The Los Angeles Kings, along with the rest of Anschutz Entertainment Group’s holdings, are for sale.
“The Anschutz Company will undertake the sale to the qualified party best able to reflect the full value of AEG and fully committed to working with AEG’s management team as it pursues its long-term business objectives,” the company said Tuesday.
AEG also owns the Staples Center, where the Kings play, and the Los Angeles Galaxy of the MLS. (Plus a whole heap of other stuff.)
Blackstone Advisory Partners has been hired to guide the sale after managing the auction of the Los Angeles Dodgers, which sold for a record $2 billion in March.
In its most recent valuations, Forbes estimated the Kings were worth $232 million, the 10th highest of the 30 NHL clubs.
The Stanley Cup may tack on a few more million to that value.
(If you’re curious, Florio breaks down how this sale could affect L.A.’s bid for an NFL team.)