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AEG Sale Canceled / Leiweke Leaving Company / Kings Owners Not Changing

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chesed said:
I was just listening to KNX1070 business hour with Frank Mottek and he interviewed some sports business guy (sorry I can't remember the name), and during the discussion about AEG being pulled from sale he repeatedly referred to Leiwiki as being "let go." He even mentioned that it has been known for a while that changing up the company heads has been on Anschutz's mind.

Of course, I would take it with speculation as it's not somebody from the inside, but it would seem to onlookers as being "let go."
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Which, as I stated earlier in this thread, would make sense:

Saying it was 'mutually agreed' is just the business world's way of saying people parted on good terms. I've seen that written in press releases thousands of times when I was a reporter, and several times there was far more to the story. Usually neither side wanted to get bombarded with questions about what really happened, so they just said it was mutually agreed and left it at that.
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Saying it was a mutual decision is far easier than saying AEG let go of Lieweke, because saying so would have just opened the doors for an influx of questions, especially coming off a Stanley Cup winning season for the Kings.
 
KINGS17 said:
Would you want to deal with a bunch of NFL owners that feel that they are entitled to retain majority ownership of the team after you build the stadium in which they will play?

Anschutz and the NFL BOG and other owners aren't getting along because he wants a majority stake in the franchise that moves to LA or an expansion team that would play in his stadium. The NFL is an exclusive club where the owners own a printing press and lots of green ink.
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Pretty much this. The last thing they want is a new player in the game that would not only have a new franchise to generate a profit from, but a stadium to go with it.
 
I'll take Beaker-man

lyle_beaker.gif


:yo:
 
Things started out rough for Tim here but ultimately he was a big part of bringing us our first cup, so I'm a bit sad to see him go.

I don't really buy the whole "he was let go because he tried to bring the NFL to LA against Phil's will" angle. It's not like he was trying to buy candy corns for the receptionist's candy bowl instead of butterscotch. Guys like this don't try to orchestrate a multi(hundred) million dollar deal against your bosses wishes...
 
Yea, I see him all the time. I saw him getting harrassed by security a couple of games ago.
 
KINGS17 said:
I wasn't a fan of Leiweke in the beginning, but I have to admit he made the proper corrections to have the franchise win a Stanley Cup.
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Come on, Kings17 you can do better than that! TL was instrumental in the revival of this franchise, the Staples Center, LA Live and AEG in general that your above kudos seem meek.

To say, "he made the proper corrections" is to put in pretty mildly! TL was villified by the Kings fan in general at the beginning so I think he should get the veneration he deserves as he enjoys the pinnacle of his time at AEG - the Stanley Cup. :handclap:
 
TruKingFan said:
Come on, Kings17 you can do better than that! TL was instrumental in the revival of this franchise, the Staples Center, LA Live and AEG in general that your above kudos seem meek.

To say, "he made the proper corrections" is to put in pretty mildly! TL was villified by the Kings fan in general at the beginning so I think he should get the veneration he deserves as he enjoys the pinnacle of his time at AEG - the Stanley Cup. :handclap:
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Uhhhhhh.......

Leiweke's first 12+ years on the job can only being described as a failure in regards to the Kings.
It was only when he agreed to stay hands off that the Kings started to really prosper.

If you don't think he was micromanaging Dave Taylor, you've got another thing comin'.

His lies about Allison and Deadmarsh returning by Christmas forever poisoned him reputation with a lot of Kings fans.
He's lucky that Emad didn't bite him in that picture.










 
Whatever happened TL will probably say what most people in upper level management say when they leave. "I want to spend more time with the family":laugh::laugh::laugh:
 
Love me some Judas Priest...

To touch on Leiweke's meddling with the team and micromanagement of Dave Taylor, let's not forget how he mishandled the contract negotiations for Rob Blake and Luc Robitaille. It was Leiweke (and Kevin Gilmore) who presented Blake with a low ball, take it or leave it offer that completely derailed negotiations, to the point where Blake felt insulted and stripped himself of the captaincy. That led to his departure, which was very emotional for many who were close to him (including Luc Robitaille). But alas, the fans blame Blake for what happened there.

