AEG Unit Buyer Must Have Funds For $1.5B Stadium, CEO Says

Law360, New York (September 24, 2012, 7:20 PM EDT) -- The head of Anschutz Entertainment Group, which has been put up for sale, on Monday assured Los Angeles officials that the company will only consider buyers with the financial backing to complete its proposed $1.5 billion NFL stadium and that its top executives have signed new five-year contracts.

Fielding pointed queries at the city's last ad hoc committee meeting for the proposed stadium, Tim Leiweke, AEG's president and CEO, promised that any buyer would need the "financial wherewithal" to acquire the multibillion-dollar company, build the stadium...
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