{"id":21065,"date":"2021-06-27T07:43:22","date_gmt":"2021-06-27T12:43:22","guid":{"rendered":"https:\/\/myboysay.com\/blog\/?p=21065"},"modified":"2021-06-27T07:43:22","modified_gmt":"2021-06-27T12:43:22","slug":"philip-anschutz-selling-27-percent-stake-in-lakers-to-dodgers-owners-mark-walter-todd-boehly","status":"publish","type":"post","link":"https:\/\/myboysay.com\/blog\/?p=21065","title":{"rendered":"Philip Anschutz selling 27 percent stake in Lakers to Dodgers owners Mark Walter, Todd Boehly"},"content":{"rendered":"<div class=\"c-entry-hero c-entry-hero--default \">\n<div class=\"c-entry-hero__header-wrap\">\n<h1 class=\"c-page-title\">Dodgers co-owners Mark Walter &amp; Todd Boehly to buy minority Lakers stake, per reports<\/h1>\n<\/div>\n<\/div>\n<div class=\"l-segment\">\n<div class=\"c-social-buttons c-social-buttons--popover main-social\" data-cid=\"site\/social_buttons_list\/popover-1624763694_3921_2988\" data-cdata=\"{&quot;entry_id&quot;:22315759,&quot;services&quot;:[&quot;twitter&quot;,&quot;facebook&quot;,&quot;reddit&quot;,&quot;pocket&quot;,&quot;flipboard&quot;,&quot;email&quot;],&quot;base_url&quot;:&quot;https:\/\/www.truebluela.com\/2021\/6\/26\/22551718\/mark-walter-todd-boehly-lakers-ownership-stake-philip-anschutz-dodgers&quot;}\"><\/div>\n<\/div>\n<div class=\"l-sidebar-fixed l-segment l-article-body-segment\">\n<div class=\"l-col__main\">\n<figure class=\"e-image e-image--hero\"><span class=\"e-image__inner\"> <span class=\"e-image__image \" data-original=\"https:\/\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg\"> <picture class=\"c-picture\" data-cid=\"site\/picture_element-1624763694_6995_2989\" data-cdata=\"{&quot;image_id&quot;:69508091,&quot;ratio&quot;:&quot;*&quot;}\"><source srcset=\"https:\/\/cdn.vox-cdn.com\/thumbor\/5q1lwIMKILlmEFc-y8L0wiodk5Y=\/0x0:3000x2078\/320x213\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 320w, https:\/\/cdn.vox-cdn.com\/thumbor\/dsAlGA1uDsZUhK43NKJl0XvY1Hs=\/0x0:3000x2078\/620x413\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 620w, https:\/\/cdn.vox-cdn.com\/thumbor\/POHzZurTS85hynQ-CQlwGdmNRQU=\/0x0:3000x2078\/920x613\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 920w, https:\/\/cdn.vox-cdn.com\/thumbor\/1AkZx9-jO7AXOOw3tQiRLAhoiS4=\/0x0:3000x2078\/1220x813\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 1220w, https:\/\/cdn.vox-cdn.com\/thumbor\/OpOKydi9VdAaeZtn8RPY2y_FLsk=\/0x0:3000x2078\/1520x1013\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 1520w, https:\/\/cdn.vox-cdn.com\/thumbor\/VCdLQUXy8F82EdhAbF5629Vnla8=\/0x0:3000x2078\/1820x1213\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 1820w, https:\/\/cdn.vox-cdn.com\/thumbor\/WsF6K2EZ-Sxv2rGwyvQ0WTJ4upQ=\/0x0:3000x2078\/2120x1413\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 2120w, https:\/\/cdn.vox-cdn.com\/thumbor\/8nLrdYjPpO5L6kKjcjViwn2Lev8=\/0x0:3000x2078\/2420x1613\/filters:focal(1247x379:1727x859):format(webp)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 2420w\" type=\"image\/webp\" sizes=\"(min-width: 1221px) 846px, (min-width: 880px) calc(100vw - 334px), 100vw\" \/><img decoding=\"async\" src=\"https:\/\/cdn.vox-cdn.com\/thumbor\/Ii11rqhEOdWxCZxU1uYW54gBRtk=\/0x0:3000x2078\/1200x800\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg\" sizes=\"(min-width: 1221px) 846px, (min-width: 880px) calc(100vw - 334px), 100vw\" srcset=\"https:\/\/cdn.vox-cdn.com\/thumbor\/vgUk8M1Y6vPFI4MyvUtDVElnuZs=\/0x0:3000x2078\/320x213\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 320w, https:\/\/cdn.vox-cdn.com\/thumbor\/JHMf8n0-qtgM8XZ2LuoUfj_qVRg=\/0x0:3000x2078\/620x413\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 620w, https:\/\/cdn.vox-cdn.com\/thumbor\/Ol0FGFfJU5XZpQajlY_f9erq29U=\/0x0:3000x2078\/920x613\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 920w, https:\/\/cdn.vox-cdn.com\/thumbor\/g0bwGfcUG2AA8wp4uJpXn4MrNlA=\/0x0:3000x2078\/1220x813\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 1220w, https:\/\/cdn.vox-cdn.com\/thumbor\/K0Q02CyDDNFQKhEfLApTU8tdcgE=\/0x0:3000x2078\/1520x1013\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 