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LA Galaxy's owner AEG to be sold

The parent company of the owner of LA Galaxy is set to sell their subsidiary.

Anschutz Co. will put AEG (Anschutz Entertainment Group) on the market meaning that the Galaxy could soon have a new primary owner.

Anschutz Co. have released a statement saying that it is now time to find a buyer for AEG but failed to state if there was a distinct timeframe for the shift in power to happen.

"Given the success of the management team and employees in establishing AEG as one of the premier real estate development, live sports and entertainment platforms in the world, as well as the value AEG has created with the strategic assets that comprise its platform, this is an appropriate time to transition AEG to a new qualified owner," Anschutz Co. president Cannon Y. Harvey said in a statement.

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Andrew Slevison
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Andrew Slevison

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