AEG invests in De La Hoya

It's a partnership of Phil Anschutz's sports and entertainment company and the boxer's Golden Boy Promotions. The idea is to use AEG's assets (it owns or is affiliated with nearly 100 venues worldwide) and Golden Boy's roster of 50 fighters. From the LAT:

AEG Chairman Tim Leiweke said discussions of a possible union have been going on since De La Hoya fought Mosley at AEG's Staples Center in 2000. Schaefer said those negotiations intensified in the last few years. Earlier this year, De La Hoya bought a piece of Major League Soccer's Houston Dynamo franchise from AEG. And last week, it was announced that a seven-foot-tall bronze statue of De La Hoya would join those of Wayne Gretzky and Magic Johnson outside Staples Center. Leiweke celebrated the Golden Boy deal not only for the addition of De La Hoya to a sports-entertainment empire that includes Kobe Bryant and David Beckham but also because of his own enthusiasm for the sport.

There are no details on AEG's investment, other than it calls for a double-digit percentage of Golden Boy. Already, there are plans to have Golden Boy's David Haye fight at AEG's O2 Arena in London later this year. De La Hoya started the company in 2001.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook