AEG is for sale, and why I think it's Karma for its owner for his maltreatment of Michael Jackson

144000

Proud Member
Joined
Jul 25, 2011
Messages
10,310
Points
0
Location
united states
http://finance.yahoo.com/news/anschutz-company-aeg-commence-sale-012600168.html

DENVER & LOS ANGELES--(BUSINESS WIRE)--
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 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. With this unique international platform, the new owner of AEG will be able to capitalize on the growing global demand and value of live sports and entertainment content linked to important real estate developments on a worldwide basis.

AEG’s exceptional network of strategically integrated real estate, sports and entertainment assets in key world markets has transformed the business model of live entertainment and sports - and positively impacted whole cities in the process. AEG delivers growth and profitability through its unique combination of venues, content, distribution and services, covering all aspects of production, including content development and ownership, talent management, promotion, ticketing, marketing, and distribution.

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.

Cannon Y. Harvey, President of the Anschutz Company, noted “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. 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. We will conduct this process in a manner that avoids disruption of the day-to-day operations of AEG and its constituencies. The Anschutz Company has the highest confidence in AEG’s potential and its management, and will only undertake a transaction that reflects this confidence.”

Tim Leiweke, President and Chief Executive Officer of AEG, stated, “AEG is a proven innovator in real estate, sports and live entertainment, and is at the forefront of shaping the dynamics of these industries. Live entertainment is the economic driver of the music industry, and fan participation and experience are the cornerstones of professional sports – our platform regularly brings fans, sponsors and world-class talent together to create unparalleled opportunities in both segments. AEG’s model drives significant value and growth across all of our assets by enhancing the overall experience for audiences, artists and teams, as well as bringing tangible benefits to our partners, ranging from sponsors to municipalities, across the globe. With the AEG platform, we are able to successfully undertake transformational projects that revolutionize markets by creating true entertainment destinations for consumers, while positively regenerating neighborhoods through projects such as L.A. LIVE in Los Angeles and The O2 in London.”

Among AEG’s world class assets are:
• Unparalleled real estate assets, including the L.A. LIVE campus anchored by the Staples Center and Nokia Theater in Los Angeles and The O2 in London, which strategically position AEG in the world’s most important cities for entertainment and music. Additionally, AEG owns and operates “must-play” venues in major entertainment hubs, welcoming over 42 million fans annually to a network of more than 100 arenas, stadiums and clubs in countries on five continents;
• AEG’s ownership interests in a number of the world’s most storied sports franchises and their related brands, including the 2012 Stanley Cup Champion Los Angeles Kings, the David Beckham-led L.A. Galaxy and the 16 times World Champion Los Angeles Lakers that deliver dedicated fan bases to sponsors and partners; and
• AEG Live, which produces top tours, festivals and special events, including the acclaimed Coachella Music & Arts Festival, Stagecoach and New Orleans Jazz & Heritage Festival. AEG Live encompasses all aspects of live contemporary music performance, such as touring, festival, broadcast, merchandise and special events, and owns, operates or exclusively books 35 venues.

Mr. Leiweke emphasized, “Our properties form a virtuous circle of AEG’s leading content, distribution, retail and service businesses, which constantly reinforces the value proposition of our platform and uniquely positions us to execute new, world-class projects that no other company can imagine or attempt. As we look to the future, we will capitalize on our integrated business model to further grow AEG in key cities around the world. Our sports properties and teams are only beginning to take advantage of international expansion, and new growth vehicles such as AXS Ticketing, AXS TV and the real estate holdings associated with our venues have the potential to further accelerate our growth. And of course, 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. LIVE.”

About AEG:
AEG is one of the leading sports and entertainment companies in the world with a network of over 120 owned, operated and programmed venues around the world. AEG is a wholly owned subsidiary of the Anschutz Company. AEG owns or operates many of the world's preeminent entertainment venues such as STAPLES Center (Los Angeles, CA), The O2 (London, UK), The Home Depot Center (Carson, CA), Best Buy Theater (Times Square, New York), Sprint Center, (Kansas City), O2 World (Berlin, Germany), Rose Garden Arena (Portland, OR), Target Center (Minneapolis, MN), Mercedes-Benz Arena (Shanghai, China), MasterCard Center (Beijing, China), O2 World Hamburg (Hamburg, Germany), Allphones Arena (Sydney, Australia) and the Ericsson Globe Arena (Stockholm, Sweden). Developed by AEG, L.A. LIVE is a 4 million square foot downtown Los Angeles sports, residential and entertainment district featuring Nokia Theatre L.A. LIVE and Club Nokia, a 54-story, 1001-room convention "headquarters" destination anchored by The Ritz-Carlton & JW Marriott Hotel at L.A., the Ritz-Carlton Residences at L.A. LIVE and Wolfgang Puck’s flagship restaurant WP 24, along with entertainment, restaurant and office space. In addition to overseeing a privately held interest in the Los Angeles Lakers (NBA), assets of AEG Sports include franchises and properties such as the Stanley Cup Champion Los Angeles Kings (NHL), MLS Cup Champion L.A. Galaxy, two hockey franchises in Europe, the Amgen Tour of California cycling race and Zazzle Bay to Breakers foot race. AEG Live, the company's live-entertainment division, is the world's second largest concert promotion and touring company and is comprised of touring, festival, exhibition, broadcast, merchandise and special event divisions with fifteen regional offices. AEG Global Partnerships, a division responsible for worldwide sales and servicing of sponsorships, naming rights and other strategic partnerships, and AEG Merchandising, a multi-faceted merchandising company, are also core business units of AEG. 2011 brought the launch of AXS.com, AEG’s ticketing and e-commerce platform, the first phase of AEG’s new entertainment platform that will be the company's primary consumer brand and will also feature mobile services as well as a video content services now in development.

