Who Owns Los Angeles Angels?
Businessman Arturo Moreno is the owner of the Los Angeles Angels of Anaheim baseball franchise, which he purchased for $184 million in 2003. It is currently valued at about $2 billion.
Arturo “Arte” Moreno was born on August 14, 1946. He is a businessman from the United States. When he acquired the Anaheim Angels baseball franchise from the Walt Disney Company on May 15, 2003, he made history by becoming the first Mexican-American to own a major sports team in the United States.
The Angels are an American professional baseball club headquartered in Los Angeles, California. The Angels are a part of the American League West division in Major League Baseball.
It was via his billboard advertising firm Outdoor Systems that Moreno made his first billion dollars, which he sold for $8.7 billion to Infinity Broadcasting in 1999.
Despite the fact that he owns holdings in other billboard advertising firms, the majority of his money is currently invested in the Angels.
Moreno purchased a 150-acre land in Anaheim for $325 million in December of this year, with intentions to construct homes, retail, and a potential new Angels stadium on the property.
The Moreno Family Foundation, which assists impoverished youngsters and educational NGOs, receives millions of dollars in donations each year from him.