Investors Buy L.A. Kings

The Los Angeles Kings, left in financial chaos by former owner Bruce McNall, were sold to a Denver investor and Los Angeles developer.

The team will remain in the Los Angeles area and eventually play in a new sports and entertainment complex that will also house the NBA’s Los Angeles Lakers. The Kings were sold by LAK Acquisition Corp., to Majestic Anschutz Venture, a partnership of Denver investor Philip Anschutz and Los Angeles developer Edward Roski Jr.

Detroit goalie Mike Vernon, who was ruled a free agent two weeks ago by an arbitrator, signed a two-year contract with the Red Wings. Terms were not disclosed.

In the next few days, Boston defenseman Al Iafrate will likely undergo an arthroscopy performed by Bruins physician Bert Zarins, according to assistant general manager Mike O’Connell.

Iafrate’s right knee is persistently swollen as a result of torn cartilage.

“The best-case scenario is that he has the surgery, rehabs and maybe can come back in two months,” said O’Connell.