Wednesday, October 3, 2012

Mark Walter making BASKETBALL and SOCCER news?

Now this is interesting.

Several months ago, when Frank McCourt sold the Dodgers, I wrote a post about the real power behind the Dodgers. It's not Magic Johnson. It's not Stan Kasten. It's Mark Walter of Guggenheim Partners, the man who actually had the bulk of the money. And we all know the Golden Rule - the person who has the Gold makes the Rules.

Fox Sports LA is running this story:

Guggenheim Partners Chief Executive Mark Walter, who is also chairman of the Dodgers, said the possible ``synergy" in marketing and sponsorship among the Los Angeles teams could make AEG an attractive investment, the Los Angeles Times reported. But because prospective bidders have yet to receive confidential financial information from AEG, he said he could not say for sure that a Guggenheim bid for AEG would make sense.

More here. The original LA Times story, found here, notes that AEG's expected selling price - north of $5 billion - is well above the price that Walter and others paid for the Dodgers a few months ago.

If Walter, or a team including Walter, were to acquire AEG, that person/group would own a raft of sports and entertainment properties in California...and the rest of North America...and the rest of the world:

AEG is one of the leading sports and entertainment presenters in the world. AEG, a wholly owned subsidiary of the Anschutz Company, owns, controls or is affiliated with a collection of companies including over 100 of the world's preeminent facilities such as STAPLES Center (Los Angeles, CA), Sprint Center (Kansas City, MO), Citizen's Business Bank Arena (Ontario, CA), The Rose Garden (Portland, OR), Coliseum (Oakland, CA), American Airlines Arena (Miami), Best Buy Theater (Times Square, NY), Verizon Theatre (Grand Prairie, TX), Colosseum at Caesars Palace (Las Vegas, NV), Target Center (Minneapolis, MN), BBVA Compass Stadium (Houston, TX), Allphones Arena (Sydney, AU), MasterCard Center (Beijing, China), Ahoy Arena (Rotterdam), Ericsson Globe Arenas (Stockholm), Qatar National Convention Centre (Doha), O2 World Hamburg (Hamburg), O2 World (Berlin) and The O2, a 28-acre development located in the eastern part of London along the Thames River which includes a 20,000-seat arena and over 650,000 sf of leisure and entertainment use which are all part of the portfolio of AEG Facilities; AEG Merchandising, a multi-faceted merchandising company; and AEG Global Partnerships, responsible for worldwide sales and servicing of sponsorships naming rights and other strategic partnerships.

In addition, AEG developed and operates The Home Depot Center, a $150 million national training center located on the campus of California State University, Dominguez Hills in Carson, CA which is an Official U.S. Olympic Training Site and features elite facilities for soccer, tennis, track & field, track cycling, boxing, lacrosse, rugby, football and other sports, as well as concerts and family shows, and is home to MLS Champion Los Angeles Galaxy and Chivas USA MLS franchises. The company is also spearheading the development of Farmers Field, a 72,000-seat stadium and Event Center in downtown Los Angeles designed to host an NFL franchise, conventions and special events.

Franchises including the Stanley Cup Champion Los Angeles Kings (NHL), Manchester Monarchs (AHL), Ontario Reign (ECHL), Houston Dynamo & Los Angeles Galaxy (MLS), three hockey franchises in Europe as well as the Hammarby (Sweden) Futbol Club, management of privately held shares of the Los Angeles Lakers, events such as the Amgen Tour of California cycling road race, the Zazzle Bay to Breakers foot race and an ongoing schedule of soccer exhibitions in the United States featuring the most popular international teams are part of the portfolio of AEG Sports.

AEG Live, the live-entertainment division of Los Angeles-based AEG, is dedicated to all aspects of live contemporary music performance. AEG Live is comprised of touring, festival, exhibition, broadcast, merchandise and special event divisions, fifteen regional offices and owns, operates or exclusively books thirty five state-of-the-art venues. The current and recent concert tour roster includes artists such as Taylor Swift, The Black Eyed Peas, Bon Jovi, Usher, Carrie Underwood, Daughtry, Justin Bieber, Leonard Cohen, Wisin & Yandel, Kenny Chesney, P!nk and Paul McCartney. The company is also currently producing productions including Cher at The Colosseum at Caesars Palace, Supernatural Santana: A Trip Through the Hits at The Joint at Hard Rock Hotel & Casino in Las Vegas. The division's exhibition portfolio boasts the most successful exhibition of all time, Tutankhamun and the Golden Age of the Pharaohs, which has attracted more than seven million visitors since 2005. AEG Live is also the largest producer of music festivals in North America from the critically acclaimed Coachella Music & Arts Festival to Stagecoach and New Orleans Jazz & Heritage Festival.

AEG directed the overall creation and development of L.A. LIVE, the 4 million square foot / $2.5 billion downtown Los Angeles sports, residential & entertainment district featuring venues such as Nokia Theatre L.A. LIVE, Club Nokia and The Conga Room; the GRAMMY Museum, saluting the history of music and the genre's best known awards show; a 54-story, 1001-room convention "headquarters" destination (featuring The Ritz-Carlton and JW Marriott hotels and 224 luxury condominiums — The Residences at The Ritz-Carlton — all in a single tower), Regal Cinemas L.A. LIVE Stadium 14 movie theatre, "broadcast" facilities for ESPN, along with entertainment, restaurant and office space making it the region's most active 'live content and event campus.'

In 2010, AEG launched its AEG 1EARTH environmental program with the announcement of 2020 environmental goals and the release of the industry's first sustainability report while in 2011, AEG introduced axs Ticketing, the first phase of its new entertainment platform serving as the company's primary consumer brand which will also feature a mobile service as well as a video content service now in development. This summer, in partnership with HDNet, Ryan Seacrest Productions and Creative Artists Agency, AEG will launch axs TV, a new linear cable channel focusing on live entertainment and lifestyle programming.
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