Disney sells Angels!

Discussion in 'Disney Rumors and News' started by Peter Pirate, Apr 15, 2003.

  1. Peter Pirate

    Peter Pirate Its not the end of civilization...But you can see

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    A tentative agreement (pending baseball approval) has Disney selling the Angels to Luis Moreno, who will be the first Mexican owner, for a reported 180 Million. Disney bought the franchise from the Autry family for 150 million.
     
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  3. Galahad

    Galahad <font color=red>.....an appointment<br><font color

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    Good news, i suspect, for all involved. Wonder why, given last year's performance, they only went for 180. At least it wasn't taken as a loss.
     
  4. Eeyore2U

    Eeyore2U I'm the one you talk about. I rain on parades and

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    Early articles thought they would take a loss. It was reported the sale was for 140M. I would think in a bad economy what they got was better then fair market.
     
  5. Bob O

    Bob O <font color=navy>Voice of Reason<br><font color=re

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    Great news!!!! I bad pruchase to begin with is now over.
    Now this should free up some money for a e ticket attraction!!!
     
  6. Galahad

    Galahad <font color=red>.....an appointment<br><font color

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    Always the dreamer Bob! :)
     
  7. wdw4us2

    wdw4us2 <font color=blue>Not only a DIS Vet, but a 33 year

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    Great news!

    Now if Disney could just get rid of the Mighty Ducks and ABC, maybe things would turn around in the parks.;)
     
  8. Bob O

    Bob O <font color=navy>Voice of Reason<br><font color=re

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    Hey we have to dream, because reality isnt that good at the current time in regards to disney!!
    Of course with our luck that money will go to payoff a legal settlement from the pooh case.
     
  9. jlambrig

    jlambrig Let's Go Red Wings<br><font color="#1daf84">Made t

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    Even though I am a WIngs fan, I am also a shareholder...so let's hope the Ducks win the Cup so they can be sold too.
     
  10. YoHo

    YoHo If you have any poo to fling, now is the time.

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    180 Million is Phenominal. A year ago Disney couldn't give the team away and they've been trying to sell for a while now.
     
  11. Luv2Roam

    Luv2Roam Dexter: Takes Life. Seriously.

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    Disney near deal to sell Angels

    Burbank-based Walt Disney Co. (NYSE: DIS) is nearing a deal to sell its Anaheim Angels baseball team at a loss to Phoenix businessman Arturo Moreno, according to a Dow Jones report citing the Wall Street Journal.

    According to the report, Disney is negotiating with Moreno, a 56-year-old private investor. Other potential bidders include real-estate developer Frank McCourt and members of the Nederlander family, Dow Jones reported.

    The $160 million-$180 million price tag is much smaller than Disney anticipated, and despite the team's World Series win, the Angels lost about $10 million last year.

    Disney's National Hockey League team, the Mighty Ducks of Anaheim, is also on the market, Dow Jones reported.

    © 2003 American City Business Journals Inc.
     
  12. KNWVIKING

    KNWVIKING DIS Veteran

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    "Even though I am a WIngs fan, ........"


    It not looking too good for you guys.
     
  13. KNWVIKING

    KNWVIKING DIS Veteran

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    "NEW YORK (AFX) - Shares of Walt Disney Co were lower in late afternoon trade, in line with general DJIA weakness, after news reports it agreed in principle to sell the Anaheim Angels - winner of the 2002 World Series - to Arizona businessman Arturo Moreno for just over 180 mln usd, dealers said."
     
  14. King Triton

    King Triton DIS Veteran

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    GREAT NEWS!!!!!!!!!!!!!:bounce: :bounce: :bounce: :bounce:

    Now Disney can put that money back into the parks!!!:bounce: Maybe we can get some new rides.

    Next I hope they sell the Ducks and ABC. Focus on the magic!

    Brilliant move Disney!!!!! I love it!!
     
  15. YoHo

    YoHo If you have any poo to fling, now is the time.

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    While I applaud the selling of the Angels, It doesn't change the fact that the have BILLIONS of dollars in debt they need to service. I wouldn't expect a dime of that money to go to the parks.
     
  16. KNWVIKING

    KNWVIKING DIS Veteran

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    By todays ride price structure whats that get ?? A portion of one E-ride ??
     

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