Menu
Facilities

Anaheim Extends Angels' Opt-Out Clause As Lease Negotiations Continue

The Anaheim City Council yesterday adopted a deal that will delay the Angels' option to leave the city from '16 until '19, giving team Owner Arte Moreno "more time to negotiate a series of deals" aimed at keeping them in town through '57, according to Art Marroquin of the ORANGE COUNTY REGISTER. City officials "will now work with the Angels on several changes, including whether the team should have exclusive control over its name, meaning it could drop 'Anaheim' from its official title." The Angels' current lease at the city-owned Angel Stadium of Anaheim expires in '29, and the team "hasn't openly threatened to leave." But former Padres President & COO Charles Black, who is working as a consultant for the city, said that Moreno "has said that he is willing to build a stadium elsewhere," possibly in downtown L.A., Irvine or the City of Industry. Anaheim Mayor Tom Tait yesterday represented the only vote against the deal, saying that the Angels "will now have the upper hand during the next round of lease negotiations." Along with the team's naming rights, city officials and the Angels will negotiate "whether the team should lease the city-owned parking lot for $1 annually for 66 years." The team in turn "would have the right to develop the property and ask the city for subsidies to help fund construction." Development profits "would be used to pay" for an estimated $150M worth of stadium upgrades over the next 20 years. Also under negotiation is "whether to reduce Anaheim’s share of home ticket sales." The city currently "receives $2 for each home ticket sold once attendance surpasses 2.6 million," but that "may change in 2021, when the proposed attendance threshold would jump to 3 million" (ORANGE COUNTY REGISTER, 9/4).

MORE THAN A FRESH COAT OF PAINT: In L.A., Bill Shaikin cites an Anaheim city report as indicating that the Angels' ballpark needs $130-150M in "capital improvements over the next 20 years." That estimate "accounts solely for infrastructure -- electrical maintenance and upgrades, concrete repairs, waterproofing and such -- at the stadium." The Angels would "pay all of that cost and would pay above and beyond for any improvements that would generate additional revenue for the team, for example, more luxury seating" (L.A. TIMES, 9/4).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/09/04/Facilities/Angels.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/09/04/Facilities/Angels.aspx

CLOSE