Anschutz To Sell Unit Behind $1.5B NFL Stadium Project

Law360, New York (September 19, 2012, 3:02 PM EDT) -- Billionaire Philip Anschutz's company announced Tuesday that it was looking to sell Anschutz Entertainment Group, its business arm that owns several sports and entertainment venues and is currently at the helm of a $1.5 billion football stadium proposal in Los Angeles.

Anschutz Co. has hired Blackstone Advisory Partners, the firm that recently helped auction off the L.A. Dodgers, to find an appropriate buyer for AEG, it said. The news comes amid he last leg of city approval for AEG's proposed development of Farmers Field stadium, raising...
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