For additional information, visit www.AEGworldwide.com.
 
Re: AEG for sale.

This for some reason makes me :rofl:
Serves them right :beee:
 
Re: AEG for sale.

me too.:) so..let's think about it. Media says Sony and AEG profited from This Is It. well..AEG is being sold, so something doesn't add up. The reality is, Michael set up Paris and his other kids for life..and, Michael alone. But the media doesn't want to admit that. The reality is, the money always ends up in the hands of the just>>.Michael...and it slips through the fingers of the unjust.>>.AEG...Sony.
And the music catalogues? Still in the Michael trust fund. AEG threats turned out to be empty, along with their pockets. The supposed billionaire Aunswitch.or..whatever his name is, apparently needs a LOT of liquid funds. hmm. The whole city of Los Angeles is worried if they'll have this company to do business with.
Well.Los Angeles and AEG.what's left of it.deserve each other. Corrupt bedfellows with money deserve to be broke. L.A. is already there. Now AEG is right along with them. I remember L.A. not wanting to help with that memorial for MJ.
What goes around, comes around.
 
Last edited:
Re: AEG for sale.

Maybe now the Jackson's will get the settlement they were hoping for and go away. The settlement may be enough to pay the broke brothers outstanding debts. Let the brothers tour the casino circuit to pay their current bills.
 
Re: AEG for sale.

Not really sure if this is news we should be happy about? I mean....were they really that..'evil' ?

Well..the question is, were the threats that AEG made, necessary? If a person wants somebody to do something..at least..ask..don't threaten. That's the premise to the answer to your question.

not that this may start another thread within a thread, but Michael didn't want to tour. He didn't have to. He made that final in 2003 in those PHM's. None of this mess would be, if he wasn't pressured into something he didn't want. If the owner of AEG was so well off, he wouldn't beg, demand, pressure, and threaten Michael into something he didn't have to do. AEG threatened to take the catalogue if he didn't meet their demands. And, yes, the other Jackson brothers wanted the tour too.
Michael was brilliant, and wanted to raise his kids. Nobody should be forced to do something they don't want, or have to do. Nobody should be pressured to the point of a breakdown. Nobody.

Even if Michael took time off..as, apparently, he expressed in that bad 25 song, people would think 'is he dead?" It takes patience to put one's self behind the needs of another, but it's a good practice..a selfless one.
Michael was successful. Michael was worth trusting.
But AEG was desperate, greedy, and too in love with money..and yes....that is evil. Loving money is evil. Having it is not, but Loving it, is. there is a difference.
If they're not desperate, they won't beg, demand or threaten another. They would have no reason to. But AEG did. They are not saints.

And, anybody who uses a threat against Michael's catalogue..to take it from him, for ANY reason, is evil, IMO. Michael did nothing to warrant any threats against him, financially. He had assets. He never begged anyone for anything. People always wanted in on HIS racket. Not the other way around.

He had room for charity. Michael was good.
If they wanted something so badly, it's because THEY were lacking. They were the culprits..not Michael.
 
Last edited:
Re: AEG for sale.

WHY would AEG go out of busuness, would it have something to do with the Jackson's Lawsuit?
 
Re: AEG for sale.

WHY would AEG go out of busuness, would it have something to do with the Jackson's Lawsuit?
It has nothing to do with the lawsuit. It is a big successful company. They want to expand but they keep being stopped by political schennanigans and special interests. They may find it easier to do business in their home country. The city of Los Angeles is broke and greedy. The city knows that AEG is the only reason most people come to downtown LA. Yet the city keeps demanding more and more from the company that they are not responsible for, such as new streets and traffic studies, they want subsudies for housing and additional businesses. They are just tired of being pushed around and being unappreciated.
 
Re: AEG for sale.

It has nothing to do with the lawsuit. It is a big successful company. They want to expand but they keep being stopped by political schennanigans and special interests. They may find it easier to do business in their home country. The city of Los Angeles is broke and greedy. The city knows that AEG is the only reason most people come to downtown LA. Yet the city keeps demanding more and more from the company that they are not responsible for, such as new streets and traffic studies, they want subsudies for housing and additional businesses. They are just tired of being pushed around and being unappreciated.

