History
Disney purchased a National Hockey League expansion franchise in December 1992 for Anaheim. The team was named Mighty Ducks after a Disney movie, The Mighty Ducks.
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
Famous quotes containing the word history:
“In history the great moment is, when the savage is just ceasing to be a savage, with all his hairy Pelasgic strength directed on his opening sense of beauty;—and you have Pericles and Phidias,—and not yet passed over into the Corinthian civility. Everything good in nature and in the world is in that moment of transition, when the swarthy juices still flow plentifully from nature, but their astrigency or acridity is got out by ethics and humanity.”
—Ralph Waldo Emerson (1803–1882)
“The history of men’s opposition to women’s emancipation is more interesting perhaps than the story of that emancipation itself.”
—Virginia Woolf (1882–1941)
“As I am, so shall I associate, and so shall I act; Caesar’s history will paint out Caesar.”
—Ralph Waldo Emerson (1803–1882)