AEG chief executive Tim Leiweke leaving post after sale halted

Billionaire Philip Anschutz will be taking a more active role at his sports and entertainment powerhouse AEG without his longtime chief executive, Tim Leiweke.

Anschutz announced Thursday that he was halting the planned sale of AEG and that Leiweke will be leaving by “mutual agreement.”

AEG: A look back

“We appreciate the role Tim has played in the development of AEG, and thank him for the many contributions he has made to the company,” Anschutz said in a statement.

Leiweke has played a crucial role at AEG for years and has been the company’s point person in negotiations with Los Angeles city leaders over luring a professional football team to the city and building a downtown stadium.

Anschutz said Dan Beckerman, AEG’s chief financial officer, will take over Leiweke’s role as president and CEO.

In a statement, Beckerman said the pursuit of a downtown football stadium adjacent to L.A. Live remains a top priority.

“Priority projects going forward include the development of Farmers Field adjacent to our L.A. Live campus and the pursuit of our plan to bring the NFL back to Los Angeles,” Beckerman said.


AEG sale halted; Anschutz to retain control 

Portland becomes fourth city to mandate sick leave

Push for minimum wage hike intensifies as worker ranks swell

Copyright © 2015, RedEye
Related Content
  • AEG properties in Southern California

    AEG properties in Southern California

    The Anschutz Co., run by Denver billionaire Philip Anschutz, has called off the sale of its AEG subsidiary, a sports and entertainment conglomerate that owns several sports and entertainment properties including Staples Center and the Los Angeles Kings. The following photos show some of the AEG...

  • AEG: A look back

    AEG: A look back

    Billionaire Philip Anschutz announced he has decided not to sell AEG, the entertainment giant that controls the Staples Center, LA Live, and the Los Angeles Kings. Here is a roundup of recent AEG stories.