AEG Sale: Will There be Football in LA?

Denver-based Anschutz Co.’s putting itself on the block has complicated the plan to bring a professional football team to Los Angeles.

It’s raised questions that may be left unanswered for months. Will the new buyers be keen on the NFL-in-LA project? How much longer will LA football fans have to wait for the plan to finally come to fruition?

β€œWe always knew AEG would go through multiple hands,” Los Angeles Chief Administrative Officer Miguel Santana told NBC4’s Conan Nolan. β€œThis marriage is really a long term marriage.”

Whoever picks up the entertainment empire will have to have deep pockets. AEG’s buildings alone – which include the Staples Center and LA Live – are worth in excess of $2 billion, according to Forbes.

Sources close to the deal say AEG has indicated privately that it expects to sell for $5 billion to $7 billion, though no official price has been set, according to the Los Angeles Times.
 

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