While perhaps a billion people watched the U.S. and China meet in basketball at the Olympics, Sports Business Daily says that few had more riding on the game than the NBA and Phil Anschutz's AEG, owners of Staples Center, the Los Angeles Kings, Kodak Theater, Nokia Theater, L.A. Live, the L.A. Galaxy...you get the picture. AEG and the NBA will market, program and operate the arena in Beijing after the Olympics are over. First up is China's first naming-rights deal:

The AEG sales team hopes to have a naming-rights partner within 35 days. It is approaching companies in the traditional categories of telecom, auto, finance, banking and apparel about naming rights and founding partnerships.

To date, AEG has met with the 100 top multinational companies and Chinese state-owned entities. It envisions selling five founding partnerships to multinational corporations and three to Chinese state-owned entities, said [Sam] Piccione, who’s leading the effort on the ground in Beijing for AEG.

Meanwhile, the Kings finished 29th in a 30-team league last season and look worse heading into the coming season. And today, the Galaxy fired GM Alexi Lalas and accepted the resignation of coach Ruud Gullit.

More: Sports
© 2003-2009   •  About LA Observed  •  Email the editor
LA Biz Observed
4:03 PM Fri | CBS and ABC have far bigger fish to fry - namely whether their stations can get back the auto and retail advertising that fell off a cliff in 2009.
Native Intelligence
Jenny Price | Recycling!
Veronique de Turenne | And there's still time to take part!
Phil Wallace | Searching for answers after a third loss this year.
Deanne Stillman | Jihad and cash offers meet American soldiers during the Gulf War, and beyond.
Iris Schneider | After a tough year financially, the Museum of Contemporary Art put on a gala party to celebrate with 1,000 of its closest friends.
Jenny Burman
Thinking more about buying less.
Here in Malibu
Seriously -- turn out the lights.
Sponsors
Jewish Journal logo
The California Wellness Foundation
Playa Vista ad
Blogads

Blogads Los Angeles network

Get RSS Feeds
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.




Add to Google