Decoding the Ownership Structure- Who Really Calls the Shots with the Los Angeles Kings-
Who owns the Los Angeles Kings? This question often sparks curiosity among hockey fans and business enthusiasts alike. The Los Angeles Kings, a professional ice hockey team based in Los Angeles, California, have seen several ownership changes over the years. Understanding the current ownership structure of the team is crucial for those interested in its financial standing and potential future directions.
The Los Angeles Kings, established in 1967, are a member of the National Hockey League (NHL). The team has a rich history, including numerous Stanley Cup victories, making it one of the most successful franchises in the league. Over the years, the team has undergone various ownership changes, reflecting the evolving interests of its owners.
One of the most notable ownership changes occurred in 2011 when the team was purchased by AEG, a global sports and entertainment company. AEG, founded by Phil Anschutz, had previously owned the team from 1995 to 2011. Under AEG’s ownership, the Kings experienced significant growth, including the construction of the Staples Center, which has become a hub for sports and entertainment in Los Angeles.
In 2012, AEG sold a majority stake in the team to a group of investors led by Anschutz Entertainment Group’s (AEG) CEO, Tim Leiweke. This group, known as the Kings’ minority owners, included various high-profile individuals such as Ron Burkle, an American businessman and philanthropist, and Bruce Karsh, a Canadian businessman and investor.
However, in 2016, Leiweke stepped down from his role as CEO of AEG, and the ownership of the Los Angeles Kings changed hands once again. Leiweke’s departure led to the sale of his stake in the team to a new group of investors, including Canadian billionaire Frank McCourt. McCourt, who previously owned the Los Angeles Dodgers, became the controlling owner of the Kings, taking over the majority stake in the team.
Under McCourt’s ownership, the Los Angeles Kings continued to thrive, reaching the Stanley Cup Final in 2014 and 2018. McCourt’s involvement in the team has been marked by his commitment to investing in player development and improving the overall experience for fans.
In conclusion, the Los Angeles Kings are currently owned by Frank McCourt, who took control of the team in 2016. The team’s ownership history reflects the dynamic nature of professional sports franchises, with various investors and groups contributing to its success over the years. As the Kings continue to compete in the NHL, their ownership structure remains a subject of interest for fans and industry observers alike.
