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OWNER'S BOX: ANSCHUTZ & CLAY FORD JR. PROFILED
Published December 1, 1997
PHILIP ANSCHUTZ is profiled by Morris & Brull in BUSINESS WEEK. Anschutz on his new ventures, including the $300M downtown L.A. arena and his investment in telecom company Qwest: "I am a student of strategic timing and cycles. And, I think these will prove to be right." Morris & Brull report that to Anschutz and partner ED ROSKI, the Kings "are purely a real-estate play. Ownership of the team ensures a permanent tenant for their glitzy downtown arena and entertainment center. ... And with an option to buy a 25% stake in the Los Angeles Lakers, the duo have a deal with Laker owner JERRY BUSS to move the basketball team to their arena as well." Anschutz' "obsessive privacy -- he avoids having his picture taken or conducting interviews for the most part -- allows him to walk around a Kings game unnoticed by the crowds" (BUSINESS WEEK, 11/30 issue). MOLDED CLAY: Lions Vice-Chair WILLIAM CLAY FORD JR. will succeed ALEX TROTMAN as Chair of Ford Motor Co. when he retires at the end of '99, according to Ron Stodghill of TIME. Ford Jr.'s decision two years ago to take over the family's small business, "the lowly Lions, may have led to his taking over the big one. For one thing, he proved that his reputation for being overly diplomatic -- read mousy -- was undeserved. He not only restructured the Lions operation but in doing so took on the NFL owners." Regarding the NFL and his stewardship of the Lions, Stodghill writes that Ford Jr. is "talking tougher, negotiating harder and mincing words less than ever during frequent rants about an industry he says is desperately out of touch with its core consumer" (TIME, 12/1 issue).