AEG Purchases Minority Stake in AEG Cycling

Published on May 9, 2017

Anschutz Entertainment Group, Inc. (“AEG”) and Pacific Cycle Racing, LLC (“PCR”) announced today that AEG has acquired PCR’s minority stake in AEG Cycling, LLC (“AEG Cycling”), which owns and operates the Amgen Tour of California (“ATOC”) cycling race, the largest competitive cycling race in the United States held each May over 8 days throughout California. Amgen Tour of California race president and executive vice president of AEG Sports, Kristin Klein, stated, “we look forward to many more years operating the premier cycling event in the United States, and want to thank PCR and its principals, James Passantino and Tim Walsh, for their efforts and contribution on behalf of the Amgen Tour of California.