Philip Anschutz has reached an settlement to promote his stake within the Los Angeles Lakers of 27 p.c.
AEG Chief Government Officer Dan Beckerman in an interview stated the proposed transaction “is a part of some monetary planning and redeployment of capital to different AEG tasks and progress initiatives,” particularly mentioning venues, actual property, ticketing and reside leisure tasks across the globe.
Anschutz’s stake is the second largest behind the Buss household’s 66 p.c and his shares additionally carry a proper of first refusal on any wider controlling sale. It isn’t but clear if that proper transfers to the proposed purchaser.
Anschutz is 81 and value $15.8 billion.
AEG owns and operates the Staples Heart, the place the Lakers lately prolonged their lease by 2041.
The Lakers have been lately valued at $5.14 billion.