1520w, https:\/\/cdn.vox-cdn.com\/thumbor\/YOhceMdFnj-afREKuhwFOY29YWM=\/0x0:3000x2078\/1820x1213\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 1820w, https:\/\/cdn.vox-cdn.com\/thumbor\/E9U4OCDiy73i4W5yXhIFaKywZCw=\/0x0:3000x2078\/2120x1413\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 2120w, https:\/\/cdn.vox-cdn.com\/thumbor\/SsFw6_cZrjZGRUU7dkcqM_1VNoY=\/0x0:3000x2078\/2420x1613\/filters:focal(1247x379:1727x859)\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69508091\/146563955.0.jpg 2420w\" alt=\"2012 Billboard Music Awards - Red Carpet\" data-upload-width=\"3000\" \/>\u00a0<\/picture><\/span><\/span><span class=\"e-image__meta\"><br \/>\n<\/span><\/figure>\n<div class=\"c-entry-content \">\n<p id=\"As2pTw\">A pair of <a href=\"https:\/\/www.truebluela.com\/\">Dodgers<\/a> co-owners are reportedly buying into the <a href=\"https:\/\/www.silverscreenandroll.com\">Lakers<\/a>. Team chairman and controlling owner Mark Walter, as well as co-owner Todd Boehly, are purchasing 27 percent of the Lakers, <a href=\"https:\/\/www.sportico.com\/personalities\/owners\/2021\/dodgers-owners-boehly-walter-buy-anschutzs-lakers-stake-1234632824\/\">per Scott Soshnick of Sportico<\/a>.<\/p>\n<p id=\"94Zo6l\">This is the share of the team owned by Philip Anschutz, billionaire head of AEG, which owns Staples Center. Dan Woike of the Los Angeles Times <a href=\"https:\/\/www.latimes.com\/sports\/lakers\/story\/2021-06-25\/philip-anschutz-agrees-to-sell-his-stake-in-lakers\">confirmed that Anschutz was selling his ownership stake in the team<\/a>.<\/p>\n<p id=\"BhrH6T\">Per Soshnick, \u201cThe transaction values the Lakers at about $5 billion, according to two of the people, who were granted anonymity because the matter is private,\u201d which would mean the minority stake was sold for roughly $1.35 billion.<\/p>\n<p id=\"INHgwC\">The deal, if completed, would need to be approved by the NBA board of governors.<\/p>\n<p id=\"xTpcXI\">The Buss family owns a majority of the Lakers, with Jeanie Buss the team president and controlling owner. But should the family decide to sell, the right of first refusal would give Walter and Boehly the first chance to buy and gain controlling ownership.<\/p>\n<p id=\"LQ4Hrz\">Jerry Buss bought the Lakers and The Forum from Jack Kent Cooke in 1979, and owned the team until his death in 2013. That\u2019s when Jeanie Buss took over. Her brothers Jim and Johnny Buss <a href=\"https:\/\/www.sbnation.com\/nba\/2017\/3\/3\/14809058\/jeanie-buss-jim-buss-feud-lakers-ownership\">tried to oust Jeanie from the Lakers board of directors in 2017<\/a>, but a temporary restraining order thwarted the brothers\u2019 attempt, which was later withdrawn.<\/p>\n<div id=\"hEy9JQ\">\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Also worth noting. Anschutz had a seat on the Lakers board of directors. This became very relevant when Jim Buss tried to overthrow his sister, Jeanie Buss, a few years ago. Jeanie, prevailed. But it\u2019s unclear whether the Anschutz seat will transfer as well.<\/p>\n<p>\u2014 Ramona Shelburne (@ramonashelburne) <a href=\"https:\/\/twitter.com\/ramonashelburne\/status\/1408648068442968068?ref_src=twsrc%5Etfw\">June 26, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<p id=\"hkYGdc\">Walter and Boehly have been a part of Guggenheim Baseball Management group <a href=\"https:\/\/www.truebluela.com\/2012\/5\/1\/2991761\/dodgers-sale-completed-frank-mccourt-era-over\">that purchased the Dodgers in 2012<\/a> for <a href=\"https:\/\/www.truebluela.com\/2012\/3\/27\/2907578\/magic-johnson-purchase-dodgers-2-billion-frank-mccourt\">a then-record $2.15 billion<\/a>, a sale price that included Dodger Stadium and the land surrounding it. Boehly\u2019s exact stake in the Dodgers is unknown, <a href=\"https:\/\/www.barrons.com\/articles\/todd-boehly-profile-51555019627\">but Barron\u2019s reported it in 2019 as 20 percent of the team<\/a>.