CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: nba | pageType: stories | We bring sports news that matters to your inbox, to help you stay informed and get a winning edge. The Lakers won five of the clubs' 16 NBA championships in the 1980s while playing at the Forum before moving to the Staples Center in 1999. He was very involved with the first Staples store when it opened. Arena Company operates the Staples Center and is co-owned by the Anschutz Corporation and Edward P. Roski Jr., who also own the Kings. (Photo: Frederic J. Brown/AFP via Getty Images.) They also are working on a stadium deal near Staples Center to … ", Leiweke mentioned the prospect of an NFL team in a statement, saying, "The new owner will have the historic opportunity to benefit from AEG's strategy to reunite Los Angeles with the NFL, as AEG moves forward with its efforts to bring an NFL franchise to Farmers Field to be built at L.A. "This process represents a unique opportunity to maximize value for all concerned and will allow us to assure that, like the Anschutz Company, the new owner will have the financial resources, commitment and vision to support AEG's management team as it continues to grow the businesses of AEG and the power of its brands. Anschutz is extremely influential in Los Angeles and he owns a third of the Lakers. Since opening in October 1999, STAPLES Center has established itself as the sports and entertainment center of the world. The City of Angels is one of the global capitals for entertainment, so it’s no surprise that it’s home to a state-of-the-art performance venue like the Staples Center. AEG also was behind Farmers Field, a proposed $1.5 billion football stadium in downtown Los Angeles, which was in the final stages of being cleared for construction subject to the company attracting an NFL team back to the city. Since then, they still haven’t really had much success. August 11 - … Host to some of the city’s most important games, concerts and events, it’s a veritable destination in its own … AEG, owner of LA Kings, Staples arena, for sale, Doc's short-handed Sixers no match for Nuggets, Kawhi on latest collapse: Clips 'have to change', No fans for Raptors, Lightning amid virus surge, LaMelo flirts with triple-double, bests bro in win, Sources: Nuggets' MPJ (protocol) out indefinitely, Lakers without ailing Davis for Bulls matchup, Sources: Three Mavs out following positive test, Curry's 38 has Warriors in awe in comeback win, Bryant: From Kenosha to the U.S. Capitol, a new year brings the same old reminders, Lonzo vs. LaMelo: Opposite paths to the Ball brothers showdown, The Heat and Celtics don't look like Finals contenders yet, Updated rankings for H2H points, H2H categories and roto fantasy leagues, Updated fantasy basketball head-to-head categories rankings, NBA Power Rankings: Where surprise teams and struggling contenders check in, Former columnist and writer after five years with Sports Illustrated, Markazi has also written for Slam, King, Vibe and Playboy. Add alert CUSIP Number: 855030102; Top investors of Staples stock. Krush Groove Festival Featuring Ice Cube, Redman & Method Man, E-40, Too Short, DJ Quick & Suga Free, Paul Wall & Slim Thug, Tha Dogg Pound, Petey Pablo, Yung Joc . It hosted six playoff games in four days for its main tenants -- the NBA's Lakers and Clippers, and the NHL's Kings, who won their first Stanley Cup in June. Covering the impact of coronavirus on the sports world. Home to the Lakers, Clippers and Kings, the No. © 2004-2021 CBS Interactive. Information from The Associated Press was used in this report. So the sculpture rightfully belonged to him. Staples paid for naming rights. The arena opened on October 17, 1999. AEG is owned by the Anschutz Company, which is run by Denver billionaire Philip Anschutz. Staples Canada said highlights of the initiative include: New brand identity – The Working and Learning Company is the lens that drives every decision Staples Canada makes. The Los Angeles Staples Center is a multi-purpose sports arena located in the city's downtown area. According to Staples company lore, Stemberg was working on a business proposal over a holiday weekend when his printer ribbon broke. A sale of the whole company to one buyer is AEG's focus, according to a source within the company. It also owns arenas in Sweden, China and Australia. The Los Angeles Lakers basketball team announced over the weekend that the Staples Center, its home arena, will be serving as a voting center for the upcoming general election. If you have not found the answer you were looking for within our Help Center, feel free to contact us via one of the options below: Click to Chat with a Staples Expert Mon - Fri, 9 am - 8 pm ET Buy Tickets Parking Suites. Arash Markazi ESPN Senior Writer LOS ANGELES -- The Anschutz Entertainment Group, which owns the Los Angeles Kings, Los Angeles Galaxy and Staples Center, is … The NBA will play in teams’ own markets during the upcoming season, rather than a single site. AEG's assets also include L.A. Live, a 27-acre sports and entertainment district in downtown Los Angeles anchored by the Staples Center and Nokia Theater, which regularly hosts the X Games, ESPYS, MTV Video Music Awards, Grammys and movie premieres. Home to the Lakers, Clippers and Kings, the No. LOS ANGELES -- The Anschutz Entertainment Group, which owns the Los Angeles Kings, Los Angeles Galaxy and Staples Center, is being put up