Whether or not they are truly successful is up for debate. Karma is a b. They pushed Michael around and he was unappreciated, along with others who did the same. Anybody who does the pushing around and non appreciating can be called a beggar, and broke. and why is it that with all the pushing around and being unappreciated that Michael was a victim of, why didn't he sell his financial empire?

and as far as people coming to downtown or any part of los angeles..i am no supporter of los angeles, but the main reason that people travel to los angeles or downtown, is the lakers basketball team. they were always a draw, and would draw people whether or not there was an aeg.
 
Last edited:
Re: AEG for sale.

Well, that sounded like a grandiose sales pitch to me. Buyers' beware.
 
Re: AEG for sale.

I wonder if the big A is in real financial trouble, will the media report it? or hide it? right now, they flatter him, way too much. never a good sign for the one being flattered.
 
Guys AEG isn't going out of business or this is not Karma. AEG is worth billions of dollars and the owner is just trying to sell the company and move on to other stuff - mainly hotels. He has tried to sell the company before and he's going to make billions if the sale happens.

Read the bellow Forbes article

Phil Anschutz To Glean Billions In Sale Of Entertainment Group


Entertainment giant AEG announced last night that it has put itself up for sale. When the bidding process, to be handled by Blackstone Group, comes to fruition, it will mean another multi-billion-dollar payday for Forbes 400 stalwart Phil Anschutz, and will rearrange the face of America’s sports and entertainment industries.

Potential buyers include the billionaire Dolan family, which controls publicly traded MSG (Madison Square Garden) and the New York Knicks. Also TV giant Comcast, which owns venue-operator Spectacor, NBC, and would also be keen to leverage AEG’s new music-focused AXS cable channel. Furthermore, Patrick Soon-Shiong, the biotech tycoon (net worth $7.3 billion) who made a failed bid for the L.A. Dodgers, has reportedly said he’s interested in making a deal.

Whoever steps up will need deep pockets. The Dodgers eventually sold for $2 billion. AEG’s buildings alone are worth more than that, and constitute a big part of Anschutz’ estimated $7.6 billion fortune.

Anschutz, 72, began building Anschutz Entertainment Group (AEG) more than a decade ago with the construction of L.A.’s Staples Center. The arena has become the beloved home of the L.A. Lakers (of which Anschutz owns a third outside of AEG) as well as the L.A. Kings hockey team (which AEG owns). AEG insiders have told me that the company has turned down offers of more than $1 billion for Staples Center alone.

But sporting events can’t fill Staples every night of the year, so AEG plunged into the business of music promotion to keep the seats filled. In recent years AEG has grown into head-to-head competition for Live Nation, representing and promoting acts like Justin Beiber, Taylor Swift, Jon Bon Jovi, Jennifer Lopez and countless more.

AEG, under the leadership of Tim Lieweke, was quick to see the synergistic potential of owning and managing venues then booking its own acts to those venues. AEG has built or bought a dozen giant concert venues across the country and around the world (like the legendary O2 in London) and has entered into long-term contracts to manage and fill dozens more (like the Mercedes-Benz Center in Shanghai and the Oakland Coliseum). All told, AEG controls 120 properties worldwide.

But the company’s focus continues to be L.A. Around the Staples Center, AEG now controls a massive entertainment complex called L.A. Live, which features the Nokia Theatre, ESPN Studios, dozens of bars and restaurants, a J.W. Marriott Hotel and Ritz Carlton condos. If a music act isn’t big enough to sell out Staples, it may be just the right fit for the Nokia.

For two years AEG has been angling to expand L.A. Live even more. The vision is to knock down the aging L.A. convention center, adjacent to Staples, and replace it with a stadium to be called Farmers Field. But before building Farmers AEG has to have a football team to fill it. While securing the permits to build the field, Lieweke and Anschutz have been seeking an NFL team to buy and relocate. This ain’t easy.

They’ve also been building more layers of synergy into the AEG empire. For a generation, if fans wanted to go to the Jon Bon Jovi concert they would have to buy their tickets through Ticketmaster and pay a bevy of fees added on top of the ticket price. After arch-rival Live Nation bought Ticketmaster in 2010, AEG moved to build its own ticketing service, now called AXS Ticketing. It makes perfect sense to control your own ticketing when your events bring in 42 million spectators a year. AXS is already taking transactions away from Ticketmaster.

This year AEG also launched a new cable TV channel, called AXS. In partnership with billionaire Mark Cuban and Ryan Seacrest, they rebranded Cuban’s HDnet channel to broadcast music concerts, featuring AEG artists performing in AEG venues.

CEO Leiweke refers to these synergies as a “virtuous circle.”

It’s hard to figure just what AEG is worth — Anschutz is notoriously private — but AEG revenues are estimated to be on the order of $3 billion a year. Considering the high-profile and proven profitability of Staples Center and London’s O2, those venues alone could be worth $1 billion each. The rest of L.A. Live cost more than $1 billion to build, and the AEG events promotion and artist-management business is likely worth in excess of $500 million. Considering Anschutz’ legendary aversion to debt, he could easily glean $3 billion in cash from a sale, and perhaps much more.

