In May 1995, DSE agreed to purchase 25% of the California Angels from Gene Autry with an option to purchase the remaining ownership. The company then agreed to a new lease with the city of Anaheim, in which it agreed to add the city's name to the name of the baseball club in return for full management of Anaheim Stadium and an increased share of the stadium's revenues. DSE took operational control of the Angels in May 1996 which was renamed the Anaheim Angels. In December 1996, Disney Sports Enterprises, Inc. was renamed to Anaheim Sports, Inc. for tax purposes and to align with the teams' names.
In May 2003, the company sold the Angels to advertising magnate Arte Moreno. In 2005, it agreed to sell the Mighty Ducks to Broadcom co-founder and billionaire Henry Samueli. It also owned the Disney Ice facility in downtown Anaheim, which was also be sold to Samueli, and renamed Anaheim Ice. After the selling of the Disney Ice facility, Anaheim Sports, Inc. was dissolved.
Read more about this topic: Anaheim Sports
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Famous quotes containing the word history:
“False history gets made all day, any day,
the truth of the new is never on the news
False history gets written every day
the lesbian archaeologist watches herself
sifting her own life out from the shards shes piecing,
asking the clay all questions but her own.”
—Adrienne Rich (b. 1929)
“If man is reduced to being nothing but a character in history, he has no other choice but to subside into the sound and fury of a completely irrational history or to endow history with the form of human reason.”
—Albert Camus (19131960)
“Philosophy of science without history of science is empty; history of science without philosophy of science is blind.”
—Imre Lakatos (19221974)