I have been telling you folks that it was coming and to hold your horses. Well it appears it may be on the verge of happening. Just read and comprehend the scope and impact of and utter OH MY GOD! http://www.cnbc.com/id/49152955 LOS ANGELES/NEW YORK (Reuters) - Los Angeles billionaire Patrick Soon-Shiong has joined forces with financial services firm Guggenheim Partners to make a bid for Anschutz Entertainment Group, the sports and real estate company, according to three sources with knowledge of the deal. Soon-Shiong, whose fortune is estimated at more than $7.2 billion, is also expected to bring in additional partners to join the group, the sources said. Guggenheim recently led a local group in the purchase of the Los Angeles Dodgers baseball club. AEG's assets include the Los Angeles Kings professional hockey team, the Staples Center in Los Angeles and more than 120 sports or entertainment venues around the world. Founded by Denver billionaire Phil Anschutz, AEG is close to breaking ground on a $1.2 billion football stadium in downtown Los Angeles. The project is awaiting a commitment from a National Football League team to relocate to the facility. Soon-Shiong, an avid sports fan who owns a small piece of the National Basketball Association's Los Angeles Lakers, is particularly interested in bringing a professional football team to Los Angeles, and aims to buy a team or encourage one to move so it can play in the new stadium, said one source. None of the sources were authorized to speak publicly because the talks are private. AEG, which is operated by its president, Tim Leiweke, said on September 18 that it was exploring a sale of the company and had retained Blackstone Advisory Partners. Blackstone is assembling a list of potential buyers and is expected to provide interested ones with financial information in the next few weeks, a person close to the bidding told Reuters last week. Leiweke is expected to answer questions on Monday in front of a city council committee about his company's impending sale and its impact on the plan to build the NFL stadium. A spokesman for Soon-Shiong and a spokeswoman for Guggenheim had no comment. AEG's spokesman also declined to comment. L.A.'S WEALTHIEST MAN Soon-Shiong, a surgeon and onetime professor at UCLA's Medical School, created and sold two pharmaceutical companies for a combined $8.6 billion. He is believed to be the wealthiest person in Los Angeles, according to Forbes magazine. This spring, Soon-Shiong and hedge fund billionaire Steven Cohen were among the unsuccessful bidders for the Dodgers. Soon-Shiong is also a 5 percent owner of the NBA's Lakers, which required him to win approval of the league. The AEG buyer will need NBA approval as well because AEG also owns a small stake in the Lakers. Soon-Shiong intends to put together a broad group of local investors, similarly to how Guggenheim assembled its $2 billion purchase of the Dodgers in May, said one of the people familiar with his plans. That investor group included basketball great Earvin "Magic" Johnson. The Los Angeles Times reported on Friday that Soon-Shiong attended the New York Giants-Carolina Panthers NFL game last week as a guest of Panthers owner Jerry Richardson. The Panthers owner is the former chairman of the NFL's stadium committee. In a statement to the Times earlier in the week, a representative of Soon-Shiong wrote: "Dr. Patrick Soon-Shiong is keenly aware that AEG is in play. We have the utmost respect for Phil and Tim and what they have accomplished in entertainment and sports and in revitalizing the downtown community."
Wow, that sure sounds awesome, but what about Frank and the parking lots??? That's still not clear...
Not sure if you are serious or not but Frank will probably be a partner in this as it was said they would do future joint business adventures especially in Real Estate and the Staples Center is real estate. Don't be surprised to see Cohen pop up as an investor in something with them. It is all being engineered by Blackstone and the started a sports related operation when they began the Dodger sale process. Guggenheim started a sports business also.
then fuck it... I want nothing to do with the Dodgers, Lakers, Kings, new LA NFL team, Grammy Awards, Staples, Soon-Shiong pharma companies, and will look up for the list of the other 120 sports and entertainment venues that are part of AEG to boycott them and the teams that play there, and the artists that perform there, as long as Frank is getting money out of this... FUCK YOU FRANK...
I thought the parking lot agreement was ONLY about Dodger Stadium development. Now if I am right and it's only Chavez then maybe the Guggenheim group found a way to NOT give frank more money?
Remember there was a comment about collaborating on future joint ventures. This would be independent of the Dodger sale. The Dodger sale specific involved http://markets.financialcontent.com...Agreement_With_Guggenheim_Baseball_Management any other ventures are independent of this deal