Why sell now? I’ve put in requests to talk to Lieweke and Anschutz to ask that. There’s no reason to believe Anschutz is in financial distress. More likely he figures now is the time to harvest some of the value he’s created. Throughout his storied career Anschutz has shown an admirable ability to not get too attached to businesses. Over the years he’s built and sold Union Pacific railroad, Qwest Communications, oil and gas fields across the country, the Examiner newspapers and more.

In recent years he’s shown increased interest in acquiring unique hotels and lodging assets, like Xanterra, which owns and operates hotels inside our national parks. Earlier this year he bought the Broadmoor, a majestic hotel in Colorado with more than 700 rooms. He also inaugurated a new museum in Denver to house his collection of 300 western masterpieces by the likes of Remington, Bierstadt, Russell and Catlin — likely the best set in the world.

Just don’t expect Anschutz to ride off into the sunset. On his Overland Trail ranch in Wyoming, he has a vision to build one of the world’s biggest wind projects. Putting up 1,000 turbines and transmission lines will cost about as many billions as he’ll get for AEG. Check out my 2010 Forbes cover story — Phil Anschutz: The Man Behind The Curtain.

http://www.forbes.com/sites/christo...an-billions-in-sale-of-entertainment-group/2/
 
Re: AEG for sale.

it's speculation, Ivy. It's the media. Nobody has bought anything, yet. They said he's GOING to make biillions, and yet, they haven't even found a buyer. I guess they have a crystal ball and can fortell the future.
...Just because you read it in a magazine or see it on the tv screen.......

If you read the article in context, the only line that is a report, is the first one. the rest are stories of glory days. It reads like an editorial.

If you need what you would consider a more salient voice, perhaps you should have listened to Los Angeles radio, throughout the day, today. Even his most ardent supporters, who know the reports of his history, thought the announcement, and the way it was done, to be odd.

I am hard pressed to believe reports that contain paragraphs that fortell the future of an individual, based on whether or not, the media likes them. Every report about Michael was like that, and the crystal ball always spoke of financial doom. Now, every report about the A in AEG contains 75 percent fortelling the financial future..and it's all sunshine rainbows and lollipops.

Right now, the city of Los Angeles claims to be broke, and all this AEG real estate is smack dab in the middle of Los Angeles.

Riddle me this, Batman.
 
Last edited:
Re: AEG for sale.

Interesting. Can't say I'm too happy with them, but I consider the trial, media hounding, and behaviour of people like the Jacksons as being more responsible for his death than anything else. It'll be interesting to see what becomes of AEG, I guess.
 
Re: AEG for sale.

uhmm research is your best friend. AEG is the second biggest entertainment company after Live Nation. Live Nation is a publicly traded company and they show over $ 5 billion in revenues and over $1 billion in property assets. As the second biggest entertainment company $3 billion in revenues and assets valued in billions is normal - not a speculation if it's backed up with logical claims.

Ranking of Philip Anschutz as the $ 7 billion net worth and one of the top 50 riches person of US isn't speculation either. It's based on business events such as when he sold his oil shares for $3 billion in 2010. And actually Philip Anschutz is known for selling his businesses at the peak of performance and make billions from the sale.

So I don't think it's a speculation that Philip Anschutz is pretty well off and the sale has nothing to do with any financial problems. His net worth and his business sale habits clearly demonstrate this. so don't go and celebrate AEG's demise yet.
 
Re: AEG for sale.

If it is ok for you to speculate under any circumstance, then I can start my celebration under this circumstance. So what, about his past. Your research is still media reports, as is everything we read. And it's still all sprinkled with praise. Like I said, two different people could have the same net worth, and one receives a glowing report, and the other..not...depending on whether or not the media likes them. And...the media has admitted that. I listen to sports talk radio, everyday. So, i'll take my chances.

I've been here in Los Angeles, for a while, and I've heard the media give the seal of approval to many..the vote of confidence..which is what your link/article contains, and the follow up has been riddled with firings and such, of many individuals.
The sports talk radio shows I listen to, used to give a guy named Frank McCourt, glowing praise, and he owned the most storied franchise in major league baseball. The Los Angeles Dodgers. Three years later, he was bankrupt, and dealing with a divorce. Now the same media hates him, and says nothing but bad things about him, yet he still owns the parking lots around the Dodger Stadium.

Another baseball owner, which the media started out hating, was named George Steinbrinner. He bought the Yankees..that other storied baseball franchise. There was never a glowing report about him. There was just statements about him being a tyrant, and always losing a lot of money, and trying to buy championships. Now that he is gone, the sports media broadcasts more of the games of that franchise than any other team, and the Los Angeles media wants their next owner to be the next George Steinbrinner.

So, i'll take my chances with my assessment of someone getting too much praise.

and speculating based upon a sale is still speculating. You used terms such as 'over'(over x billion), but no absolute figure, so you are still speculating.

and what is your definition of 'logical'? Is that based on who gives the report?

And you spoke of Live Nation as being public traded, but i'm not discussing Live Nation.

