LOS ANGELES – Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to two Dodgers owners, according to a report.
Citing unidentified sources, the Los Angeles Times reported Saturday that the 81-year-old billionaire is selling his stake to Mark Walter and Todd Boehly, two of the Dodgers’ owners.
The transaction was first reported by Sportico, a website that covers sports businesses. He said Walter and Boehly’s stake in the Lakers would be worth $ 1.35 billion, making them the team’s largest minority ownership. The Lakers are owned by the family of the late Jerry Buss.
Anschutz also owns the NHL’s Los Angeles Kings and Major League Soccer’s LA Galaxy. His Anschutz Entertainment Group owns sports teams as well as entertainment venues.
He has a stake in the Staples Center, home of the Lakers, Kings and LA Clippers. The Lakers recently extended their lease with the arena in downtown Los Angeles.
In 2012, Anschutz put AEG up for sale, but withdrew it from the market the following year.
An AEG spokesperson declined to comment on Saturday.
The sale needs the approval of the NBA Board of Governors.
Walter and Boehly are among the owners of the WNBA’s Los Angeles Sparks.