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Tim Conway Jr. talks about the sale with Fox Sports LA's Matt "Money" Smith.
LOS ANGELES (CNS) - The company that owns Staples Center and is the driving force behind an effort to build a professional football stadium in downtown Los Angeles announced today it is being put up for sale.
Anschutz Entertainment Group, a subsidiary of the Anschutz Co. owned by Denver billionaire Philip Anschutz, also has a stake in the Los Angeles Lakers and the Los Angeles Galaxy. It also owns the L.A. Live entertainment complex in downtown Los Angeles and the O2 arena in London.
``Given the success of the management team and employees in establishing
``This process represents a unique opportunity to maximize value for all concerned and will allow us to assure that, like the Anschutz Co., the new owner will have the financial resources, commitment and vision to support AEG's management team as it continues to grow the business of
Read more on the KFI NEWS BLOG.