LOS ANGELES (CelebrityAccess MediaWire) -– AEG, has entered into an agreement with boxing promoter, Golden Boy Promotions to acquire ownership shares of the Los Angeles-based organization it was announced by Oscar De La Hoya, President of Golden Boy Promotions and Tim Leiweke, President & CEO, AEG.
The acquisition will make AEG the company’s second largest shareholder behind De La Hoya. AEG and De La Hoya have established other business partnerships including De La Hoya’s recent acquisition of ownership shares of Major League Soccer’s Houston Dynamo franchise owned by AEG.
"Having fought and promoted many successful championship fight cards in AEG-owned venues such as Staples Center and The Home Depot Center, I have developed a tremendous amount of respect both personally and professionally for how AEG does business, how they operate their facilities and the integrity they have consistently shown to me and my partners at Golden Boy Promotions," said De La Hoya. "Our new partnership will create so many new synergies from jointly promoting events in their arenas worldwide to exploring new ways to develop successful promotions built around our boxing shows taking place in their facilities. To Tim and Dan, on behalf of Richard and our partners, we look forward to many successful promotions together." – CelebrityAccess Staff Writers