Purgatory Online |
Wednesday, April 16, 2003
Posted
9:28 AM
by Sean
It looks like the Angels finally have a buyer, Arturo Moreno. I've shied away from talking about potential buyers for the Angels, because there've been a bunch of them over the past couple of years, and I got tired of reading about guys who seemed like front-runners who faded away after a couple of months. But Reuters is reporting that Moreno and Disney have reached a $180 million deal for the Angels, subject to the approval of the other MLB clubs (which shouldn't be a problem). I don't know much about Moreno except that he's Hispanic, made his money in billboard advertising, and is supposedly worth enough to weather the kind of operating losses the Angels usually have. In terms of his plans for the team...there's not much out there. Supposedly he intends to keep things pretty much the same, but once the sale goes through, who knows? Angels' GM Bill Stoneman's contract is up in November, so that would be the first real test.
|