AEG Facilities and nederlander Enter Partnership at U.S. Bank Arenaby laliveinsider on Wed., Mar 23 at 10:15 AM
3/23/11 (Los Angeles, CA) - AEG Facilities and Nederlander recently consummated a purchase and sale transaction under which they now jointly own U.S. Bank Arena and the Cincinnati Cyclones (ECHL). The transaction was announced today by Nederlander Entertainment, LLC Chief Operating Officer Ray Harris and AEG Facilities Chief Operating Officer Bob Newman.
U.S. Bank Arena is a multi-function 17,500-seat arena on the riverbanks of the majestic Ohio River in the heart of Cincinnati. The largest arena in Southern Ohio and Northern Kentucky, the arena opened in 1975 and currently is home to the reigning ECHL Kelly Cup Champion Cincinnati Cyclones. In addition to hockey, the venue is the most active in the region, hosting a wide variety of high profile concerts, family shows and sporting events. Already on the 2011 schedule are George Strait, Reba, Lee Ann Womack, Keith Urban, Bob Seger, Josh Groban and the Ringling Brothers & Barnum and Bailey Circus.
"Our partnership with AEG is just another step forward in our continuing efforts to sustain U.S. Bank Arena as the premier entertainment venue in the market," said Harris. "The experience and resources they add are a welcomed addition to an already strong internal structure. We look forward to working with them in continuing the success of U.S. Bank Arena."
As part of the AEG Facilities network, U.S. Bank Arena will have access to AEG's venue expertise and resources of more than 100 of the world's elite sports and entertainment venues.
"We are thrilled to add U.S. Bank Arena to our global facilities network," said Newman. "This partnership holds great potential for continued growth and success at the region's leading arena and we look forward to building on the positive foundation currently in place."
About AEG Facilities
AEG, a wholly owned subsidiary of the Anschutz Company, is the leading sports, entertainment and venue operator in the world. AEG Facilities, a stand-alone affiliate of AEG, owns, operates or consults with 100 of the industry's preeminent venues worldwide, across five continents, and works in concert with affiliated AEG entities, including live event producer, AEG Live, AEG Global Partnerships and AEG Development to support the success of AEG venues across the globe. AEG owns, operates or provides services to venues including STAPLES Center (Los Angeles, Calif.), The Home Depot Center (Carson, Calif.), Nokia Theatre L.A. Live (Los Angeles, Calif.), Citizens Business Bank Arena (Ontario, Calif.), Valley View Casino Center (San Diego, Calif.) Sprint Center (Kansas City, Mo.), XL Center and Rentschler Field (Hartford, Conn.), The Rose Garden (Portland, Ore.), KeyArena (Seattle, Wash.), KFC YUM! Center (Louisville, Ky.), AmericanAirlines Arena (Miami, Fla.), AT&T Center (San Antonio, Tx.), Time Warner Cable Arena (Charlotte, N.C.), Prudential Center (Newark, N.J.), Target Center (Minneapolis, Minn.), Mercedes-Benz Arena (Shanghai, China), MasterCard Center (Beijing, China), The O2 Arena (London, England), O2 World (Berlin, Germany), O2 World Hamburg (Hamburg, Germany), Ahoy Arena (Rotterdam, Netherlands), Pernambuco Stadium (Recife, Brazil), Acer Arena (Sydney, Australia), Globe Arenas (Stockholm, Sweden), Turk Telekom Arena (Istanbul, Turkey) and the Qatar National Convention Centre (Doha, Qatar). For more information, please visit www.aegworldwide.com <http://www.aegworldwide.com/> .
The Nederlander family has been a major force in the live entertainment business for nearly 100 years. Currently, in their third generation of theatre development, ownership, management and production, they have developed expertise in all aspects live entertainment, including concert promotion, sports, ticketing, facility management, marketing and advertising. Nederlander is headquartered in New York.
Michael Roth, AEG
(213) 742-7155 or [email protected]
Alison Groendal Salcedo, AEG Facilities
(310) 630-2032 or [email protected]
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