for sale, the company announced Tuesday. How do I get to the STAPLES Center using public transport? Based on our research, claims that Joe Biden's brother-in-law owns … It’s mostly known for hosting the Lakers and Clippers, but other teams call this place home as well. Arena Company to be partners in a proposed entertainment complex to be built at a later date near the arena. The Lakers and Clippers could soon have new landlords. The city, therefore, would have to … AEG also owns The O2 arena in London, which was used during the 2012 Summer Olympics. April 17, 2021 / 7:30PM. Anschutz also owns the Lakers’ and the Clippers’ home arena – The Staples Center. STAPLES Center It is home to four professional sports franchises -- The NBA’s Los Angeles Lakers and Los Angeles Clippers, the NHL’s LA Kings and the WNBA’s Los Angeles Sparks -- and annually hosts over 250 high profile national and international events such as NBA All-Star Games, NHL All-Star Games, World Figure Skating Championships, WWE, Disney on Ice and the last 16 GRAMMY® Award Shows. The location will be available to registered voters who live in the County of Los Angeles October 24 – November 2 from 10:00 am – 7:00 pm and, on Election Day, Tuesday, November 3, from 7:00 am – 8:00 pm. AEG owns the Staples Center, home to both of L.A.'s NBA teams and the NHL 's Los Angeles Kings. The Anschutz Entertainment Group is a flourishing company worldwide, which operates more than 100 arenas and concert venues worldwide. In a statement, the Anschutz Company announced it would 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." STAPLES Center Upcoming Events. The STAPLES Center Vote Center will be open to the public beginning Saturday, October 24. Philip Anschutz (who owns the Kings, Staples Center and one third of the Lakers through AEG) is worth an estimated $11.3 billion. The Los Angeles Lakers legend won his first of five titles at Staples Center in 2000, mere months after its grand opening. All Rights Reserved. Anschutz Entertainment Group is the owner. I have the commitment from both of them that this sale will not affect plans for an NFL team to return to Los Angeles in the near future and will not affect my support for moving ahead with Farmers Field and the Convention Center site. To assist the Anschutz Company and AEG in the sale process, the Anschutz Company has retained as financial advisors Blackstone Advisory Partners, which recently managed the auction of the Los Angeles Dodgers. Livedevelopment, it is located next to theLos Angeles Convention Centercomplex alongFigueroa Street. It owns Staples Center as well as arenas around the U.S. and worldwide and manages an even larger number of facilities. The entertainment Goliath behind Staples Center and the Los Angeles Kings has been put up for sale, a move that could reshape the face of sports ownership in Southern California. The Lakers have shared the Anschutz Entertainment Group-owned Staples Center with the Clippers and Kings since 1999. I'm in L.A. working on a story about entertainment and real estate company AEG, which owns the Staples Center and the adjacent L.A. Live complex (and is … The Staples Center made headlines in May when the Lakers, Clippers and Kings played a combined six home playoff games over a 4-day period. "As we look to the future, we will capitalize on our integrated business model to further grow AEG in key cities around the world," said Tim Leiweke, president and CEO of AEG. To be near Staples Center and L.A. Live, the stadium would have to be built where one of the Los Angeles Convention Center halls now stands. Opened in 1999, the Staples Center is among the world's busiest arenas. The company that owns Staples Center announced on Tuesday that it is putting the home of many of the Los Angeles based professional teams up for sale. AEG also owns and operates the Staples Center, which is home to the Kings, Lakers, Los Angeles Clippers and Los Angeles Sparks, as well as the Home Depot Center, which is home to the Galaxy and Chivas USA of Major League Soccer. The company that owns the Staples Center and the Los Angeles Kings announced late Tuesday it is being put up for sale, sparking a potential billion-dollar bidding war for some of the sports and entertainment world's glitziest properties.It's unclear how far along the process is or whether any likely buyers have emerged. "Given the success of the management team and employees in establishing AEG as one of the premier real estate development, live sports and entertainment platforms in the world, as well as the value AEG has created with the strategic assets that comprise its platform, this is an appropriate time to transition AEG to a new qualified owner," said Cannon Y. Harvey, president of the Anschutz Company. The building opened in 1999 and went on to host NBA All-Star Weekend in 2004 and 2011. AEG's ownership interests include the Kings, which recently won the Stanley Cup; the Galaxy, which recently won the MLS Cup; and a portion of the Los Angeles Lakers. If you’re accepted into the Staples Affiliate Program, the program lets your visitors choose from over 45,000 low–priced office products from a trusted, well–known brand name like Staples… For a dollar-by-dollar breakdown on Staples Center's annual revenue, click here. Staples Inc., the Framingham-based office supplies retailer, is no longer a public company after private equity firm Sycamore Partners said it completed