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L.A. Now Live: Kings, Staples Center owner up for sale

September 19, 2012 |  8:34 am

AEG, the entertainment giant 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.

Times business reporter Walter Hamilton will be discussing news of the sale on L.A. Now Live and answering reader questions. The chat is scheduled for 9 a.m. Wednesday.

The Anschutz Co., run by Denver billionaire Philip Anschutz, announced late Tuesday that it is seeking a buyer for its AEG subsidiary. The sprawling entity owns and manages a wide range of sports and entertainment properties, including the L.A. Live complex, the L.A. Galaxy professional soccer team and a worldwide concert-promotion business.

AEG, which also has a minority stake in the Lakers, has been negotiating to build a football stadium in downtown Los Angeles in hopes of luring a professional team from another city. Those plans are expected to proceed.