AEG President Shuts Down Rumors Of Kings Sale

LOS ANGELES (CBSLA.com) - A report coming out of the New York post said, Wednesday, that AEG, the Kings controlling company, was considering a sale of the team following the Stanley Cup final, citing a banker as its source.

Just hours after the report, AEG emphatically denied that report in a statement by Dan Beckerman, President and CEO of AEG.

"The unsubstantiated rumors printed in the New York post earlier today about the potential sale of the Los Angeles kings are false," said Beckerman.

"So I'm clear, the Los Angeles Kings are not for sale, and there are no plans to sell the franchise today, tomorrow or anytime in the future. These rumors were started by anonymous sources seeking to create chaos and mischief. We remain solely focused on one goal, winning the Stanley Cup, and we will not be distracted by such irresponsible reports."

Although the deal would never happen according to Beckerman, it would be very interesting how much the Kings' market value would be knowing the Clippers went for a record of $2 billion.

In 2012, AEG principal owner Philip Anshutz attempted to sell the entertainment giant company but no deal went through.