<\/p>\n<p id=\"Y7tcOx\">Walter and Boehly, along with several other Dodgers co-owners including Magic Johnson, <a href=\"https:\/\/www.swishappeal.com\/wnba\/2014\/2\/5\/5382766\/magic-johnson-dodgers-owner-buy-la-sparks-announcement\">also purchased the Los Angeles Sparks in 2014<\/a>.<\/p>\n<p id=\"Y7QFkE\">In March, <a href=\"https:\/\/www.forbes.com\/sites\/mikeozanian\/2021\/03\/26\/baseballs-most-valuable-teams-new-york-yankees-on-top-at-525-billion\/?sh=2cdb8b9dd5ef\">Forbes valued the Dodgers at $3.57 billion<\/a>, second in MLB only to the <a href=\"https:\/\/www.pinstripealley.com\/\">Yankees<\/a>. Sportico <a href=\"https:\/\/www.sportico.com\/valuations\/teams\/2021\/nba-valuations-data-viz-1234620502\/\">has the Lakers valued at $5.14 billion<\/a>, the third-highest in the NBA, behind the <a href=\"https:\/\/www.postingandtoasting.com\">Knicks<\/a> and Warriors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<h1 class=\"headline\">Philip Anschutz set to sell Lakers shares to two of the Dodgers\u2019 owners<\/h1>\n<div class=\"page-wrapper\">\n<div class=\"page-main-content\">\n<article class=\"story\">\n<div class=\"page-article-container\">\n<div class=\"page-article-body\">\n<div class=\"rich-text-article-body\">\n<div class=\"rich-text-article-body-content rich-text-body\">\n<p>The Los Angeles <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/lakers\" target=\"_blank\" rel=\"noopener\">Lakers<\/a> and <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/dodgers\" target=\"_blank\" rel=\"noopener\">the Dodgers<\/a> have long shared the marquee across the city\u2019s sports landscape. Now, they\u2019ll share even more.<\/p>\n<p>Two members of the Dodgers ownership group, chairman <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/dodgers\/la-sp-0824-dodgers-la-times-20130824-story.html\">Mark Walter<\/a> and co-owner Todd Boehly, are buying the largest minority ownership stake in the Lakers from AEG founder Phillip Anschutz, sources told The Times on Saturday.<\/p>\n<p>The Lakers declined to comment with the sale still not completed.<\/p>\n<p>The deal needs approval from the NBA\u2019s Board of Governors, the league\u2019s other owners, before it can be made official. That vote can be conducted remotely, a source said.<\/p>\n<div class=\"enhancement\" data-align-center=\"\">\n<div class=\"promo-wrapper\">\n<div class=\"promo-media\">\n<p>In 2012, <i>SportsBusiness Journal<\/i> named Anschutz the fifth most influential person in sports business in its annual survey of the &#8220;50 Most Influential People in Sports Business.&#8221;<sup id=\"cite_ref-22\" class=\"reference\"><\/sup><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>As part of the deal, Walter and Boehly will have the right of first refusal should <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/lakers\/story\/2021-05-13\/kobe-bryant-jeanie-buss-rob-pelinka-inside-stories\">Jeanie Buss<\/a> and the Buss family decide to sell the Lakers. Sportico, whichfirst reported on the sale, said the Lakers were valued at $5 billion during the deal.<\/p>\n<p>AEG chief executive Dan Beckerman told Sportico that the Lakers shares sale \u201cis part of some financial planning and redeployment of capital to other AEG projects and growth initiatives.\u201d<\/p>\n<p>Beckerman didn\u2019t immediately respond to an email seeking comment.<\/p>\n<p>Times owner <a class=\"link\" href=\"https:\/\/www.latimes.com\/entertainment-arts\/business\/story\/2021-02-19\/patrick-soon-shiong-affirms-commitment-to-the-los-angeles-times\">Patrick Soon-Shiong<\/a> is also a minority owner of the Lakers, owning less than 5% of the team\u2019s shares.<\/p>\n<p>Anschutz upped his investment in the Lakers in 2001, two years after the team moved into his building, Staples Center, in downtown Los Angeles. The Lakers last month agreed to <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/lakers\/story\/2021-05-27\/lakers-staples-center-lease-extension\">extend their lease at Staples Center<\/a> until 2041, assuring the team\u2019s partnership with AEG and Anschutz would continue despite the sale of his shares.