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Podcasts Take Two
What's behind AEG chief Tim Leiweke's sudden resignation?
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Mar 15, 2013
Listen • 6:48
What's behind AEG chief Tim Leiweke's sudden resignation?
L.A. Live was Tim Leiweke's baby, and he was the biggest cheerleader for bringing a football stadium to downtown LA. So what happened?
AEG President and CEO Tim Leiweke gives a press conference in front of the Staples Center in Los Angeles, California on July 3, 2009, where a memorial service will be held on July 7 for Michael Jackson, who died June 25, 2009, at age 50. AFP PHOTO / GABRIEL BOUYS (Photo credit should read GABRIEL BOUYS/AFP/Getty Images)
AEG President and CEO Tim Leiweke gives a press conference in front of the Staples Center in Los Angeles, California on July 3, 2009.
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GABRIEL BOUYS/AFP/Getty Images
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L.A. Live was Tim Leiweke's baby, and he was the biggest cheerleader for bringing a football stadium to downtown LA. So what happened?

Last September, billionaire Phillip Anshutz put his sports and entertainment giant AEG for sale. The $10 billion price tag included the L.A. Kings hockey team, the Staples Center and AEG Live, the 2nd largest presenter of live music in the world. 

But no one ponied up the cash.

So, it wasn't surprising when yesterday Anshutz took the "for sale" sign off AEG's window. The surprise was that Tim Leiweke, the president and CEO of AEG, resigned. 

L.A. Live was Leiweke's baby, and he was the biggest cheerleader for bringing a football stadium to downtown LA. So what happened?

To explain, we're joined by Arash Markazi, columist for ESPN Los Angeles.