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