Then they did the same with Luc Robitaille, who was coming off a terrific season in the final year of his contract. The Kings low balled Luc, he figured he wasn't being welcomed back by the team, so he signed with Detroit to have a shot at the Cup. It's no coincidence that both Luc and Blake went on to win Cups as soon as they left the Kings.

And what did the Kings do with the money they saved from not bringing them back? Oh, they signed Steve Heinze and passed him off as a top six forward. They also signed Randy Robitaille and traded for Erik Rasmussen, saying that he could also play in the top six. As Dingo said, the Kings were heavily micromanaged, until Dean Lombardi was hired.
 
Ziggy Stardust said:
Love me some Judas Priest...

To touch on Leiweke's meddling with the team and micromanagement of Dave Taylor, let's not forget how he mishandled the contract negotiations for Rob Blake and Luc Robitaille. It was Leiweke (and Kevin Gilmore) who presented Blake with a low ball, take it or leave it offer that completely derailed negotiations, to the point where Blake felt insulted and stripped himself of the captaincy. That led to his departure, which was very emotional for many who were close to him (including Luc Robitaille). But alas, the fans blame Blake for what happened there.

Then they did the same with Luc Robitaille, who was coming off a terrific season in the final year of his contract. The Kings low balled Luc, he figured he wasn't being welcomed back by the team, so he signed with Detroit to have a shot at the Cup. It's no coincidence that both Luc and Blake went on to win Cups as soon as they left the Kings.

And what did the Kings do with the money they saved from not bringing them back? Oh, they signed Steve Heinze and passed him off as a top six forward. They also signed Randy Robitaille and traded for Erik Rasmussen, saying that he could also play in the top six. As Dingo said, the Kings were heavily micromanaged, until Dean Lombardi was hired.
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Why did the micromanaging stop when DL was hired? DL has had more power than DT ever did?
 
Rafa Nadal said:
Why did the micromanaging stop when DL was hired? DL has had more power than DT ever did?
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Yep, I don't think Lombardi would take the job unless he had full autonomy in hockey ops. Prior to Lombardi's arrival, the Kings were practically run on a shoestring budget. They never pursued any big name free agents. They were notorious for dumpster diving. That's what earned Dave Taylor his nickname.
 
This is great news. I got to know Dan Beckerman well when I did my financial study. He is a great guy and loves the Kings. He knows the ins and outs of the organization, and, as far as I could tel,, has a good relationship with Anshutz. The fact they chose an internal candidate mean Anshutz is happy with the way things are running or else he would have brought in an outsider to shake things up. Beckerman is likely to give DL total autonomy and be the go between with PA if a salary needs to be added. DL and DS are probably very happy today, not for the departure but for the arrival.
 
NomadFan said:
http://www.forbes.com/sites/mikeozanian/2012/10/15/value-of-aeg-disclosed-to-be-at-least-8-billion/

http://www.billboard.com/biz/articl...ill-not-be-sold-after-all-tim-leiweke-leaving

http://online.wsj.com/article/SB10001424127887323393304578360423849102576.html

I guess you're technically right that they wanted "over $1.1 billion" for the package...
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Must have been half-asleep when I did the numbers. Without reading your articles, I know the money was proportional as to how far off they were from selling the package.

My understanding was the value was around $6 billion to $7 billion for the entire AEG structure, but AEG wanted over $11 billion. The difference was quite big.

I am not sure what the hell I was thinking with the original numbers. Anyway, there was a proportional gap. I know your articles says $8 billion but that is a disputed amount as to value. I have also noticed that Forbes is getting lazy in valuing franchises lately. They are not going as in-depth as they used to in accumulating the numbers. But then, why should they? It's not like any of these sports franchises are publicly traded.
 
One thing we are all forgetting is that Leiweke would have been gone anyway if AEG had been sold.

It is sounding more and more that Leiweke wanted to spend more time with his family, and the only way he can do that is by leaving that position.
 
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