HFBoards

Go Back   HFBoards > NHL Western Conference > Pacific Division > Los Angeles Kings
Notices

AEG Sale Canceled / Leiweke Leaving Company / Kings Owners Not Changing

Reply
 
Thread Tools
Old
03-14-2013, 12:22 PM
  #1
AKAY47
In Lombardi we trust
 
AKAY47's Avatar
 
Join Date: Feb 2009
Location: Ottawa
Country: Canada
Posts: 5,301
vCash: 500
AEG Sale Canceled / Leiweke Leaving Company / Kings Owners Not Changing

I don't know what to say or how to make sense of it, but I know it definitely impacts the LA Kings.

http://www.reuters.com/article/2013/...0C68ZM20130314

"@Reuters: AEG President and CEO Tim Leiweke will be leaving the company"

LA Times: http://www.latimes.com/business/mone...,6195980.story


Last edited by TonySCV: 03-14-2013 at 12:46 PM. Reason: Added LA Times article
AKAY47 is offline   Reply With Quote
Old
03-14-2013, 12:29 PM
  #2
Ollie Weeks
Registered User
 
Ollie Weeks's Avatar
 
Join Date: Feb 2008
Location: Sioux Lookout, NWO
Country: Canada
Posts: 8,700
vCash: 500
"My work here is done, and now I must go. My planet needs me."

Ollie Weeks is offline   Reply With Quote
Old
03-14-2013, 12:31 PM
  #3
Scottkmlps
Moderator
 
Scottkmlps's Avatar
 
Join Date: Aug 2003
Location: Ladysmith, BC
Country: Canada
Posts: 9,372
vCash: 500
Wow, shocked to hear that.

Scottkmlps is offline   Reply With Quote
Old
03-14-2013, 12:32 PM
  #4
Ziggy Stardust
Master Debater
 
Ziggy Stardust's Avatar
 
Join Date: Jul 2002
Location: Parts Unknown
Posts: 30,914
vCash: 500
@helenenothelen: Dan Beckerman, who takes over as president and CEO of AEG following Tim Leiweke's departure, joined company in '97 as CFO of Kings.

Ziggy Stardust is offline   Reply With Quote
Old
03-14-2013, 12:35 PM
  #5
AKAY47
In Lombardi we trust
 
AKAY47's Avatar
 
Join Date: Feb 2009
Location: Ottawa
Country: Canada
Posts: 5,301
vCash: 500
"@DennisTFP: Dean Lombardi told me at opening season presser Kings could spend to cap to defend, wonder if changes w AEG money guy Beckerman as new boss"

There you go. I knew it would mean something to our team. Money might not be as flexible as it used to be. Not good, not good at all.

AKAY47 is offline   Reply With Quote
Old
03-14-2013, 12:38 PM
  #6
KingKopitar11*
Drew Doughty Eh?
 
Join Date: Oct 2006
Location: staples center
Country: Russian Federation
Posts: 16,319
vCash: 500
This sucks

KingKopitar11* is offline   Reply With Quote
Old
03-14-2013, 12:38 PM
  #7
RonSwanson*
Gadfly
 
Join Date: Apr 2002
Location: Food 'N Stuff
Country: United States
Posts: 8,769
vCash: 500
Quote:
Originally Posted by AKAY47 View Post
I don't know what to say or how to make sense of it, but I know it definitely impacts the LA Kings.

http://www.reuters.com/article/2013/...0C68ZM20130314

"@Reuters: AEG President and CEO Tim Leiweke will be leaving the company"
Quote:
(Reuters) - Billionaire Phil Anschutz has decided to retain ownership in Anschutz Entertainment Group and will terminate the sale process for the sports and entertainment empire, the company said on Thursday.

As part of the decision, Dan Beckerman will become president and chief executive officer of AEG, replacing Tim Leiweke, who has been at the helm since 1996 And will be leaving the company.
So the Kings are no longer for sale?

RonSwanson* is offline   Reply With Quote
Old
03-14-2013, 12:39 PM
  #8
Knight of the Realm
Champs Again!
 
Knight of the Realm's Avatar
 
Join Date: Dec 2006
Location: Westeros
Country: United Kingdom
Posts: 5,166
vCash: 500
Not gonna worry just yet.

Knight of the Realm is offline   Reply With Quote
Old
03-14-2013, 12:40 PM
  #9
KingKopitar11*
Drew Doughty Eh?
 
Join Date: Oct 2006
Location: staples center
Country: Russian Federation
Posts: 16,319
vCash: 500
What does this mean for our spending?

KingKopitar11* is offline   Reply With Quote
Old
03-14-2013, 12:42 PM
  #10
KopitarFAN
Reno Sucks!
 
