Stevedm
23 Jul 2003, 11:22 AM
Phil Anschutz has developed AEG into a sports tream and venue empire. For some of you who don't follow big P's business plans other than MLS he is the largest shareholder of Union Pacific Railroad, Qwest Communications, Frontier Oil Corporation and Regal Entertainment Group, the largest theatre chain in the business.
AEG owns numerous stadium venus and sports teams throughout the world. AEG is also a concert promoter and marketing firm that is responsible for putting together various concerts and other shows such as the oscars. What Phil did a few years ago is buy Regal Cinemas which had a billion dollars of debt and bought the firm and its debt for 20 cents on the dollar. He reorganized the compnay closed unprofitable movie theatres acquired profitable ones and did an IPO which raised 2.8 billion dollars in cash and retired the companies debt and turned it into a cash flow positive company. What I strongly forsee happening is a similar move with AEG. ONce all the stadiums get built here and and oversees with the Dome in London etc and most of the teams MLS has turn cash flow positive he will roll AEG into an IPO and retire all debts that MLS has in its venues and teams as well as those overses and turn it into a cash flow positive venture. What I then forsee in a phase two in this process is a merger between AEG and RGC (regal entertainment group). This would great the largest entertainment empire in the world with a combination of the largest group of sports franchises comprimising numerous hockey soccer and basketball teams as well as venues throughout the world and the largest movie theatre chain in the world.
You will be able to buy stock in n MLS team one day. You can bet on this. Phil has done this with ever single one of his large ventures. he did it with UNP and Qwest and Reagal Cinemas as well as Oil operations. YOu can look forward to seing this in the nest 5-6 years.
Cheers
AEG owns numerous stadium venus and sports teams throughout the world. AEG is also a concert promoter and marketing firm that is responsible for putting together various concerts and other shows such as the oscars. What Phil did a few years ago is buy Regal Cinemas which had a billion dollars of debt and bought the firm and its debt for 20 cents on the dollar. He reorganized the compnay closed unprofitable movie theatres acquired profitable ones and did an IPO which raised 2.8 billion dollars in cash and retired the companies debt and turned it into a cash flow positive company. What I strongly forsee happening is a similar move with AEG. ONce all the stadiums get built here and and oversees with the Dome in London etc and most of the teams MLS has turn cash flow positive he will roll AEG into an IPO and retire all debts that MLS has in its venues and teams as well as those overses and turn it into a cash flow positive venture. What I then forsee in a phase two in this process is a merger between AEG and RGC (regal entertainment group). This would great the largest entertainment empire in the world with a combination of the largest group of sports franchises comprimising numerous hockey soccer and basketball teams as well as venues throughout the world and the largest movie theatre chain in the world.
You will be able to buy stock in n MLS team one day. You can bet on this. Phil has done this with ever single one of his large ventures. he did it with UNP and Qwest and Reagal Cinemas as well as Oil operations. YOu can look forward to seing this in the nest 5-6 years.
Cheers