• Loading stock data...
Sunday, August 31, 2025
The biggest names in sports media. All in one room. Get your ticket now!

Los Angeles Times Owner Eyeing Bid to Buy Angels

  • Los Angeles Times owner and biotech entrepreneur Dr. Patrick Soon-Shiong is weighing a bid.
  • Soon-Shiong has a net worth of $7.1 billion, per Forbes.
Kirby Lee-USA TODAY Sports

The owner of the most circulated metropolitan daily newspaper in America is reportedly considering a bid to buy the Los Angeles Angels in a deal that could fetch at least $2.5 billion. 

Los Angeles Times owner and biotech entrepreneur Dr. Patrick Soon-Shiong is weighing whether to buy the Angels after a failed 2012 bid to purchase the Los Angeles Dodgers. 

Soon-Shiong, who partnered with hedge-fund billionaire Steven Cohen in the unsuccessful bid, finished second behind Mark Walter and his investment company Guggenheim Baseball Management. 

  • Soon-Shiong has a net worth of $7.1 billion, per Forbes. 
  • He is a minority investor in the Los Angeles Lakers.
  • A potential deal could be a record for an MLB franchise. 

Team owner Arte Moreno hired financial services firm Galatioto Sports Partners in August to explore the sale of the franchise. Moreno — the first Latino team owner in major U.S. sports — purchased the team for $183.5 million in 2003, a year after the club won its only World Series. 

Sale Troubles 

Angel Stadium, the home field of the Angels since 1966, is undergoing a controversial and arduous sale process to a company controlled by Moreno. The $320 million sale was originally agreed to in 2019 but experienced pushback over concerns it violated affordable housing law.

In May, the sale was put on hold after a judge issued a 60-day stay amid a corruption investigation involving Anaheim mayor Harry Sidhu, who spearheaded the deal. Sidhu resigned amid allegations of bribery, obstruction of justice, and witness tampering.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

MLB’s Payroll Powerhouses Bounce Back After Summer Swoon

MLB’s top spenders have begun to regain their footing.

Twins Sale Reversal Mirrors Troubling MLB Precedent

The MLB club’s situation resembles aborted sales of the Nationals and Angels.

Featured Today

Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.
August 26, 2025

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.