In a surprising move, Philip Anschutz — the founder of AEG and a minority owner of the Los Angeles Lakers — sold his 27% stake to Los Angeles Dodgers co-owners Mark Walter and Todd Boehly. The deal became official this week after getting approval from the NBA’s Board of Governors.
Walter owns several businesses in different sectors and is also the Co-Founder and CEO of Guggenheim Partners, a private global financial services firm. Boehly is the Co-Founder, Chairman, and CEO of Eldridge, a holding company that invests in a variety of different businesses.
With the sale, it was announced that Boehly will serve on the board representing himself and Walter and it has also been reported that they will have first right of refusal for all future sales, according to Randall Williams of Sportico:
As part of the deal, Boehly will join the Lakers’ board of directors to represent his and Walter’s interests.