<\/p>\n<p>As part of the lease agreement, \u201cnine figures\u201d worth of improvements to the building have been pledged. Staples Center is scheduled to lose one lessee, <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/clippers\" target=\"_blank\" rel=\"noopener\">the Clippers<\/a>, when the team moves to its own privately financed building in Inglewood in 2024.<\/p>\n<p>A source told The Times that Anschutz\u2019s sale of his Lakers shares will not affect his ownership of the Kings or Galaxy.<\/p>\n<p>Since the Walter-led Guggenheim Baseball Management group <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/la-xpm-2012-dec-15-la-sp-dodgers-guggenheim-20121216-story.html\">purchased the Dodgers in 2012<\/a>, he and his partners have been rumored to be actively shopping for more sports property in the city. When AEG was up for sale in 2012, Walter and Boehly were considered strong contenders as buyers before Anschutz decided not to sell.<\/p>\n<p>Since buying the Dodgers from Frank McCourt for $2 billion, the team has made eight postseason appearances and three trips to the World Series, winning the championship in 2020 for the first time since 1988.<\/p>\n<p>Walter, known to be relatively hidden during the season, delivered a lengthy celebration speech following the team\u2019s win against Tampa Bay in Texas.<\/p>\n<p>In addition to his role with the Dodgers, he chairs Guggenheim Partners, a financial investment company with about $315 billion of \u201cassets under management.\u201d Forbes estimates Walter\u2019s worth at $4.9 billion. Boehly, also an investment manager, owns a number of assets including the early publishing rights of the band, The Killers.<\/p>\n<p>Walter and Boehly are also among the owners of the Sparks.<\/p>\n<p>The Dodgers and the Lakers aren\u2019t strangers, having already been intertwined, whether through shared local TV distribution deals via Spectrum Sports or <a class=\"link\" href=\"https:\/\/www.latimes.com\/sports\/lakers\/story\/2021-05-15\/kobe-bryant-hall-of-fame-magic-johnson\">Magic Johnson\u2019s<\/a> involvement with the two franchises.<\/p>\n<p>In an interview with The Times in 2012, Boehly said the investment in sports had as much to do with broadcasting rights as anything else.<\/p>\n<p>\u201cThe only way to be relevant in this world, in my opinion, is to own live content that brings people together \u2014 not physically, but through networks,\u201d Boehly said. \u201cThat type of interactivity is programming that is extremely valuable. It\u2019s not like it\u2019s the box talking to you. And it\u2019s only going to get more interesting as the interactivity develops.\u201d<\/p>\n<p>Walter and Boehly\u2019s involvement as buyers came Saturday morning, with the first news of the sale breaking late Friday night.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<hr \/>\n<\/div>\n<\/article>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<footer class=\"page-footer\">\n<div class=\"page-footer-content\">\n<div class=\"page-footer-disclaimer\">\n<div class=\"Villain__FlexDiv-sc-1y12ps5-0 gixFmM\">\n<div class=\"Villain__MainColumn-sc-1y12ps5-1 bLmzZA\">\n<div class=\"Villain__Content-sc-1y12ps5-4 clbsrd\">\n<div class=\"Villain__TitleContainer-sc-1y12ps5-6 piQHT\">\n<h1 class=\"Heading__HeadingStyled-sc-1w5xk2o-0 eNGxoF Heading-sc-1w5xk2o-1 kQuiLM\">Report: Anschutz Sells Stake in Lakers to 2 Dodgers&#8217; Owners<\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21068\" src=\"https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PHILIP-LAKERS.jpg\" alt=\"\" width=\"259\" height=\"194\" \/><\/p>\n<\/div>\n<p class=\"Paragraph-sc-1iyax29-0 VillainArticle__Description-sc-1jwu552-1 jWibfh cuhDzl\">A published report says Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to two owners of the Dodgers.<\/p>\n<div class=\"Villain__FooterContainer-sc-1y12ps5-7 JemKV\">\n<div>\n<div>\n<div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>LOS ANGELES (AP) \u2014 Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to two owners of the Dodgers, according to a published report.