Kings for sale – OR – NY Post pulling s*** out of its *ss?

Gee, I wonder which.

EXCLUSIVE: Both teams in Stanley Cup finals (New Jersey Devils and Los Angeles Kings) are for sale – NYPOST.com
Philip Anschutz-controlled AEG Corporation, [...] and its CEO Tim Leiweke, have started marketing the team by directly calling suitors, a source told The Post yesterday.

A few years ago, the Kings first put themselves up for sale seeking more than $200 million, sources said, but now likely will accept less, the source added.

Sure, because last November, the Kings were valued at $232 million, and have been growing in value 4% per year on average (8% last year), and all that was before they found themselves in the Stanley Cup Finals.

Leiweke told The Post, “We are getting approached by a few people now due to our success, the Dodgers value and the roll LA Live [...] is on.”

While offers have come in, Leiweke denied he was peddling the franchise. “Nothing to it [sale rumors],” he said.

Still, a source maintains that Leiweke was the approacher — and not the approached — recently and that the CEO came forward with a sales book on the Kings.

An NHL spokesperson called the report of a Kings sale “categorically untrue.”

The Kings are expected to make “a major announcement” next week, according to a person familiar with the team, but the subject could not be learned.

Expected by whom? I hate quotes that come from nowhere and say nothing.

 
  • Scarletcat

    I can’t imagine any NHL team making a “major announcement” during the finals. Short of Staples Center being condemned nothing’s more important than the finals right now. 

  • DougS

    Heaven forbid! A tabloid pull stuff out of its ass? What is the world coming to?

    Obviously nothing to this story except print on fish-wrap. 

    If there is a “major announcement” next week, I’ll bet $ to donuts it’s about Farmer’s Field, and it’s AEG making it and not the Kings.