LOS ANGELES - Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to 2 Dodgers owners, according to a published report.
Citing unnamed sources, the Los Angeles Times reported on Saturday that the 81-year-old billionaire is selling his stake to Mark Walter & Todd Boehley, 2 Dodgers owners.
The transaction was 1st reported by Sportico, a website that covers the sports business. It said Walter and Boehli's stake in the Lakers would be $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 Los Angeles Kings or Major League Soccer's LA Galaxy. His Anschutz Entertainment Group has sports teams, events & venues as well as entertainment venues.
He has a stake in Staples Center, home of the Lakers, Kings & Clippers. The Lakers recently extended their lease with the arena in Downtown LA.
In 2012, Anschutz put AEG up for sale, but took it off the market the following year.
An AEG spokesman declined to comment on Saturday.
The sale requires approval from the NBA's board of governors.
Walter and Boehly are among the owners of the WNBA's Los Angeles Sparks.