The Anschutz Company announced Thursday that it will retain ownership of Anschutz Entertainment Group and terminate the sales process for AEG.
The Anschutz Entertainment Group, which owns the Los Angeles Kings, Los Angeles Galaxy and Staples Center, is being put up for sale, the company announced Tuesday.
Magic Johnson reaffirmed his involvement and commitment to Farmers Field, Anschutz Entertainment Group's $1.2 billion proposed football stadium in downtown Los Angeles.
The NBA has formed a joint venture with Anschutz Entertainment Group to design and develop multipurpose, NBA-style arenas in major Chinese cities.
The Clippers will play their home games at Staples Center for at least 10 more seasons.