Broomfield arena operator on sale block
The Anschutz Co. announced late Tuesday it is looking to sell AEG, a wholly owned subsidiary that owns and operates arenas and theaters, has shares in sports teams and produces musical tours and festivals around the world.
AEG, which is based in Los Angeles, has a global reach that extends to Broomfield and the Denver area.
AEG Live is a partner in Peak Entertainment LLC, the company that manages the 1stBank Center in Broomfield. Kroenke Sports & Entertainment LLC, which owns the Pepsi Center, Denver Nuggets and Colorado Avalanche, is the other partner.
AEG Live, one of the largest concert promoters in the nation, manages booking and promotions for the 1stBank Center. The arena has seen an increase in the number of shows and the prominence of acts since Peak Entertainment took over arena management in 2009. The arena is owned by the city of Broomfield.
AEG Live Rocky Mountains is headquartered in Denver and is led by Chuck Morris, a prominent concert promoter who started his career in Boulder.
Morris' office had no comment on the news Wednesday morning.
The Anschutz Co. is a Denver-based private holding company of Phil Anschutz, Colorado's richest man and a billionaire several times over. AEG could fetch up to $7 billion and has several suitors, according to experts quoted in Billboard magazine.
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