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>Citing unidentified sources, the Los Angeles Times reported Saturday that the 81-year-old billionaire is selling his stake to Mark Walter and Todd Boehly, two of the Dodgers&#8217; owners.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>The transaction was first reported by Sportico, a website that covers sports business. It said that Walter&#8217;s and Boehly&#8217;s stake in the Lakers would be worth $1.35 billion, making them the largest minority ownership of the team. The Lakers are owned by the family of the late Jerry Buss.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>Anschutz also owns the NHL&#8217;s LA Kings and the LA Galaxy of Major League Soccer. His Anschutz Entertainment Group owns sports teams, events and venues, as well as entertainment venues.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>He owns a stake in Staples Center, home to the Lakers, Kings and Clippers. The Lakers recently extended their lease with the arena in downtown LA.<\/p>\n<\/div>\n<div class=\"Content-sc-837ada-0 knwMaV content\">\n<div id=\"usn-toc-content\" class=\"Article__ColumnsContainer-sc-1a6pffr-1 evUiVv\">\n<div id=\"main-column\" class=\"Article__CenterColumn-sc-1a6pffr-3 egenql\">\n<div id=\"ad-in-text-target\" class=\"Box-w0dun1-0 ArticleBody__ArticleBox-u2fa96-2 CYZBT bARLWo\">\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>In 2012, Anschutz put AEG up for sale, but took it off the market the following year.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>A spokesman for AEG declined comment Saturday.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>The sale needs approval from the NBA&#8217;s Board of Governors.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<p>Walter and Boehly are among the owners of the WNBA&#8217;s Los Angeles Sparks.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 jAwpMF\">\n<h1 id=\"firstHeading\" class=\"firstHeading\">Philip Anschutz<\/h1>\n<div class=\"noprint\"><\/div>\n<div id=\"bodyContent\" class=\"vector-body\">\n<div id=\"mw-content-text\" class=\"mw-body-content mw-content-ltr\" dir=\"ltr\" lang=\"en\">\n<div class=\"mw-parser-output\">\n<table class=\"infobox biography vcard\">\n<tbody>\n<tr>\n<th class=\"infobox-above\" colspan=\"2\">\n<div class=\"fn\">Philip Anschutz<\/div>\n<\/th>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Born<\/th>\n<td class=\"infobox-data\">\n<div class=\"nickname\">Philip Frederick Anschutz<\/div>\n<p>December 28, 1939<span class=\"noprint ForceAgeToShow\"> (age\u00a081)<\/span><\/p>\n<div class=\"birthplace\"><a title=\"Russell, Kansas\" href=\"https:\/\/en.wikipedia.org\/wiki\/Russell,_Kansas\">Russell, Kansas<\/a>, U.S.<\/div>\n<\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Alma\u00a0mater<\/th>\n<td class=\"infobox-data\"><a title=\"\" href=\"https:\/\/en.wikipedia.org\/wiki\/University_of_Kansas\">University of Kansas<\/a><\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Occupation<\/th>\n<td class=\"infobox-data role\">Businessman<\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Organization<\/th>\n<td class=\"infobox-data org\"><a title=\"Coachella Valley Music and Arts Festival\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Anschutz_Corporation\">The Anschutz Corporation<\/a><\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Net\u00a0worth<\/th>\n<td class=\"infobox-data\">US$10.4 billion (June 2021)<sup id=\"cite_ref-Forbes_profile_1-0\" class=\"reference\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Philip_Anschutz#cite_note-Forbes_profile-1\">[1]<\/a><\/sup><\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\"><span class=\"nowrap\">Spouse(s)<\/span><\/th>\n<td class=\"infobox-data\">Nancy Anschutz<\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Children<\/th>\n<td class=\"infobox-data\">3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Philip Frederick Anschutz<\/b> (<span class=\"rt-commentedText nowrap\"><span class=\"IPA nopopups noexcerpt\"><a title=\"Help:IPA\/English\" href=\"https:\/\/en.wikipedia.org\/wiki\/Help:IPA\/English\">\/<span title=\"\/\u02c8\/: primary stress