The Dodgers and the Lakers teaming up, uniting Los Angeles’ largest sports entities? Well, it might just happen. With the pending sale of AEG mogul Philip Anschutz’s 27% stake of the Lakers to two of the Dodgers’ co-owners, sports power in this city is consolidating.
Let’s try to explain what’s going on and what it means:
What’s the gist?
Anschutz, the billionaire behind the Kings, the Galaxy and Staples Center (among much, much more) is apparently trying to raise some money for other ventures, so he sold his 27% stake in the Lakers to two of the Dodgers’ owners, Mark Walter and Todd Boehly.