Skip navigation
Favorites
Sign up to follow your favorites on all your devices.
Sign up

Step right up to own the Kings

Alec Martinez

Alec Martinez #27 of the Los Angeles Kings holds up the Stanley Cup after the Kings defeated the New Jersey Devils 6-1 to win the Stanley Cup series 4-2 in Game Six of the 2012 Stanley Cup Final at Staples Center on June 11, 2012 in Los Angeles, California. (June 10, 2012 - Source: Bruce Bennett/Getty Images North America)

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.)