And why is it that if AEG is so palitable, the NFL...the nations most popular sports league is so trepidatious about bringing a team to AEG in Los Angeles, which is America's second most popular city? Without fail, normally, everytime the NFL sees big dollar signs, they jump on a project. And AEG and Los Angeles have been at it for five years(during which time AEG was riding Michael's back, trying to force him to perform), and they have made no headway. The NFL has moved teams much faster into much less popular cities in the USA, without hestitation.

If he's so financially attractive, why hasn't Mr. AEG found a bidder in private? Why not, quickly? How many has he gone to, before deciding to make this oh so public announcement? How much is he looking for? More than anyone is willing to give? This is what the radio talk show hosts asked, today. Good questions.

They call it the dreaded 'vote of confidence' in sports media. That's what one gets before the other shoe drops. That's what AEG is getting, now.

There has been a guy who is claimed to be the richest guy in los angeles, whom the sports media says is interested. So why hasn't he bought it already? Why the long and drawn out public talk and praise of Mr. AEG by this richest guy in los angeles? The last time this talk happened, was when someone wanted to buy the New York Mets. They bought it, then resold it, to get out from under it, fast. As far as naming these other names, they are too hard for me to pronounce, and my vision is impaired, but if you want to look up the recent histories of these sports teams, please be my guest.
 
Last edited:
Re: AEG for sale.

Look whether Anschutz gets $3 or $3 Million or $3 Billion for the sale is totally irrelevant. Whether the sale even happens or doesn't happen is totally irrelevant. Who cares if they are exaggerating about Anschutz?

On the first page you and other people are celebrating the karma and the sale as if it's a bad thing. The reality is that you have no evidence if that's the case. You are actually speculating and think that this is a good thing such as AEG is going under and they are paying for what they did to Michael. Again there's no information to support this.

You have Anschutz who is one of the richest men in US, you have AEG which happens to be 2nd biggest entertainment company, you have older reports how they made profit in the last years. There's nothing to show that they have any financial problems whatsoever. You out of the blue speculate that he must be needing liquid funds which again comes nothing but from your own speculation. Again you have a guy who has been paid $3 billion dollars 2 years ago as well as a guy that has plans for a $1.5 billion sport complex. He's not hurting for money.

So yeah you are taking your chances and heavily speculating that this reported sale is good news and karma and that they are paying for what they did to Michael. There's absolutely nothing to support that this is a bad thing for AEG.

Also you look funny when you say "it's media" and then ask "what is your definition of 'logical'? Is that based on who gives the report?" and totally ignore what you are doing. In the same message that you discredit Forbes as "it's the media" you mention the sport radio you listen. What do you think that it? Yeah it's the media too. So you have a selective media approach.

And finally you apparently know nothing about business sale, bids etc and how long it takes to finish a sale. A company that one of my relatives were working is recently sold and it took over 1.5 years. First they announced the sale (because if you don't announce it no one would know that the company is up for sale) , took initial offers for 3 months (because finding one buyer in private isn't good enough, companies prefer to have many people bidding), then spent 2 months to evaluate them and select front runners (the advantage of many bidders is that you can select the best), then they opened the books to these interested parties (because no one pays millions of dollars for a company without examining their financials, assets, worth, revenue capacity), they negotiated back and forth again for months (on things such as current employees etc) , then the sale happened and then the transfer from one owner to the other took 6 months (transition period). That's how a company sale happens.

So if you or this sports guy think a company sale would happen like "I'm selling my company, I'll buy your company there you go" in 2 days and in private perhaps you should stop listening to the sport radio and start reading business magazines to have a more realistic approach to how the business is handled.
 
Re: AEG for sale.

And let me post some pieces from a recent LA Times article which actually says what I wrote

A "healthy number" of potential bidders already have expressed interest since the sale was announced Tuesday, including wealthy individuals, private equity firms, foreign-government investment funds and pension plans, said a person familiar with the matter.

see? You announce it to get a lot of bidders

AEG has indicated privately that it expects to sell for $5 billion to $7 billion, but no official price has been set.

yes this could be classified as speculation but they expect to make money

In coming weeks, potential buyers are to receive key financial information about AEG and its assets. Competitors will be vetted in coming months by AEG's banker on the deal, Wall Street giant Blackstone Group, which also helped orchestrate the Dodgers sale.

see? then they get information and it'll take months to evaluate them

Blackstone and Anschutz expect to have a deal in place by the first half of next year.

see? they are giving themselves up to 9 months to make a deal, then probably there would be a transition period.

Anschutz Co. said the sale fits its business strategy of building successful companies and then selling them when the time is right.

again the proof. Anschutz's past such as the $3 billion sale of the oil company 2 years ago, he is INDEED known for building and selling companies at their peak.

http://www.latimes.com/business/la-fi-aeg-buyers-20120920,0,2927322,full.story
 
Re: AEG for sale.

Thank you, Ivy for your rational insight.

Not everything is about Michael.

And we have to be careful when talking about karma. Some people consider it karma that Michael died the way he did, since he got away with molesting young boys. Just saying ...
 