follows\">\u02c8<\/span><span title=\"\/\u00e6\/: 'a' in 'bad'\">\u00e6<\/span><span title=\"'n' in 'nigh'\">n<\/span><span title=\"\/\u0283\/: 'sh' in 'shy'\">\u0283<\/span><span title=\"\/u\u02d0\/: 'oo' in 'goose'\">u\u02d0<\/span><span title=\"'t' in 'tie'\">t<\/span><span title=\"'s' in 'sigh'\">s<\/span>\/<\/a><\/span><\/span> <a title=\"Help:Pronunciation respelling key\" href=\"https:\/\/en.wikipedia.org\/wiki\/Help:Pronunciation_respelling_key\"><i title=\"English pronunciation respelling\">AN-shoots<\/i><\/a>; born December 28, 1939) is an American <a title=\"Billionaire\" href=\"https:\/\/en.wikipedia.org\/wiki\/Billionaire\">billionaire<\/a> businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. In 2004, he purchased the parent company of the Journal Newspapers, which under Anschutz&#8217;s direction became the right-wing tabloid <i><a title=\"Washington Examiner\" href=\"https:\/\/en.wikipedia.org\/wiki\/Washington_Examiner\">Washington Examiner<\/a><\/i>.<\/p>\n<p>Anschutz was born to Fred and Marian Pfister Anschutz, whose memorial donations established the <a title=\"Anschutz Family Foundation\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Family_Foundation\">Anschutz Family Foundation<\/a>, which has distributed over $50 million to various charitable causes.<\/p>\n<p>In 1961, he bought out his father&#8217;s oil drilling company, Circle A Drilling, and earned large returns in Wyoming. He invested in stocks, real estate and railroads. He expanded his investments to sports and entertainment companies, co-founding the American association football\/soccer league <a title=\"Major League Soccer\" href=\"https:\/\/en.wikipedia.org\/wiki\/Major_League_Soccer\">Major League Soccer<\/a> as well as multiple soccer teams, including the <a class=\"mw-redirect\" title=\"Los Angeles Galaxy\" href=\"https:\/\/en.wikipedia.org\/wiki\/Los_Angeles_Galaxy\">Los Angeles Galaxy<\/a>, <a class=\"mw-redirect\" title=\"Chicago Fire S.C.\" href=\"https:\/\/en.wikipedia.org\/wiki\/Chicago_Fire_S.C.\">Chicago Fire<\/a>, <a title=\"Colorado Rapids\" href=\"https:\/\/en.wikipedia.org\/wiki\/Colorado_Rapids\">Colorado Rapids<\/a>, <a class=\"mw-redirect\" title=\"Houston Dynamo\" href=\"https:\/\/en.wikipedia.org\/wiki\/Houston_Dynamo\">Houston Dynamo<\/a>, <a title=\"San Jose Earthquakes\" href=\"https:\/\/en.wikipedia.org\/wiki\/San_Jose_Earthquakes\">San Jose Earthquakes<\/a>, and the <a title=\"New York Red Bulls\" href=\"https:\/\/en.wikipedia.org\/wiki\/New_York_Red_Bulls\">New York\/New Jersey MetroStars<\/a>. Anschutz is the principal owner of the <a title=\"National Hockey League\" href=\"https:\/\/en.wikipedia.org\/wiki\/National_Hockey_League\">National Hockey League<\/a>&#8216;s <a title=\"Los Angeles Kings\" href=\"https:\/\/en.wikipedia.org\/wiki\/Los_Angeles_Kings\">Los Angeles Kings<\/a> and is a minority owner of the <a title=\"National Basketball Association\" href=\"https:\/\/en.wikipedia.org\/wiki\/National_Basketball_Association\">National Basketball Association<\/a>&#8216;s <a title=\"Los Angeles Lakers\" href=\"https:\/\/en.wikipedia.org\/wiki\/Los_Angeles_Lakers\">Los Angeles Lakers<\/a>. He also owns stakes in performance venues, including the <a title=\"Staples Center\" href=\"https:\/\/en.wikipedia.org\/wiki\/Staples_Center\">Staples Center<\/a>, <a class=\"mw-redirect\" title=\"The O2 Arena (London)\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_O2_Arena_(London)\">The O2, London<\/a>, and the <a title=\"Dignity Health Sports Park\" href=\"https:\/\/en.wikipedia.org\/wiki\/Dignity_Health_Sports_Park\">Dignity Health Sports Park<\/a>. Through his ownership of <a title=\"Walden Media\" href=\"https:\/\/en.wikipedia.org\/wiki\/Walden_Media\">Walden Media<\/a>, he has invested in films such as <i><a title=\"The Chronicles of Narnia\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Chronicles_of_Narnia\">The Chronicles of Narnia<\/a><\/i>, <a title=\"Ray (film)\" href=\"https:\/\/en.wikipedia.org\/wiki\/Ray_(film)\"><i>Ray<\/i><\/a>, and <a title=\"Joshua (2002 film)\" href=\"https:\/\/en.wikipedia.org\/wiki\/Joshua_(2002_film)\"><i>Joshua<\/i><\/a>. Through <a title=\"Anschutz Entertainment Group\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Entertainment_Group\">AEG Live<\/a>, he owns the <a title=\"\" href=\"https:\/\/en.wikipedia.org\/wiki\/Coachella_Valley_Music_and_Arts_Festival\">Coachella Valley Music and Arts Festival<\/a>, Sea Island Resorts and <a title=\"The Broadmoor\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Broadmoor\">The Broadmoor<\/a> hotel in Colorado. He is also the namesake of <a title=\"Anschutz Medical Campus\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Medical_Campus\">CU Anschutz<\/a>, the medical campus of the <a title=\"University of Colorado\" href=\"https:\/\/en.wikipedia.org\/wiki\/University_of_Colorado\">University of Colorado<\/a>.<\/p>\n<p>In 2020, <i><a title=\"Forbes\" href=\"https:\/\/en.wikipedia.org\/wiki\/Forbes\">Forbes<\/a><\/i> ranked him the 50th richest person in the United States, with an estimated net worth of $10.1 billion.<\/p>\n<h1 id=\"firstHeading\" class=\"firstHeading\">The Anschutz Corporation<\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21071\" src=\"https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PA-300x155.jpg\" alt=\"\" width=\"300\" height=\"155\" srcset=\"https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PA-300x155.jpg 300w, https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PA.jpg 312w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<div id=\"bodyContent\" class=\"vector-body\">\n<div id=\"mw-content-text\" class=\"mw-body-content mw-content-ltr\" dir=\"ltr\" lang=\"en\">\n<div class=\"mw-parser-output\">\n<table class=\"infobox vcard\">\n<caption class=\"infobox-title fn org\">The Anschutz Corporation<\/caption>\n<tbody>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Type<\/th>\n<td class=\"infobox-data category\"><a title=\"Privately held company\" href=\"https:\/\/en.wikipedia.org\/wiki\/Privately_held_company\">Private<\/a><\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Founded<\/th>\n<td class=\"infobox-data\">1958<span class=\"noprint\">; 63\u00a0years ago<\/span><\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Founder<\/th>\n<td class=\"infobox-data agent\">Fred Anschutz<\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Headquarters<\/th>\n<td class=\"infobox-data adr\">\n<div class=\"locality\"><a title=\"Denver\" href=\"https:\/\/en.wikipedia.org\/wiki\/Denver\">Denver<\/a>, <a title=\"Colorado\" href=\"https:\/\/en.wikipedia.org\/wiki\/Colorado\">Colorado<\/a><\/div>\n<p>,<\/p>\n<div class=\"country-name\"><a title=\"United States\" href=\"https:\/\/en.wikipedia.org\/wiki\/United_States\">United States<\/a><\/div>\n<\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Owner<\/th>\n<td class=\"infobox-data\"><a title=\"Philip Anschutz\" href=\"https:\/\/en.wikipedia.org\/wiki\/Philip_Anschutz\">Philip Anschutz<\/a><\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\"><a title=\"Subsidiary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Subsidiary\">Subsidiaries<\/a><\/th>\n<td class=\"infobox-data\"><a title=\"Anschutz Entertainment Group\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Entertainment_Group\">Anschutz Entertainment Group<\/a><br \/>\nClarity Media Group<br \/>\nThe Oklahoma Publishing Company<\/td>\n<\/tr>\n<tr>\n<th class=\"infobox-label\" scope=\"row\">Website<\/th>\n<td class=\"infobox-data\"><span class=\"url\"><a class=\"external text\" href=\"http:\/\/aegworldwide.com\" rel=\"nofollow\">aegworldwide<wbr \/>.com<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21071\" src=\"https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PA-300x155.jpg\" alt=\"\" width=\"300\" height=\"155\" srcset=\"https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PA-300x155.jpg 300w, https:\/\/myboysay.com\/blog\/wp-content\/uploads\/2021\/06\/PA.jpg 312w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><b>The Anschutz Corporation<\/b> is an American <a title=\"Privately held company\" href=\"https:\/\/en.wikipedia.org\/wiki\/Privately_held_company\">private<\/a> <a title=\"Holding company\" href=\"https:\/\/en.wikipedia.org\/wiki\/Holding_company\">holding company<\/a> headquartered in <a title=\"Denver\" href=\"https:\/\/en.wikipedia.org\/wiki\/Denver\">Denver<\/a>, Colorado, United States.