Houston Dynamo majority owner AEG no longer for sale

Posted on March 14, 2013

Anschutz Entertainment Group, the majority owner of the Houston Dynamo Major League Soccer team, is off the market.

Denver billionaire Phillip Anschutz said Thursday he’s terminating sale plans for Los Angeles-based AEG, the Denver Business Journal, an affiliated publication, reports.

Anschutz, chairman of AEG, began exploring a possible sale in September, but he now says he wants to take a more active role in the company, the report said.

AEG assets include ownership or contracts to operate more than 100 sports and entertainment venues worldwide, as well as a concert promotion unit, AEG Live.

After the proposed sale of AEG was reported, Dynamo President Chris Canetticonfirmed the Dynamo turned down an offer from Houston Rockets’ owner Les Alexander to buy the team.

Also on Thursday, Anschutz said AEG President and CEO Tim Leiweke would leave the company. Dan Beckerman, AEG CFO and COO, will succeed him. Jay Marciano, currently president and CEO of AEG Europe, will move to Los Angeles from London to become COO of AEG.

Olivia Pulsinelli, Houston Business Journal.