Anaheim Agrees to $2.75 Million Settlement With Angels Baseball Over Failed Stadium Sale

Published on July 17, 2024

Anaheim has agreed to settle a claim filed by Angels Baseball ownership after the city abandoned the sale of Angel Stadium, city officials announced July 15. In June 2022, the Major League team asked for $5 million plus legal fees after the city abandoned a $320 million deal made in 2020 for the sale of the 151-acre stadium to team owner Arte Moreno and his family. The original sale agreement included a provision that Mr. Moreno’s company—called SRB Management—could recoup $5 million in transaction costs plus legal fees if the city didn’t go through with the sale. The city voided the deal in 2021....

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