LOS ANGELES (AP) — Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to two owners of the Dodgers, according to a published 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 business. It said that Walter’s and Boehly’s stake in the Lakers would be worth $1.35 billion, making them the largest minority ownership of the team. The Lakers are owned by the family of the late Jerry Buss.
Anschutz also owns the NHL’s LA Kings and the LA Galaxy of Major League Soccer. His Anschutz Entertainment Group owns sports teams, events and venues, as well as entertainment venues.