AEG, which operates Sprint Center, is up for sale

KANSAS CITY, Mo. - The operator of Kansas City’s Sprint Center announced Tuesday it plans to put itself up for auction.

The Anschutz Company said it has plans to sell its wholly-owned subsidiary, AEG to the “qualified party best able to reflect the full value of AEG.”

The company is using Blackstone Advisory Partners to conduct the sale. No time table was announced to complete the sale.

AEG has operated the Sprint Center since its opening in 2007.

“The Anschutz Company has the highest confidence in AEG's potential and its management, and will only undertake a transaction that reflects this confidence," Cannon Y. Harvey, president of Anschutz Company, said in the release.

Reached for comment regarding any impact of AEG’s pending sale on the Sprint Center, a local spokeswoman referred all comments to AEG officials in Los Angeles. The company did not provide any further information beyond a press release issued Tuesday night, which contained no specific references to the Sprint Center.

City officials in the mayor’s office weren’t immediately available for comment