Philip Anschutz, founder of Anschutz Entertainment Group (AEG), has agreed to sell his 27% stake in the Los Angeles Lakers to Los Angeles Dodgers co-owners Mark Walter and Todd Boehly, according to a report by Scott Soshnick and Eben Novy-Williams of Sportico:
AEG Chief Executive Officer Dan Beckerman in an interview said the proposed transaction “is part of some financial planning and redeployment of capital to other AEG projects and growth initiatives,” specifically mentioning venues, real estate, ticketing and live entertainment projects around the globe.
The plan is “expanding business lines and geography,” Beckerman said, declining to address how much the buyer has agreed to pay and at what valuation.