, 2012

City Council weighs how AEG ownership change could impact LA football future

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Kevork Djansezian/Getty Images

Tim Leiweke, President and CEO of AEG, during an event announcing naming rights for the new football stadium Farmers Field at Los Angeles Convention Center.

L.A. City Council votes today on whether to move forward with AEG’s $1.5-billion proposal to build a downtown football stadium.

One potential obstacle to green-lighting the plan could be AEG owner Phil Anschutz’s announcement last week that he is looking to sell the subsidiary Anschutz Entertainment Group, a move that, depending on the new owners, could displace Tim Leiweke as AEG’s CEO and a key figure in negotiating the football stadium.

Angelenos such as billionaire Patrick Soon-Shiong and Santa Monica investment firm Colony Capital have been floated as potential buyers but, while Anschutz Entertainment is one of the most prominent parts of the international AEG business empire, it is still only a part.

A. Martínez looks into who other potential buyers could be and how that might impact the likelihood of L.A.’s football future.


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