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Dodger ownership group could bring NFL team to Los Angeles

Published On: Oct 03 2012 11:14:36 AM CDT
NFL commissioner Roger Goodell at NFL Draft

Mike Segar/Reuters


The chief executive of Guggenheim Partners, owners  of the Los Angeles Dodgers, said in remarks published today that his group is  considering whether to make a bid for AEG, which owns Staples Center, the Home  Depot Center, the Kings, Lakers, Galaxy and which may acquire an NFL team to  play in the stadium it plans to build in downtown L.A.
      Guggenheim, which controls more than $160 billion in assets, according  to its website, bought the Dodgers in May for $2.15 billion, a world record  price for a sports franchise. AEG executives have indicated they expect the  company to sell for $5 billion to $7 billion.
      Guggenheim Partners Chief Executive Mark Walter, who is also chairman of  the Dodgers, said the possible "synergy" in marketing and sponsorship among  the Los Angeles teams could make AEG an attractive investment, the Los Angeles  Times reported. But because prospective bidders have yet to receive  confidential financial information from AEG, he said he could not say for sure  that a Guggenheim bid for AEG would make sense.
      "We're looking at AEG," Walter said, according to The Times. "We're  looking at a lot of companies. We certainly don't buy them all. Even if we  thought it was a great company, you've got to look at it to know that."
      Walter denied reports that Guggenheim had partnered with Los Angeles  billionaire Patrick Soon-Shiong. Soon-Shiong is interested in bidding on AEG  but has not committed to any partners, a person familiar with the sale process  told The Times.