Los Angeles Kings Are Not For Sale Despite Report, Says Gary Bettman

May 20, 2012; Los Angeles, CA, USA; General view of Los Angeles Kings defenseman Slava Voynov (26) on the Stanley Cup logo during game four in the Western Conference finals of the 2012 Stanley Cup Playoffs against the Phoenix Coyotes at the Staples Center. The Coyotes defeated the Kings 2-0. Mandatory Credit: Kirby Lee/Image of Sport-US PRESSWIRE

The NY Post reported the Los Angeles Kings are for sale, but NHL commissioner Gary Bettman calls that "categorically untrue."

The Los Angeles Kings got the 2012 NHL Stanley Cup Finals started on the right foot, winning the opening game of the series against the New Jersey Devils in overtime As the series moves forward, there's a bit of uncertainty about the business side of things for the two teams -- including who will own each going forward. According to this report by the New York Post, both the Los Angeles Kings and the New Jersey Devils are up for sale.

Investors with an appetite for a high-profile but probable money-losing acquisition can likely buy some or all of both the New Jersey Devils and Los Angeles Kings - two NHL teams that just happen to meet tonight in the Stanley Cup Finals. One team has to win and both owners are looking to sell. Philip Anschutz-controlled AEG Corporation, which owns the Kings and the Kings' Staples Center arena home, and its CEO Tim Leiweke, have started marketing the team by directly calling suitors, a source told The Post yesterday.

However, NHL commissioner Gary Bettman said at a press conference on Wednesday that the Kings are not for sale.

"It never ceases to amaze me when a newspaper writes a story and the principals involved absolutely deny it, and they could be the only source. But The Post was told by Tim Leiweke and by us that the story was categorically untrue, the Kings were not for sale," Bettman said. "But they said they had their own sources and they decided to go with the story anyway. OK, the story is not true."

For more on the Los Angeles Kings, check out Jewels From The Crown and SB Nation Los Angeles. Also be sure to stick with SB Nation's dedicated NHL hub for all the latest NHL news.

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