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SBD/January 22, 2013/Finance
Dolphins' Ross Denies Interest In Moving Team To L.A.; Says AEG Bid Is All Business
Published January 22, 2013
SALE TAKING LONGER THAN EXPECTED: AEG President & CEO Tim Leiweke said that the sale of the company “is ‘taking longer’ than expected … but not due to lack of interest.” Leiweke said, “We're gonna get there. Unfortunately, it's taking longer because more people were interested than we ever imagined, so there has been a lot of time and energy spent with a lot of different people looking at the company." BILLBOARD.biz' Ray Waddell noted a “diverse group of bidders have been reported as potential suitors for AEG with Blackstone Group directing the sale process” that some estimates say could “top out as high” as $8B. While Leiweke “declined to mention who the serious bidders were, he did indicate that the field has narrowed.” Leiweke: "We're getting down to the final straws here. The kind of people and companies interested are very good, and they share our vision for the future of the company” (BILLBOARD.biz, 1/21).