AEG, long a central player in the American soccer scene, is reportedly up for sale, according to multiple reports from across the country. Over the years, AEG has owned multiple Major League Soccer franchises, including the showpiece Los Angeles Galaxy, while retaining interests in concert venues, stadiums and concert promoter Live-Nation. The press release issued by the company states:
“The Anschutz Company and AEG, a wholly owned subsidiary of the Anschutz Company, today announced that the Anschutz Company is commencing a process to sell AEG. AEG is one of the most highly regarded worldwide live entertainment and sports platforms, anchored by a unique real estate model that has brought about a transformational effect on major cities throughout the world.” The release goes on to mention a number of AEG held properties, including the Galaxy. Given the value of the various components of AEG, the sale price will likely launch into the multi-billions of dollars.
US Soccer President Sunil Gulati spent some time with the New York Times discussing some big issues related to womens soccer in the United States. Of note from the business side is the ongoing effort to build a new soccer league in the United States. According to Gulati, he met with a group of investors interested in such a league, including current MLS investors. Per the article, the most interesting aspect of the meeting (other than the aggressive proposal to start this coming Spring), is the inclusion of the Canadian Federation in the discussions. Despite the increase in travel, the inclusion of Canadian sides could provide economic and attendance support for the league.
Finally, Philly Union rookie Amobi Okugo is now writing a blog for goal.com. Since the title suggests he will be covering the business side of soccer from a player’s perspective, it seems to be an appropriate link to send your way. Click here to read the first post.
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