Re: AEG for sale.

as far as your answer, chosen one, you still don't know all the details about Michael. Nobody does.

the definition of 'rational' varies, person to person. Society's mantra today, which they consider rational...'perception is reality'.

Ivy, you still didn't address my question. Your post still subscribes to speculation. Until you have an ultimate result for me, you haven't answered the question.

Once again, i will repeat myself.

Today, on this site, nobody would not want to be on the other end of the transaction of Bad 25. No matter what anybody thinks of it, the operative word for today, and i do mean the present moment, is..'kaching'. I've seen all the proof i need, here. I see individual fans confirming their purchase. I'd love to be a merchant on the other end of these transactions. The only true evidence and proof presented, in this thread, so far about the subject matter of this topic.

As far as Mr.AEG...for those who live in the moment..the operative answer is....?
you don't have to convince me about the value of the Dodgers. That didn't take 9 months.
AEG hasn't been convincing to the NFL for five years..as i have stated earlier, and whatever is left of AEG is still at it, trying to convince the NFL. And, like i said..everybody on Los Angeles radio is still speculating about the NFL and AEG, with more questions than answers. In fact..no answers.

you can go on, from here. I'll let you know when you answered my question. Believe me, i'm objective enough to admit such.


another note for you, Chosen One..a lot of actual child molesters are free on the street, today.
How's that for rational thinking?

Just sayin
 
Last edited:
Re: AEG for sale.

Look whether Anschutz gets $3 or $3 Million or $3 Billion for the sale is totally irrelevant. Whether the sale even happens or doesn't happen is totally irrelevant. Who cares if they are exaggerating about Anschutz?

On the first page you and other people are celebrating the karma and the sale as if it's a bad thing. The reality is that you have no evidence if that's the case. You are actually speculating and think that this is a good thing such as AEG is going under and they are paying for what they did to Michael. Again there's no information to support this.

You have Anschutz who is one of the richest men in US, you have AEG which happens to be 2nd biggest entertainment company, you have older reports how they made profit in the last years. There's nothing to show that they have any financial problems whatsoever. You out of the blue speculate that he must be needing liquid funds which again comes nothing but from your own speculation. Again you have a guy who has been paid $3 billion dollars 2 years ago as well as a guy that has plans for a $1.5 billion sport complex. He's not hurting for money.

So yeah you are taking your chances and heavily speculating that this reported sale is good news and karma and that they are paying for what they did to Michael. There's absolutely nothing to support that this is a bad thing for AEG.

Also you look funny when you say "it's media" and then ask "what is your definition of 'logical'? Is that based on who gives the report?" and totally ignore what you are doing. In the same message that you discredit Forbes as "it's the media" you mention the sport radio you listen. What do you think that it? Yeah it's the media too. So you have a selective media approach.

And finally you apparently know nothing about business sale, bids etc and how long it takes to finish a sale. A company that one of my relatives were working is recently sold and it took over 1.5 years. First they announced the sale (because if you don't announce it no one would know that the company is up for sale) , took initial offers for 3 months (because finding one buyer in private isn't good enough, companies prefer to have many people bidding), then spent 2 months to evaluate them and select front runners (the advantage of many bidders is that you can select the best), then they opened the books to these interested parties (because no one pays millions of dollars for a company without examining their financials, assets, worth, revenue capacity), they negotiated back and forth again for months (on things such as current employees etc) , then the sale happened and then the transfer from one owner to the other took 6 months (transition period). That's how a company sale happens.

So if you or this sports guy think a company sale would happen like "I'm selling my company, I'll buy your company there you go" in 2 days and in private perhaps you should stop listening to the sport radio and start reading business magazines to have a more realistic approach to how the business is handled.

you know no more than i. you look no different than i, in your speculation..it's just the sources you choose as opposed to the ones i choose. and i'd rather discuss Michael vs. AEG, and not all the others you are bringing into this convo. this is what i wish for my thread, here.
you and i are in the same section of this site, doing the same thing. that's what this section is for.

please don't give me the crystal ball or the distant past, in your speculation. give me the right here and now.

And you, a member of senior staff telling me 'i look funny'? You're getting personal? Breaking a central site rule? How personal is this topic getting to you? Can we please discuss the topic?
 
Last edited:
Re: AEG for sale.

you know no more than i. you look no different than i, in your speculation..it's just the sources you choose as opposed to the ones i choose. and i'd rather discuss Michael vs. AEG, and not all the others you are bringing into this convo. this is what i wish for my thread, here.
you and i are in the same section of this site, doing the same thing. that's what this section is for.

please don't give me the crystal ball or the distant past, in your speculation. give me the right here and now.

And you, a member of senior staff telling me 'i look funny'? You're getting personal? Breaking a central site rule? How personal is this topic getting to you? Can we please discuss the topic?

But she is discussing the topic though. The thread is titled "AEG for sale" and that's what she has posted about. Just because you may not like it, doesn't mean it's off topic or not correct. Personally I don't know why anyone would think AEG is going out of business. I don't see it happening anytime soon.
 
