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Sources: Oracle Founder Larry Ellison Shows Preliminary Interest In AEG Bid

Oracle Founder & CEO Larry Ellison "is interested in a potential bid" for AEG, according to sources cited by Grover & Damouni of REUTERS. Sources said that Ellison's interest in AEG, whose owner Phil Anschutz wants initial bids in the $10B range, "is preliminary." One of the main attractions for Ellison would be that AEG would "allow him to buy and relocate" an NFL team to L.A. The auction for AEG just started, with "investment bankers at Blackstone Advisory Partners sending initial information to bidders earlier this week." A source said that "Ellison was expected to receive the information memorandum this week." The list of potential AEG buyers includes "investment firm Guggenheim Partners LLC and private equity firms such as Thomas H. Lee Partners LP, Bain Capital LLC and Colony Capital LLC." Lakers investor Patrick Soon-Shiong said that he would bid on AEG "to use its sports and concert assets to promote a healthy lifestyle to L.A. citizens" (REUTERS, 10/11).

NO TRUST: In L.A., Jon Regardie reported L.A. County Supervisor Mark Ridley-Thomas Thursday "expressed skepticism" that the NFL "stands ready to make a deal" with AEG. Ridley-Thomas said, "I don't know that you can trust the NFL in terms of negotiating. You think it's Farmers Field, but they're out there right now negotiating, optioning the project somewhere else. That's what they do. Why? Because they always want to stir it up. And they'll never tell you" (LADOWNTOWNNEWS.com, 10/11).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. 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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