All this time the NFL still doesn’t have a football team in the major TV market of Los Angeles. Now billionaire entrepreneur Philip Anschutz hasn’t given up on his plans to build a football stadium in Downtown LA to lure an NFL team (or 2) back to town, according to Bloomberg. The prospects of his AEG Worldwide proceeding with the long-discussed Farmers Stadium seemed to dim earlier this week when an investment team lead by former LA Lakers’ star Magic Johnson bought the LA Dodgers, Dodger Stadium and the surrounding parking lots. The Bloomberg report says Johnson and Guggenheim Partners Chief Executive Officer Mark Walter, whose company funded the Dodgers purchase, have spoken to the NFL about redeveloping part of the lots to build an NFL Stadium. Reportedly, there are also concerns within the NFL about the terms AEG is proposing for Farmers Field
Related: LA Closer To NFL Team But Is It Good Deal For Local TV Fans?
Anschutz holds significant stakes in the Lakers, the LA Kings, the LA Galaxy, as well as the Staples Center in Downtown LA and the adjacent LA Live entertainment and commercial complex adjacent to Staples. He owns a majority stake in Regal Entertainment Group, which controls nearly 6,000 movie screens worldwide. He also is chief executive of Walden Media, which produces the Chronicles of Narnia films, among others.
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