Sprint Center Operator AEG Up for Sale
KANSAS CITY, Mo. — The company that manages the Sprint Center and a number of other sports facilities across the nation is up for sale.
The sale of the Denver-based Anschutz Entertainment Group (AEG), which is owned by billionaire KU-graduate Philip Anschutz, could be worth several billion dollars.
In addition to sports venue management, the company is also the second-largest concert promoter in the world, with venues that include the Staples Center in Los Angeles to the O2 stadium in London.
AEG invested over $53 million into the Sprint Center in exchange for a 35-year contract to manage and operate the arena, which opened in 2007. There is no word on how any potential sale would affect operations at the Sprint Center.
The company is now in talks with the NFL to bring a football franchise to Los Angeles in a still-unbuilt stadium set to be located near the Staples Center. The proposed sale could hinder those negotiations.