: Kings Article:
Kings For Sale? Major Announcement Coming?
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05-30-2012, 12:28 PM
Join Date: Jul 2002
Location: Parts Unknown
Originally Posted by
The Big Giant Head
i remember awhile back someone said that they wernt out right selling the Kings but were going to be selling part of the rights of the organization or something along those lines, like a partnership...Maybe this is coming to fruition?
This article dated back to the summer of 2008 was when it was revealed that AEG was looking to sell a part of the Kings.
The owners of the Kings have talked with several parties, including the ownership group of the Boston Celtics, about buying a minority share of the hockey franchise, the Daily News has learned.
Sources indicated that no deal is imminent and that in any scenario, Anschutz Entertainment Group will not relinquish operating control of the Kings franchise, which it has owned since October 1995.
In a phone interview Thursday, Kings governor and AEG president Tim Leiweke confirmed that he has spoken to the ownership group of the Celtics, led by Wycliffe "Wyc" Grousbeck, about a "partnership."
"Wyc and I have talked about the Kings, but so have I and a lot of other people," Leiweke said. "There is no deal with myself and Wyc, and there have been a half-dozen people who have been very interested."
If a deal with Grousbeck's group is completed, sources said Leiweke would remain as governor - the top management position under owners Philip Anschutz and Ed Roski - but that other executives, those who have experience in the Celtics' front office, would likely be imported to help run the Kings.
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