Liverpool FC

Andrew Hill

If I were a 72-year-old billionaire with interests in three Los Angeles sports teams and venues from the Californian city’s Staples Center to London’s O2 Arena, I might be inclined to relax, put my feet up and count on enjoying another 15, even 20, years of guaranteed VIP seating at the best live events in the world. But I am not Philip Anschutz, the Denver-based billionaire who has just put Anschutz Entertainment Group, his sport, music and entertainment company on the block.

We’re unlikely to hear the explanation for this decision direct from the mogul himself. One of the few live events AEG has not had a hand in staging or hosting recently is a press conference or interview starring Philip Anschutz. Read more

Andrew Hill

The acquisition of a minority stake in Liverpool football club by US basketball star LeBron James looks high on (self-)publicity and low on detail to me. Here’s the FT:

James’s LRMR Marketing & Branding group will take a “minority interest” in the club as part of a sponsorship deal agreed with Fenway Sports Management, a subsidiary of FSG [Liverpool's owner]. Financial terms were not disclosed.

This is a long way from a deal to use some of the Miami Heat star’s millions to build a new stadium for the UK club, or apply his business acumen to ensuring its survival. Read more