KopitarFAN's Avatar
 
Join Date: Oct 2008
Location: Lost Wages, NV
Country: United States
Posts: 9,368
vCash: 500
Quote:
Originally Posted by AKAY47 View Post
"@DennisTFP: Dean Lombardi told me at opening season presser Kings could spend to cap to defend, wonder if changes w AEG money guy Beckerman as new boss"

There you go. I knew it would mean something to our team. Money might not be as flexible as it used to be. Not good, not good at all.
I seriously doubt this will change much in regards to their ability to spend in the short-term because they promoted somebody from within. Not some schmuck from outside.

Quote:
Originally Posted by RonSwanson View Post
So the Kings are no longer for sale?
Precisely.

KopitarFAN is offline   Reply With Quote
Old
03-14-2013, 12:48 PM
  #11
TonySCV
Moderator
One More Time
 
TonySCV's Avatar
 
Join Date: Mar 2004
Location: Los Angeles, CA
Country: United States
Posts: 12,894
vCash: 500
In the back of my mind I wondered if Nancy Anschutz would get involved with this. She loves the Kings. I could totally see her saying to Phil "you can sell whatever you want - you aren't selling the Kings". We all know the wives really run the show.

'Billionaire Philip Anschutz said Thursday he has decided not to sell AEG, the entertainment giant that controls the Staples Center, LA Live and the Los Angeles Kings.

Anschutz said he plans to resume a more active role in the company."


http://www.latimes.com/business/mone...,6195980.story

Here's Leiweke article from the Times: http://www.latimes.com/business/mone...,4853743.story

TonySCV is offline   Reply With Quote
Old
03-14-2013, 12:49 PM
  #12
Shellz
Registered User
 
Shellz's Avatar
 
Join Date: May 2009
Location: California
Posts: 17,311
vCash: 500
Quote:
Originally Posted by AKAY47 View Post
"@DennisTFP: Dean Lombardi told me at opening season presser Kings could spend to cap to defend, wonder if changes w AEG money guy Beckerman as new boss"

There you go. I knew it would mean something to our team. Money might not be as flexible as it used to be. Not good, not good at all.
Don't freak out yet, drama queen

Shellz is offline   Reply With Quote
Old
03-14-2013, 12:54 PM
  #13
Live in the Now
Administrator
HFBoards
 
Live in the Now's Avatar
 
Join Date: Dec 2005
Location: LA
Country: United States
Posts: 30,923
vCash: 50
Worst part of this is that the Farmers Field project could be dead.

Live in the Now is offline   Reply With Quote
Old
03-14-2013, 12:58 PM
  #14
KopitarFAN
Reno Sucks!
 
KopitarFAN's Avatar
 
Join Date: Oct 2008
Location: Lost Wages, NV
Country: United States
Posts: 9,368
vCash: 500
Quote:
Originally Posted by Live in the Now View Post
Worst part of this is that the Farmers Field project could be dead.
If that's the worst part, this ain't so bad.

KopitarFAN is offline   Reply With Quote
Old
03-14-2013, 12:58 PM
  #15
TonySCV
Moderator
One More Time
 
TonySCV's Avatar
 
Join Date: Mar 2004
Location: Los Angeles, CA
Country: United States
Posts: 12,894
vCash: 500
Beckerman, who takes over as president and CEO of AEG following Tim Leiweke's departure, joined company in '97 as CFO of Kings. Given that, I don't expect the financial purse strings to tighten, given he controlled them.

Not to mention - Nancy loves the Kings.

TonySCV is offline   Reply With Quote
Old
03-14-2013, 12:59 PM
  #16
Telos
Moderator
In Dean We Trust
 
Telos's Avatar
 
Join Date: Aug 2008
Location: Reno, Nv.
Country: United States
Posts: 26,169
vCash: 3578
Send a message via ICQ to Telos Send a message via AIM to Telos Send a message via MSN to Telos Send a message via Yahoo to Telos
Quote:
Originally Posted by AKAY47 View Post
"@DennisTFP: Dean Lombardi told me at opening season presser Kings could spend to cap to defend, wonder if changes w AEG money guy Beckerman as new boss"

There you go. I knew it would mean something to our team. Money might not be as flexible as it used to be. Not good, not good at all.
LoL. Just because TL is gone doesn't mean the money will dry up. AEG has been good about giving us what we need. I doubt AEG will stop funding a Stanley Cup Champion team that is now drawing more revenue and interest in Staples Center and LA LIVE. AEG wasn't up for sale due to financial difficulty. The guy replacing TL is also the guy that has been involved with the Kings getting their money. I am sure he will keep the cash flowing.

__________________

“Every good army needs a couple of criminals.” - Dean Lombardi
Telos is offline   Reply With Quote
Old
03-14-2013, 01:09 PM
  #17
DeeMeck
Registered User
 
DeeMeck's Avatar
 
Join Date: Jan 2008
Posts: 3,366
vCash: 50
Glad we got Richards, Doughty, Carter, and Quick contracts before this...

