The Anschutz Decision

AEG on Thursday announced that the company is being taken "off the market" by Chair Phil Anschutz after seeking a buyer for months, and is "parting ways" with longtime President & CEO Tim Leiweke, according to a front-page piece by Hamilton & Farmer of the L.A. TIMES. The moves leave a "parade of high-profile suitors empty-handed and damaging the prospect that professional football will return to Los Angeles any time soon." Leiweke's departure "stunned civic leaders and political figures." He had "orchestrated the complicated political agreements required to bring" an NFL franchise to the nation's second-largest market and was AEG's "point man for the stadium deal." Sources said that Leiweke apparently was "unaware that Anschutz was ...