Re: AEG for sale.

no..she's getting personal. I want to discuss AEG being for sale and how it compares to Michael's empire never being for sale. And how the treatment of one entity by the other spawns a future result for the former. I posted the title, then i explained it in my post, because the title line has only so much room.
and to your last statement, Serendipity, why would anyone think, at any time, during Michael's life that any of his assets were ever threatened? Why lace a comment with personal bias, this way?
 
Last edited:
Re: AEG for sale.

if you want to discuss how AEG is being on sale and not Michael's empire being on sale then go and start that thread in controversy section and discuss it with whoever wants to discuss it. This is a "news" section focused on business and lawsuit information of Michael / MJ Estate and related entities and yeah the thread title is "AEG is for sale", the articles that are posted and even the sport radio that you refer is about "AEG is being up for sale" and that's what I'm interested to discuss. That's what is appropriate for this section. If you want I'll be happy to move "your" thread to controversy, correct the title and start a relevant news thread in this section.

And if you want to ask a question, ask a direct question. I'm not going to read 4 paragraphs of riddles and try to find your question. Also as I said if it's Michael, Bad 25 or something irrelevant to AEG's sale, I have no intention or desire to answer it.

Edited to add: and the Dodgers? Bankruptcy in June 2011. Sales decision and start in November 2011, they took bids and eliminated bidders over time starting in January (from 13 to 11 to 9 to 7 and so on), final three bidders determined in March 2012, approval of the sale in April 2012, sales became official in May 2012. It took them 7 months. It wasn't that quick. The news story said AEG hopes to finish the sale process within the first half on 2013, that means they are aiming for 8 months maximum tine frame which is yes normal. and your questions "why hasn't Mr. AEG found a bidder in private? Why not, quickly? How many has he gone to" is not normal according to regular bidding process.
 
Re: AEG for sale.

if you want to discuss how AEG is being on sale and not Michael's empire being on sale then go and start that thread in controversy section and discuss it with whoever wants to discuss it. This is a "news" section focused on business and lawsuit information of Michael / MJ Estate and related entities and yeah the thread title is "AEG is for sale", the articles that are posted and even the sport radio that you refer is about "AEG is being up for sale" and that's what I'm interested to discuss. That's what is appropriate for this section. If you want I'll be happy to move "your" thread to controversy, correct the title and start a relevant news thread in this section.

And if you want to ask a question, ask a direct question. I'm not going to read 4 paragraphs of riddles and try to find your question. Also as I said if it's Michael, Bad 25 or something irrelevant to AEG's sale, I have no intention or desire to answer it.

Edited to add: and the Dodgers? Bankruptcy in June 2011. Sales decision and start in November 2011, final bidders determined in March 2012, approval of the sale in April 2012, sales became official in May 2012. It took them 7 months. It wasn't that quick.

i'm not discussing riddles. i'm making comparisons, just like you are. you wish to interpret them that way, as riddles.
and the Dodgers sale did not take that long, in retrospect. i live in Los Angeles. If news gets wind that somebody is tampering with the way the Dodgers operate, and it's clear that that owner is operating wrongly, he's out, and another replaces him. that is what happened. the talk radio shows barely got off the ground discussing it. there was an uproar, and as you stated, it took 7 months..way under a year. and the processes leading to it, and the frenzy of people chasing the storied baseball franchise was at an all time high..and the record amount that anybody and everybody with money were willing to spend on it, couldn't get high enough. two billion dollars. and there was no stalling. nobody spends that money anymore. that's evidence of value. like i said..i don't question the Dodgers.

So, on AEG, i did ask a direct question. I asked what i think will happen to a man that was too in love with money to see Michael as anything but, and treated him accordingly, and it cost Michael, and the retribution that will come his way. A company, that, it seems, just yesterday was looked at as big man on campus, treating Michael as money, is, all of a sudden, for sale. And yes, i see it the way i see it, and you see it the way you see it, you volunteered to come in here and see it your way.

And i didn't get an answer, and i don't expect an answer, except with time, and results, in the coming days. But you don't have that answer, and no matter how i phrase the question, you don't really have the answer. You haven't given it to me.

I'm not familiar with the section, and i don't mind it being placed in controversy, but i don't think you are treating the subject fairly, and, in truth, i don't know that you are able to determine whether this is about news or speculation, or a combination of both, because it's being treated as both, in all forms of media. i don't know that anyone can determine, except with time, what the answer will be. and yes...i base it on 'karma'...and, only financial karma...i'm not discussing any other kind, here. i believe that the way someone treats someone results in a certain result. and i am only discussing it on a financial basis here. There really is no clear cut definition between what is defined as news in this section of the site, and speculation and opinions, in this section. i have looked in the threads in this section, and i see a lot of people drawing very emotional conclusions about whatever people they like or don't like, and everybody, without exception, is not a fly on the wall in any of these subjects in this thread, or a fly on the wall, in the lives of the people each of us, here, have an opinion about. it's way too easy to see this whole section as a controversy section.
But i do know every person starting a thread sets the perameters of what they want discussed. and whether or not, other people who choose to enter the thread like what each other says or not, more often than not, everybody starting the threads in here, have made their points clear. And others either agree or disagree.