DeeMeck is offline   Reply With Quote
Old
03-14-2013, 01:13 PM
  #18
Ron
Bandwagon Since 1967
 
Ron's Avatar
 
Join Date: Jan 2010
Location: Brea, California
Country: United States
Posts: 7,151
vCash: 500
Quote:
Originally Posted by Live in the Now View Post
Worst part of this is that the Farmers Field project could be dead.
That's been dead for weeks, as the NFL gave a collective yawn some time ago about the L.A. City's council proposal along with AEG.

__________________
Ron is offline   Reply With Quote
Old
03-14-2013, 01:16 PM
  #19
Vamos Rafa
ˇVamos!
 
Vamos Rafa's Avatar
 
Join Date: Jan 2010
Location: Clay Court
Country: Spain
Posts: 10,844
vCash: 500
Anyone know how and why Leiweke is leaving? Can't imagine he was fired. Although, you never know in the business world.

Vamos Rafa is offline   Reply With Quote
Old
03-14-2013, 01:16 PM
  #20
Ron
Bandwagon Since 1967
 
Ron's Avatar
 
Join Date: Jan 2010
Location: Brea, California
Country: United States
Posts: 7,151
vCash: 500
I would like an explanation as to why Leiweke is leaving;* otherwise, I am not concerned about Beckerman...seems like a genuine fan as well, and with Nancy guiding him and Phil, we will be alright about spending money to the cap.

*Maybe his inability to get the stadium deal done was the "parting of the ways" point...I am just speculating here, don't have a clue why.

Anyone knows, or think they know?

Ron is offline   Reply With Quote
Old
03-14-2013, 01:20 PM
  #21
Ron
Bandwagon Since 1967
 
Ron's Avatar
 
Join Date: Jan 2010
Location: Brea, California
Country: United States
Posts: 7,151
vCash: 500
As an aside, I figured they would take AEG off the market when they couldn't find an immediate buyer.

They wanted over $1.1 billion for the package, and the most I heard offered was in the $600-$700 million range. That's anywhere from $400-$500 million short.

Never was going to get done.

Ron is offline   Reply With Quote
Old
03-14-2013, 01:22 PM
  #22
Scottkmlps
Moderator
 
Scottkmlps's Avatar
 
Join Date: Aug 2003
Location: Ladysmith, BC
Country: Canada
Posts: 9,372
vCash: 500
Quote:
Originally Posted by Ron View Post
I would like an explanation as to why Leiweke is leaving;* otherwise, I am not concerned about Beckerman...seems like a genuine fan as well, and with Nancy guiding him and Phil, we will be alright about spending money to the cap.

*Maybe his inability to get the stadium deal done was the "parting of the ways" point...I am just speculating here, don't have a clue why.

Anyone knows, or think they know?
Kinda is strange that the stadium deal is pretty much dead, and Uncle Phil decides to take the company off the market and Lieweke leaves the company.

Scottkmlps is offline   Reply With Quote
Old
03-14-2013, 01:24 PM
  #23
Gentle Ben Kenobi
That's no moon......
 
Gentle Ben Kenobi's Avatar
 
Join Date: Oct 2007
Location: Tatooine
Posts: 19,201
vCash: 863
Quote:
Originally Posted by Live in the Now View Post
Worst part of this is that the Farmers Field project could be dead.
Quote:
In a statement, Beckerman said the pursuit of a downtown football stadium adjacent to L.A. Live remains a top priority.

“Priority projects going forward include the development of Farmers Field adjacent to our L.A. Live campus and the pursuit of our plan to bring the NFL back to Los Angeles,” Beckerman said.
http://www.latimes.com/business/mone...,4853743.story

Gentle Ben Kenobi is offline   Reply With Quote
Old
03-14-2013, 01:25 PM
  #24
NomadFan
Registered User
 
Join Date: Mar 2007
Posts: 852
vCash: 500
Quote:
Originally Posted by Ron View Post
As an aside, I figured they would take AEG off the market when they couldn't find an immediate buyer.

They wanted over $1.1 billion for the package, and the most I heard offered was in the $600-$700 million range. That's anywhere from $400-$500 million short.

Never was going to get done.
http://www.forbes.com/sites/mikeozan...ast-8-billion/

http://www.billboard.com/biz/article...eiweke-leaving

http://online.wsj.com/article/SB1000...849102576.html

I guess you're technically right that they wanted "over $1.1 billion" for the package...

NomadFan is offline   Reply With Quote
Old
03-14-2013, 01:25 PM
  #25
SLang
Registered User
 
SLang's Avatar
 
Join Date: Nov 2005
Location: Huntington Beach, CA
Posts: 3,595
vCash: 500
Maybe TL just lost the room.

SLang is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:36 AM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. ©2014 All Rights Reserved.