Real Ray
23 Jul 2006, 08:07 AM
http://www.latimes.com/news/printedition/la-me-anschutz23jul23,0,6557383.story?track=mostviewed-sectionfront
Well worth the read-and underlines what those who have been tracking his moves understand about his big picture view for his LA-based assets.
Denver Billionaire's Invisible Hand Shapes L.A.
Industrialist Philip Anschutz, intensely private and 'focused beyond belief,' is quietly changing the face of downtown.
By Glenn F. Bunting, Times Staff Writer
July 23, 2006
On a warm summer evening in 2004, Philip Anschutz greeted British Deputy Prime Minister John Prescott at the $150-million soccer palace Anschutz had created in Carson.
After settling into a luxury suite to watch the Los Angeles Galaxy battle the San Jose Earthquakes, Prescott asked Anschutz which side he was rooting for.
"He said it didn't matter because he owned the two teams," Prescott recalled in an interview in London. At the time, Anschutz controlled half of the 10 pro soccer franchises in the U.S.
The moment captured Anschutz's trademark approach to investments, which holds that they are to be dominated, not merely owned. That philosophy has made Anschutz an economic force in Los Angeles, as important to the region's future, some say, as the William Mulhollands and Harry Chandlers of the past.
Well worth the read-and underlines what those who have been tracking his moves understand about his big picture view for his LA-based assets.
Denver Billionaire's Invisible Hand Shapes L.A.
Industrialist Philip Anschutz, intensely private and 'focused beyond belief,' is quietly changing the face of downtown.
By Glenn F. Bunting, Times Staff Writer
July 23, 2006
On a warm summer evening in 2004, Philip Anschutz greeted British Deputy Prime Minister John Prescott at the $150-million soccer palace Anschutz had created in Carson.
After settling into a luxury suite to watch the Los Angeles Galaxy battle the San Jose Earthquakes, Prescott asked Anschutz which side he was rooting for.
"He said it didn't matter because he owned the two teams," Prescott recalled in an interview in London. At the time, Anschutz controlled half of the 10 pro soccer franchises in the U.S.
The moment captured Anschutz's trademark approach to investments, which holds that they are to be dominated, not merely owned. That philosophy has made Anschutz an economic force in Los Angeles, as important to the region's future, some say, as the William Mulhollands and Harry Chandlers of the past.