AEG Considers Selling Minority Stake In The Kings

LOS ANGELES (CelebrityAccess MediaWire) — AEG has reportedly begun exploring their options for the sale of a minority stage in the NHL team, the Los Angeles Kings, the LA Daily News reported.


According to the report, any potential deal under consideration would see AEG would retain control of the team. AEG is reportedly in negotiation with several parties, including Wycliffe Grousbeck, who's organization owns the NBA's Boston Celtics, however no deal is imminent.


AEG bought the LA Kings in 1995 after the team declared bankruptcy. They also own and operate the Staples Center, which serves as the franchise's home arena. – CelebrityAccess Staff Writers

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