|
|
Article: Ascent Entertainment Group, Inc. to Sell Nuggets, Avalanche and The Pepsi Center.
- Article from:
- PR Newswire
- Article date:
- April 26, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
DENVER, April 26 /PRNewswire/ -- Ascent Entertainment Group, Inc. (Nasdaq: GOAL) announced today that it has entered into a definitive agreement to sell its sports-related businesses, including the Denver Nuggets, Colorado Avalanche and the teams' future home, The Pepsi Center.
Ascent is selling the business to a partnership controlled by William J. and Nancy Walton Laurie of Columbia, Missouri. Charlie Lyons, currently CEO of Ascent Entertainment Group, Inc., will become President and will own an interest in the Partnership. The property is being sold for an enterprise value of $400 million, consisting of $260 million in cash and approximately $140 million in ...
Related newspaper, magazine, and journal articles:
|
|
Article: PATH IS CLEARED FOR STURM TRANSFER OF NUGGETS, AVS, PEPSI ...
Rocky Mountain News (Denver, CO);
July 29, 1999 ;
523 words
... ... Avalanche and the Pepsi Center. Financier Sturm ... bidder for Ascent Entertainment Group's sports assets ... the nearly completed Pepsi Center and assuming $140 ... obligations under the Pepsi Center agreement,'' Coon ...
|
|