AEG Acquires Ownership Shares of Golden Boy Promotions

LOS ANGELES--(Business Wire)--
AEG, considered one of the world's leading live sports and
entertainment presenters, has entered into an agreement with boxing's
leading promoter, Golden Boy Promotions, to acquire ownership shares
of the Los Angeles-based organization, it was announced today by Oscar
De La Hoya, President of Golden Boy Promotions, and Tim Leiweke,
President & CEO, AEG. The acquisition will make AEG the company's
second largest shareholder behind De La Hoya.

"Having fought and promoted many successful championship fight
cards in AEG-owned venues such as STAPLES Center and The Home Depot
Center, I have developed a tremendous amount of respect both
personally and professionally for how AEG does business, how they
operate their facilities and the integrity they have consistently
shown to me and my partners at Golden Boy Promotions," said De La
Hoya. "Our new partnership will create so many new synergies from
jointly promoting events in their arenas worldwide to exploring new
ways to develop successful promotions built around our boxing shows
taking place in their facilities. To Tim and Dan, on behalf of Richard
and our partners, we look forward to many successful promotions
together."

Also participating in the announcement was Richard Schaefer, CEO
of Golden Boy Promotions, representing other shareholders of Golden
Boy Promotions including Bernard Hopkins, Shane Mosley and The Brener
Group and Dan Beckerman, Chief Operating Officer, AEG.

Schaefer added, "Golden Boy Promotions has always prided itself as
a company that does things in a first class manner and with first
class people. We couldn't ask for better partners than Tim, Dan and
everyone at AEG. They have proven themselves over the years to be the
best of the best and we look forward to a long and productive
relationship with them."

In addition to hosting several of De La Hoya's and Golden Boy
Promotions' most successful and memorable fights including De La
Hoya-Mosley (STAPLES Center, June 2000), Hopkins-Eastman (STAPLES
Center, February 2005), Barrera-Juarez (STAPLES Center, May 2006),
Vazquez-Marquez (The Home Depot Center, March 2007) and
Vazquez-Marquez III (The Home Depot Center, March 2008) and the most
recent: De La Hoya-Forbes held outdoors at The Home Depot Center
before a crowd of 27,000, AEG and De La Hoya have established other
business partnerships including De La Hoya's recent acquisition of
ownership shares of Major League Soccer's Houston Dynamo franchise
owned by AEG.

"When we look at Golden Boy Promotions, we see the best management
team, the best vision for boxing industry and the best ownership group
in the industry. They are the future of boxing and a company we are
proud to be associated with," said Leiweke. "We have committed to
adding all of our resources and assets to provide additional
opportunity to grow Golden Boy into the most dominant promoters and
providers of content in boxing. Perhaps the most unique aspect of this
partnership is the fact that the markets that we are most rapidly
expanding into are the same markets that they are hoping to grow into
as well," Leiweke added.

"From the outset, we have had tremendous respect for Oscar and
Richard's philosophy of honesty and integrity in the relationships
they have with their fighters as well as business associates and
partners," said Beckerman. "Over the years, we have come to realize
that we share their vision of creating a global company capable of
promoting impressive and successful fight cards in venues worldwide."

About Golden Boy Promotions:

Los Angeles-based Golden Boy Promotions was established in 2001 by
Oscar de la Hoya, the first Hispanic to own a national boxing
promotional company. In 2007, in its sixth year of promoting, Golden
Boy Promotions set a record by selling over 2.5 million in
pay-per-view homes in a single night. Also in 2007, Golden Boy
Promotions established the record for pay-per-view sales by one
promotional company in a single year selling events to more than 4
million homes total. Golden Boy Promotions is one of boxing's most
active and respected promoters, presenting shows in packed venues
around the United States on networks such as HBO, HBO Latino,
TeleFutura, Showtime and ESPN.

About AEG:

AEG, a wholly owned subsidiary of the Anschutz Company, is the
world's largest investor in entertainment and sports facilities; the
world's largest presenter of live sports and entertainment events;
world's largest owner of sports teams and sports events; owner of the
world's most profitable sports and entertainment venues; world's
largest developer of sports and entertainment sponsorship and naming
rights; has invested billions of dollars in sports, entertainment and
media projects; and reaches billions of people each year through its
facilities, events, music, theater, festivals, sports, films and media
assets. AEG has a long history of success in the global sports and
entertainment industries including the STAPLES Center (Los Angeles,
CA), NOKIA Theatre Times Square, NOKIA Theatre at Grand Prairie (TX),
the El Rey Theatre (Hollywood, CA), the WaMu Theatre (Seattle, WA),
Target Center (Minneapolis, MN) and three just opened arenas, Sprint
Center (Kansas City, MO), Prudential Center (Newark, NJ) and The O2, a
28-acre development located in the eastern part of London along the
Thames River which includes a 20,000 seat arena and over 650,000sf of
leisure and entertainment use; sports franchises throughout the world
including the Los Angeles Kings (NHL), Los Angeles Riptide (MLL), the
Los Angeles Galaxy and Houston Dynamo (MLS) in addition to overseeing
privately held management shares of the Los Angeles Lakers (NBA). AEG
developed and operates The Home Depot Center, a $150 million national
training facility on the Campus of California State University
Dominguez Hills in Carson, California, designated as an "Official U.S.
Olympic Training Site" by the United States Olympic Committee that
includes major facilities for soccer, tennis, track & field, cycling,
lacrosse, rugby, action sports, beach volleyball, basketball and other
sports.

AEG's live entertainment division, AEG LIVE is one of the world's
leading concert promotion and touring companies with fifteen regional
offices and stand-alone affiliate divisions devoted to all aspects of
live entertainment including: AEG LIVE Events, creators and producers
of special events of all sizes; AEG-TV, creators of live events for
television, DVD, pay-per-view, cinema and other electronic media and
AEG LIVE Tours & Special Events, Concerts West, Goldenvoice, The
Messina Group and AEG Exhibitions, the company's national
entertainment promotion and touring divisions. AEG LIVE is currently
overseeing the international museum tour of the artifacts of King Tut
"Tutankhamun and the Golden Age of the Pharaohs" and produced Celine
Dion A New Day...Presented By Chrysler, a spectacular theatrical
production starring Dion and directed by Franco Dragone which just
concluded an unprecedented five year "residency" at the Colosseum at
Caesars Palace in Las Vegas. AEG LIVE co-produces the New Orleans Jazz
& Heritage Festival and Goldenvoice, the company's southern
California-based regional promotion division created and operates the
award winning annual Coachella Valley Music & Arts Festival. Recently
promoted tours have starred artists and groups including Prince,
Usher, Kenny Chesney, Rod Stewart, Paul McCartney, Yanni, the Eagles,
George Strait, Justin Timberlake and Christina Aguilera, Dixie Chicks,
Hannah Montana and American Idol.

Golden Boy Promotions
Ramiro Gonzalez/Monica Sears, 213-489-5631
or
AEG
Michael Roth, 213-742-7155
or
Swanson Communications
Kelly Swanson, 202-783-5500

Copyright Business Wire 2008