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AEG Reportedly Looking Into Sale Of NHL Kings, "Riding The Clippers' Coattails"

AEG is "weighing" putting the Kings "on the block" soon after the NHL Stanley Cup Final, according to sources cited by Josh Kosman of the N.Y. POST. A source said, "I can assure you there will be a de-coupling of (AEG’s) content from real estate." However, AEG Chief Legal & Development Officer Ted Fikre said, "AEG has no interest in auctioning any of its sports teams currently or at any time in the near future." The Kings are "said to be worth" about $550M. A source said that AEG is "trying to ride the Clippers coattails." Kosman notes AEG could "use proceeds to keep buying and building more arenas." Another source said, "They are looking at core markets and are buying venues." A source said that Morgan Stanley is "readying potential suitors" However, the bank "declined to comment" (N.Y. POST, 6/5).

SBJ Morning Buzzcast: May 16, 2024

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On this week’s pod, SBJ’s Austin Karp chats with our Big Get, NASCAR SVP/Media and Productions Brian Herbst. The pair talk ahead of All-Star Weekend about how the sanctioning body’s media landscape has shaped up. The Poynter Institute’s Tom Jones drops in to share who’s up and who’s down in sports media. Also on the show, David Cushnan of our sister outlet Leaders in Sport talks about how things are going across the pond. Later in the show, SBJ media writer Mollie Cahillane shares the latest from the network upfronts.

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SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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