Now, there are a lot of objective posts in here, even though we all are expressing our opinions, but i will give just one example..Severus Snape, post number 17. they gave their opinion on the subject, and added their opinion of the Jacksons. I understand that. I appreciate it. I respect it. I may or may not agree with it. But it is proof that Whether or not a person decides to see something as riddles..or speculation, is an individual decision. not a fact. Severus didn't come at me, personally.

You(Ivy) and I are both speculating, but i do believe i used a more respectable term.
Speculation vs. Riddle. Same possible meaning, different level of respect.

One final statement about this section of the forum. This whole section is hidden. You have to be a member to even see it, so it's hard not to see the entire section as a section about being controversial. Comments that people are allowed to make, that aren't allowed to be made in any other section of this forum. It can easily be confusing, even if you mention that there are 'news' items in it.
 
Last edited:
Re: AEG for sale.

and the Dodgers sale did not take that long, in retrospect.

and how long did the AEG sale took? Oh wait you don't know because they just announced the sale a few days ago.

and as you stated, it took 7 months..way under a year.

again the LA times article said AEG and Blacksone "expect to have a deal in place by the first half of next year.". that means by June 2013, that means around 8 months maximum is the plan.

So if they are aiming for 8 months maximum, why are you keep saying AEG's sale (which didn't happen btw) is taking too long when compared the 7 month sale process of Dodgers? It's a similar time frame.


So, on AEG, i did ask a direct question. I asked what i think will happen to a man that was too in love with money to see Michael as anything but, and treated him accordingly, and it cost Michael, and the retribution that will come his way. A company, that, it seems, just yesterday was looked at as big man on campus, treating Michael as money, is, all of a sudden, for sale.

Then let me ask you this question. Do you really think Philip Anschutz had anything to do with Michael? Do you think he ran every aspect of AEG, AEG Live, LA Live, Staples Center, Nokia Theather and so on? No he did not. He had other people that he had hired for the job such as Gongaware, Leiweke and Phillips. Those were the people involved in TII decisions and Michael, those are the people that Katherine Jackson is suing not Philip Anschutz. In other words similar to Katherine Jackson I don't think Philip Anschutz is involved in anything regarding to Michael. Similarly I don't think he'll be affected in any way. His billion dollars from oil money and other investments are enough. So in other words I think your question is wrong. I don't think Philip Anschutz is the man you are talking about.

" man that was too in love with money to see Michael as anything but, and treated him accordingly" could perhaps be said about Gongaware, Leiweke and Phillips and those are the men hired for their positions. They don't have the power to make the sale decision and they don't stand to profit or lose from the sale of AEG. They are salary paid employees. According to another media in an internal email sent to employees Leiweke said that the executives would hold their positions in the event of a sale (fyi - employment guarantees for a couple years are common practice in business sales). IF that's the case those 3 would not be affected from any sale in any way.


in truth, i don't know that anyone can determine, except with time, what the answer will be

I agree with this. Time will show if and when AEG gets sold and for how much. Time will show if AEG and the Gongaware, Leiweike and Phillips will be found responsible or not for what happened to Michael.

What I didn't like how quickly you called the media stories "speculation" but your claims of financial karma, need of liquid cash etc are nothing more than speculation as well - with no factual basis. So as we are in a "news" section it's wrong to mislead people with speculation and get other members to celebrate the "demise" of AEG. At least wait for it to happen and then celebrate.

But i do know every person starting a thread sets the perameters of what they want discussed.

not true for news threads. If you want to set the parameters of this thread, this has to be moved to controversy and renamed in a title such as "why I think ----". That way the topic can progress the way you want. You can't determine what you want it to be discussed in a "news" section and in a thread that's coming from a public announcement. "The possible sale of AEG" is a public news story and is not a topic that's under your control or your standards of discussion. If you want to examine a specific aspect and have your thread then it should be in a proper section with a better title.
 
Re: AEG for sale.

Ivy, as for the Dodgers..that sale Already happened. There are so many variables as to why i feel i didn't even have time to speculate on it. it was happening fast, every minute of its progress. As for AEG you are predicting its future, just like everybody else...and you don't know it, any more than anyone else.

You and I can add all the words we want, and never fully finish getting our points across.

As for you saying that the owner of AEG is not responsible for what happened to Michael...Who is it that gets to determine in what situations the ultimate boss is not responsible for what his company does? He IS responsible. He owns the company.

As far as determining the subject of this thread, I still don't think you fairly determined that, yet. It takes way more than the one line of room i have in the title to determine that.

But here is my suggestion for a title, considering how much room i have in the title line..

'AEG is for sale, and why I think it's Karma for its owner for his maltreatment of Michael Jackson'.

In the end, every thread on this site is supposed to center around Michael Jackson. As we know.
And that is what i am doing.
 
Back
Top