NHL Kings May Sell Minority Share To Celtics Ownership Group
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| AEG Shopping Minority Stake In NHL Kings |
AEG has talked "with several parties, including the ownership group of the [Celtics], about buying a minority share" of the NHL Kings, according to Rich Hammond of the L.A. DAILY NEWS. Sources said that no deal is imminent and AEG "will not relinquish operating control of the Kings franchise." AEG President & CEO Tim Leiweke acknowledged that he has spoken to Celtics CEO & Managing Partner Wyc Grousbeck "about a 'partnership.'" Leiweke: "Wyc and I have talked about the Kings, but so have I and a lot of other people. There is no deal with myself and Wyc, and there have been a half-dozen people who have been very interested." Sources said that if a deal with Grousbeck is completed, Leiweke would remain Kings Governor, but "other executives, those who have experience in the Celtics' front office, likely would help run the Kings." Hammond reports the potential share Grousbeck would acquire and the potential price are unknown (L.A. DAILY NEWS, 7/11).
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