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MLB OWNERS EXPECTED TO APPROVE ANGELS SALE TODAY
Published January 18, 1996
MLB owners are expected to approve the Walt Disney Co.'s proposed 25% purchase of the Angels today, but completion of the deal hinges on unresolved stadium lease issues, according to the ORANGE COUNTY REGISTER. Disney's agreement to buy a share of the team includes a provision that allows the company to cancel the deal if lease issues are not resolved with the city of Anaheim within 60 days. Called the "second-worst in baseball" by Owner Jackie Autry, the Angels' lease runs through 2001, and Anaheim City Manager Jim Ruth said he hopes to have the matter resolved "in less than 60 days; that's the outside time limit." The Angels and Anaheim had talked about building a new stadium, but Disney officials think the most economic approach is to remodel the existing stadium. Ruth: "We have to mutually find a way it can be financed so it won't be a burden to the team or taxpayers" (Miller & Fisher, ORANGE COUNTY REGISTER, 1/18). Ken Daley writes that Disney's decision to sell its L.A. TV station, KCAL, removed the final stumbling block in its bid to take over the team (DALLAS MORNING NEWS, 1/18).