its $6.9 billion acquisition of the company. Adjacent to theL.A. "After driving … 10:14 pm ET, Reports: AEG, owner of Staples Center, to go up for sale, Williamson scoring points at a historic rate, Report: Celtics' Tatum to enter 10-14 day quarantine, 76ers to suit up eight players against Nuggets, Kawhi: Clippers 'have to change' after loss to Dubs, Nets' Irving won't play Fri., status for Sun. Staples Center before a Clippers game, featuring the new hanging scoreboard. AEG owns the Staples Center, home to both of L.A.'s NBA teams and the NHL's Los Angeles Kings. The Anschutz Company has the highest confidence in AEG's potential and its management, and will only undertake a transaction that reflects this confidence.". The Staples Center is a multi-purpose arena in downtown Los Angeles, California, next to the Los Angeles Convention Center complex. In 2016, the Los Angeles City Council passed a resolution declaring August 24 to be Kobe Bryant Day in perpetuity, and the date was chosen based on the jersey numbers the player wore on his uniform with the basketball team. MSG purchased The Forum for $23.5 million in 2012. Event Starts 7:30 PM. Up to 19,067 can be seated at STAPLES Center sports events such as basketball ice hockey games, and around 20,000 for concerts or other sporting events. Description. uncertain. For a dollar-by-dollar breakdown on Staples Center's annual revenue, click here. Across the plaza from Leiweke’s office window is the entrance to Staples Center, home to the Lakers (partly owned by Philip Anschutz, the chairman of … Clippers, Kings, Lakers, Staples Center to pay event staff during coronavirus hiatus More than 2,800 hourly event staff who work games will receive compensation for … Who bought or sold Staples this quarter? who built or owns the Staples center in downtown Los Angeles? STAPLES Center has undoubtedly developed an unrivaled reputation for excellence having established itself as the Sports and Entertainment Center of the World. Staples Center is located in the west downtown area of Los Angeles and sits in the middle of the Grammy Museum and the Los Angeles Convention Center. Who owns the STAPLES Center? The Lakers reportedly signed a 25-year lease deal to play in the Staples Center in 1998. Event Starts 7:30 PM. Company that has stake in Lakers, owns Staples Center up for sale. It is owned and operated by the Arturo L.A. Arena Company and Anschutz Entertainment Group. It was financed privately and is named for the Staples office supply company. The Los Angeles Times reports that AEG, a subsidiary of the Anschuntz Co., is being put up for sale. Our rating: False. Who owns Staples? Patrick Soon-Shiong Staples Center, officially stylized asSTAPLES Center, is a multi-purposearenainDowntown Los Angeles. Staples Center has also been used for many other storied events since it was built in 1999. Buy Tickets Parking Suites. Outside of L.A., AEG owns Major League Soccer's Houston Dynamo and New York's Barclay's Center, the new home of the NBA's Brooklyn Nets. Krush Groove Festival Featuring Ice Cube, Redman & Method Man, E-40, Too Short, DJ Quick & Suga Free, Paul Wall & Slim Thug, Tha Dogg Pound, Petey Pablo, Yung Joc . "I have worked with both Philip Anschutz and Tim Leiweke for years to bring a football team to Los Angeles," Villaraigosa said. The Clippers moved into Staples Center in 1999 after a pair of abysmal seasons of 17-65 and 9-41 in the lockout shortened 1998-99 season. The Staples Center is often nicknamed the “House Kobe Built” because it opened in 1999, three years after the Los Angeles Lakers’ star player’s career began in 1996. "We will conduct this process in a manner that avoids disruption of the day-to-day operations of AEG and its constituencies. AEG was instrumental in the development of L.A. Live, a downtown entertainment district constructed around the Staples Center. There are no current stakeholders of Staples. It opened in 1999 as the home to both Los Angeles NBA Basketball teams and Los Angeles’ NHL hockey team. Arena Company andAnschutz Entertainment Group. The Lakers, Kings, Sparks and Taylor Swift, who owns the all-time Staples Center record for sold-out performances by an artist, have retired jerseys and banners in the rafters. Staples Center is the premier sports and concert venue in downtown Los Angeles. The Staples Center has been the venue for many iconic moments over the past two decades. The stadium is owned and operated by the Arturo L.A. Beginning twenty one years ago with Bruce Springsteen and the E Street Band’s opening night concert on October 17, 1999, more than 75 million guests have come to the AEG-owned and operated STAPLES Center to attend a schedule of … "Our sports properties and teams are only beginning to take advantage of international expansion.". AEG transformed the city's landscape with the building of Staples Center and the addition of the LA Live entertainment complex, helping to revitalize a long-neglected downtown and bring energy and several championships to its sports teams. The L.A. Perry said the move "arguably is very positive" because she suspected it could lead to an enthusiastic new partner anxious to get in on the city's NFL prospects. He was 41. Thousands of Kobe Bryant fans converge outside Staples Center to honor the former Lakers player who died Sunday, January 26, 2020 in a helicopter crash near Calabasas, Calif. 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