<sup id=\"cite_ref-hist_1-0\" class=\"reference\"><\/sup> It was started during 1958 by Fred Anschutz, a <a title=\"Wildcatter\" href=\"https:\/\/en.wikipedia.org\/wiki\/Wildcatter\">wildcatter<\/a>, and the father of <a title=\"Philip Anschutz\" href=\"https:\/\/en.wikipedia.org\/wiki\/Philip_Anschutz\">Philip Anschutz<\/a>, who assumed control of the company in 1962.<\/p>\n<p>The Anschutz Corporation, and affiliates Anschutz Company and Anschutz Investment Company, are <a class=\"mw-redirect\" title=\"Legal personality\" href=\"https:\/\/en.wikipedia.org\/wiki\/Legal_personality\">vehicles<\/a> for the diversified investments for Anschutz;\u00a0 <sup id=\"cite_ref-hist_1-2\" class=\"reference\"><\/sup> the latter is a <a title=\"Venture capital\" href=\"https:\/\/en.wikipedia.org\/wiki\/Venture_capital\">venture capital<\/a> company with minority stakes in sectors such as mass media, entertainment, sports, telecommunications, energy, and transportation.\u00a0 Larger investments include <a title=\"Anschutz Entertainment Group\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Entertainment_Group\">Anschutz Entertainment Group<\/a> (AEG).\u00a0 The <a class=\"mw-redirect\" title=\"Regal Entertainment Group\" href=\"https:\/\/en.wikipedia.org\/wiki\/Regal_Entertainment_Group\">Regal Entertainment Group<\/a> (REG) was also owned by TAC until it was sold in 2018.\u00a0 The company is also the owner, through Clarity Media Group and The Oklahoma Publishing Company, of several media properties, including <i><a title=\"The Oklahoman\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Oklahoman\">The Oklahoman<\/a><\/i>, <a title=\"The Gazette (Colorado Springs)\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Gazette_(Colorado_Springs)\"><i>The Gazette<\/i> (of Colorado Springs)<\/a>, <i><a class=\"mw-redirect\" title=\"The Washington Examiner\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Washington_Examiner\">The Washington Examiner<\/a><\/i> and the now defunct <i><a title=\"The Weekly Standard\" href=\"https:\/\/en.wikipedia.org\/wiki\/The_Weekly_Standard\">The Weekly Standard<\/a><\/i>.<\/p>\n<h2><span id=\"Coachella_Music_Festival\" class=\"mw-headline\">Coachella Music Festival<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<p>The Anschutz Corporation runs and owns the <a title=\"Coachella Valley Music and Arts Festival\" href=\"https:\/\/en.wikipedia.org\/wiki\/Coachella_Valley_Music_and_Arts_Festival\">Coachella Music Festival<\/a> through its subsidiaries <a title=\"Anschutz Entertainment Group\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Entertainment_Group\">Anschutz Entertainment Group<\/a> and <a title=\"Anschutz Entertainment Group\" href=\"https:\/\/en.wikipedia.org\/wiki\/Anschutz_Entertainment_Group\">AEG Presents (formerly AEG Live)<\/a>.<sup id=\"cite_ref-6\" class=\"reference\"><\/sup><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Dodgers co-owners Mark Walter &amp; Todd Boehly to buy minority Lakers stake, per reports \u00a0 A pair of Dodgers co-owners are reportedly buying into the Lakers. Team chairman and controlling owner Mark Walter, as well as co-owner Todd Boehly, are purchasing 27 percent of the Lakers, per Scott Soshnick of Sportico. This is the share [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21066,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-21065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","et-has-post-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/21065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21065"}],"version-history":[{"count":0,"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/21065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/21066"}],"wp:attachment":[{"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myboysay.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}