• Loading stock data...
Thursday, May 16, 2024

Angels Owner Could Face $300M Repair Bill Before Sale 

  • Anaheim could require the Angels pay for $300 million in stadium repairs.
  • The team is being sold by owner Arte Moreno.
Angels-Stadium
Jayne Kamin-Oncea-USA TODAY Sports

The City of Anaheim might slap the Los Angeles Angels with a bill almost as large as Mike Trout’s $426.5 million contract. 

The team could be on the hook for more than $300 million in repairs to Angel Stadium.

  • The Anaheim city council will consider approving a study expected to show that the venue needs hundreds of millions in repairs.
  • While the city owns the stadium, the team is responsible for repairs outside of regular fixed payments.
  • A 2013 report estimated that the stadium needed $130 million to $150 million in repairs, but a city spokesperson said in August it’s “easily double” now.

The city will consider commissioning a study in “anticipation of potential litigation.” The team’s lease requires that it “be maintained at a level at least equal to first-class professional baseball stadiums.”

Team for Sale

The potential repair bill comes as team owner Arte Moreno is seeking buyers for a sale that could reach $2.5 billion.

Moreno decided to sell after the city voted to kill a $320 million deal that would have sold him the stadium and surrounding land. Investigations revealed improper contacts between the team and Anaheim mayor Harry Sidhu, who has since resigned.

Los Angeles Times owner Dr. Patrick Soon-Shiong is reportedly considering a bid.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

MLB Slams Bally Sports Parent, Calls Blackout of Several Teams ‘Harmful’

The league blasts the bankrupt Bally Sports parent in a new court filing.

Amazon’s Upfront: What It Reveals About the Company’s Sports Plans

The online retail and streaming giant announces plans for a new set of sports films.
Sponsored

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.

A Rising Pirates Star and His Famous Girlfriend Are Sparking National Buzz

Last year’s No. 1 draft pick will make his MLB debut, generating big expectations both locally and nationally.
podcast thumbnail mobile
Front Office Sports Today

Fractured Golf World Unites at PGA Championship

0:00

Featured Today

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.
May 12, 2024

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.
Mar 29, 2023; New York, New York, USA; American actors and comedians Chris Rock (left) and Ben Stiller sit court side during the third quarter between the New York Knicks and the Miami Heat at Madison Square Garden.
May 11, 2024

The Haves and Have-Nots: How the Knicks’ Celebrity Row Works

Unwritten rules, an expectation of quid pro quo, and nothing is free.
May 6, 2023; Miami Gardens, Florida, USA; Red Bull driver Max Verstappen (1) of the Netherlands walks through the garage area following qualifying for the Miami Grand Prix at Miami International Autodrome.
May 5, 2024

Max Verstappen Is Unstoppable. Is That Hurting F1 With New American Fans?

Formula One could be facing an inevitable plateau in the United States.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers
Jaguars rendering 2024

Jags’ Latest Stadium Plan: $1.4B in Upgrades, Relocate for ’27 Season

The NFL team and Jacksonville mayor Donna Deegan presented a new stadium renovation agreement.
May 3, 2024

RFK’s Demolition Could Fast-Track Commanders’ Return to D.C.

The National Park Service gives the official green light to demolish the vacant facility.
May 9, 2024

Meet the … Utah Yeti? NHL Franchise Polling 20 Options for New Team Name

Jerseys will say ‘Utah’ for next season.
Sponsored

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
May 2, 2024

Bears’ $4.7 Billion Stadium Pitch Caught in a Game of Political Football

The office of Illinois Gov. J.B. Pritzker brands the team’s stadium proposal as a ‘nonstarter.’
May 1, 2024

Chiefs, Browns’ Stadium Renderings: Familiar Looking and … Premature?

New renderings and funding proposals begin to take shape long before any stadium deals are finalized.
April 30, 2024

Not a Done Deal: Arlington Heights Keeps Its Bears Stadium Hopes Alive

Arlington Heights’ mayor says the village is ready to restart stadium talks with the NFL team.
April 30, 2024

The A’s Still Have a $1.5B Question: Where’s the Money Coming From?

Team owner John Fisher reportedly looks to raise $500 million to help fund a new ballpark.