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Anaheim Newsbeat

Wednesday, May 25, 2022

Anaheim City Council votes unanimously to halt the sale of Angel Stadium | LA Times

The Angel Stadium deal is dead.

The Anaheim City Council voted unanimously late Tuesday night to kill the sale of Angel Stadium and the surrounding property, in the process bracing for what city councilmen said could be a long and nasty legal battle with Angels owner Arte Moreno.

Under the terms of the sale agreement, if Anaheim kills the deal, the city could refund the $50 million Arte Moreno already has put into escrow, plus up to $5 million in his “transaction costs” and potential legal fees. However, the city’s preliminary legal position is that the alleged fraud might relieve the city of that burden – and could trigger a court to order Arte Moreno’s company to pay the city’s legal costs.

Arte Moreno, who formed the management company to develop the Angel Stadium property, also could sue the city for breach of contract.

Yet Councilmen Jose Moreno and Avelino Valencia all but dared Arte Moreno to take that step. With an FBI agent saying Sidhu had provided confidential negotiating information to the Angels in the hope of securing a million-dollar campaign contribution from them, Jose Moreno said he would welcome the chance to depose Sidhu and Arte Moreno under oath in the event the Angels file suit.

Hombre Brotani Posted: May 25, 2022 at 06:22 AM | 18 comment(s)
  Beats: anaheim, angels, arte moreno, stadium deal

 

 

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