Possible Kings investor Burkle also part of group aiming to buy AEG

[Warhawk]

OK, that is an interesting turn of events.....

Ron Burkle, the billionaire investor contemplating a bid to buy the Sacramento Kings and keep them in town, is also part of a group in the running to purchase arena conglomerate Anschutz Entertainment Group.Billboard magazine reported on its website that Burkle is teaming with Los Angeles investor Patrick Soon-Shiong and investment bank Goldman Sachs on a bid for AEG.

Read more here: http://www.sacbee.com/2013/02/01/5158335/possible-kings-investor-burkle.html#storylink=cpyOK, thatOK​

 

[upinsmoke]

Whoa!

#playtowin

 

[macadocious]

This has pretty big implications. AEG operates 9 of the NBA's arenas. I don't think the NBA is going to want to say no to the future owner of the company that owns 1/3 of their teams playing facilities.

 

[Jose]

This has pretty big implications. AEG operates 9 of the NBA's arenas. I don't think the NBA is going to want to say no to the future owner of the company that owns 1/3 of their teams playing facilities.

Or they may use it as an excuse to say NO, due to potential conflicts of interest...

 

[macadocious]

Or they may use it as an excuse to say NO, due to potential conflicts of interest...

LOL, are you one of the hidden Lakers fans on here too? There has been a precedent set, this is a good thing, if you think someone like Ron Burkle would venture into this if that were even a possibility, you are delusional.

 

[hrdboild]

Or they may use it as an excuse to say NO, due to potential conflicts of interest...

Well, Burkle did just have a one-on-one meeting with David Stern. I'm sure this was a topic of discussion.

 

[JB_kings]

Now getting a little clearer why Stern shows so much respect for Burkle. I'm sure Stern has known for a long time that Burkle was working on a bid.

Ownership of Lakers, LA Kings conflicts with Sac Kings and Penguins. They can probably be settled by Burkle's bid partner, Patrick Soon-Shiong's taking those ownership shares.

 

[Padrino]

interesting development, indeed...

 

[Section 101]

Or they may use it as an excuse to say NO, due to potential conflicts of interest...

Kinda hard to say that when they already own part of the Lakers and for the NHL the Kings. The only thing they would have to do is sell the Laker shares and the NHL Kings shares or Burkle would have to sell his Pittsburgh shares. He would have to do the NHL side anyways just to buy AEG.

 

[Jose]

LOL, are you one of the hidden Lakers fans on here too? There has been a precedent set, this is a good thing, if you think someone like Ron Burkle would venture into this if that were even a possibility, you are delusional.

No, not a Laker fan. I've been here since long before the great crash of 2004.

However, I don't look at news bits from one side only. What's good for the goose is good for the gander and any non-delusional (to use your term) person would be smart to consider all angles and implications. Not the same as the Lakers and NHL Kings. The difference here being that someone making a bid for AEG is also making a bid for the Kings. As someone else said, I'm sure Burkle will (or has) discussed this with Stern...

Carry on...

 

[Kingster]

This has pretty big implications. AEG operates 9 of the NBA's arenas. I don't think the NBA is going to want to say no to the future owner of the company that owns 1/3 of their teams playing facilities.

Just think of the possibilities. This is when the home team can accidentally on purpose have their lockeroom plumbing and electricity shut down...

 

[panda]

Kinda hard to say that when they already own part of the Lakers and for the NHL the Kings. The only thing they would have to do is sell the Laker shares and the NHL Kings shares or Burkle would have to sell his Pittsburgh shares. He would have to do the NHL side anyways just to buy AEG.

I don't think he would need to sell the Penguins actually. I know in the NHL, Rogers cable owns at least 2 arena's currently being used and the Flyers owner is head of ComCast that also own arenas as well as the NHL cable deal on NBC (which comcast also owns). Not sure about the Los Angeles teams, but the NHL might favor his arena bid as a benefit, much like Comcast.

How funny would it be if Burkle included the Lakers shares in the deal with the Maloofs tho

 

[whozit]

How funny would it be if Burkle included the Lakers shares in the deal with the Maloofs tho

I almost died laughing.

 

[Section 101]

I don't think he would need to sell the Penguins actually. I know in the NHL, Rogers cable owns at least 2 arena's currently being used and the Flyers owner is head of ComCast that also own arenas as well as the NHL cable deal on NBC (which comcast also owns). Not sure about the Los Angeles teams, but the NHL might favor his arena bid as a benefit, much like Comcast.

How funny would it be if Burkle included the Lakers shares in the deal with the Maloofs tho

You missed the point. AEG is an owner of the NHL Kings. He can't own parts of 2 teams.

 

[KingsFanSince85]

You missed the point. AEG is an owner of the NHL Kings. He can't own parts of 2 teams.

What makes you believe that? Paul Allen owns the Seahawks, Blazers and is part owner of the Sounders FC.

 

[Mr. S£im Citrus]

I think he meant two teams in the same sports league.

 

[Capt. Factorial]

You missed the point. AEG is an owner of the NHL Kings. He can't own parts of 2 teams.

I'd assume that he's got those contingencies worked out in the event he does acquire AEG, though.

 

[kennadog]

Very interesting. As they say, the plot thickens.

 

[Gilles]

I think conflict of interests is the reason it's rumored that Mastrov is the bidder on Kings, not Burkle.