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SBD/Issue 162/Leagues & Governing Bodies
NBA, AEG To Partner To Develop, Operate Up To 12 Arenas In China
Published May 13, 2008
|NBA Teaming With AEG To Operate
Beijing Olympic Basketball Arena
GOLDEN TICKET: Golden Boy Promotions CEO Richard Schaefer said of last week's deal in which AEG bought a stake in Golden Boy, "We don't have an exclusivity deal with them. We did that deliberately because we have longtime partnerships in Las Vegas that we don't want to see end. I have a very close relationship with [MGM Mirage President of Sports & Entertainment Richard Sturm], and we plan to continue to do business with [him]." In Las Vegas, Steve Carp wrote with AEG's $500M, 20,000-seat arena not scheduled to open until 2010, it would "be suicide for Golden Boy to cut ties with MGM Mirage or any other Las Vegas entity right now." Sturm "didn't seem worried about the AEG-Golden Boy venture." Sturm said in a statement, "We have a great relationship with Golden Boy Promotions, and we look forward to many years of hosting successful events with them" (LAS VEGAS REVIEW-JOURNAL, 5/11).