Tuesday, 05 February 2013 12:07

Extra $8 Billion burning a hole in your pocket? You could bring football to LA.

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Denver bizzilionaire Philip Anschutz is looking to sell off a few assets. Staples Center, Home Depot Center, XL Center, the Rose Garden, the LA Galaxy, Houston Dynamo, LA Kings, Ontario Reign, Manchester Monarchs, a chunk of the Lakers and the plot of land onto which Farmer’s Field, the likely future home of the National Football League in Los Angeles is to be built, are all for sale as part of Anschutz Entertainment group, also known as AEG. It could all be yours for a minimum cost of about eight billion dollars.

AEG made the announcement in September that Philip Anschutz was putting together his “exit strategy” which essentially consists of his finding a group of investors wealthy enough to buy him out. The World’s largest owner of sports teams, venues and events in no easy thing to sell. The Financial Times says that bids will be placed on AEG by an Australian shopping center tycoon, a Los Angeles pharmaceutical billionaire and a Qatari wealth fund.

The company has been at the leading edge of efforts to bring an NFL team back to Los Angeles. Chances are that its next owner will interested in continuing the pursuit. The San Diego chargers and St Louis Rams are two clubs rumored to be most eligible to make the move. The prospective sale of AEG stands in the way of progress where a relocation is concerned, so it’s in the NFL’s best interest that a buyer is found sooner rather than later.

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