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Friday, January 06, 2023

Warriors owner Joe Lacob confirms interest in buying Angels

The owner of the defending NBA champions confirmed Thursday he is exploring the purchase of the Angels.

In August, when Angels owner Arte Moreno put the team up for sale, Golden State Warriors owner Joe Lacob told the Los Angeles Times he would “look at good opportunities.” On a podcast with the Athletic columnist Tim Kawakami, Lacob said the Angels could indeed be a good opportunity.

“I’ve always felt that it had great possibilities,” Lacob said. “L.A. is a huge market, and it’s part of that L.A. overall market.

“They’ve drawn over 3 million fans, I think, 17 out of the last 20 years. We’re going to look at it. … It may be doable. So we’ll see.”

The Angels are expected to sell for at least $2.5 billion, which would be a record price for a Major League Baseball team.

RoyalsRetro (AG#1F) Posted: January 06, 2023 at 05:36 PM | 18 comment(s) Login to Bookmark
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1. A triple short of the cycle

Posted: January 06, 2023 at 08:59 PM (#6112260)

Wrong team! The A's! Please buy the A's.

2. Rally Posted: January 07, 2023 at 11:44 AM (#6112296)

I approve of this sale. Arte, you can leave now.

3. cookiedabookie Posted: January 07, 2023 at 12:07 PM (#6112301)

Wrong team! The A's! Please buy the A's.

I think MLB has a rule against owners owning another professional sports franchise in the same city. So they'd have to move them first

4. The importance of being Ernest Riles Posted: January 07, 2023 at 03:18 PM (#6112324)

I think MLB has a rule against owners owning another professional sports franchise in the same city. So they'd have to move them firs

Fortunately, Lacob moved the Warriors to San Francisco, so hopefully he can buy the A's and keep them in Oakland? Pretty please?

5. The Yankee Clapper Posted: January 07, 2023 at 03:49 PM (#6112329)

I think MLB has a rule against owners owning another professional sports franchise in the same city.

Can’t find such a rule in 30 seconds of research (who would do more?), but Jerry Reinsdorf owns the White Sox & Bulls (NBA) in Chicago, and one of the leading bidders for the Nationals is Ted Leonsis, who already owns the Capitals (NHL) & Wizards (NBA) in Washington, DC.

6. RoyalsRetro (AG#1F) Posted: January 07, 2023 at 06:41 PM (#6112362)

The KC Chiefs owner tried to buy the Royals in 2000. Wayne Huyzienga owned the Marlins and Dolphins.

7. Balkroth Posted: January 07, 2023 at 06:57 PM (#6112367)

I think it is an NFL rule off the top of my head, and I think that's only if the teams are in different cities.

8. The Yankee Clapper Posted: January 07, 2023 at 07:21 PM (#6112372)

I think it is an NFL rule off the top of my head, and I think that's only if the teams are in different cities.

The NFL repealed its ban on cross-ownership in 2018:

NFL owners voted Tuesday to lift the longstanding cross-ownership prohibition, meaning they are now free to own a different professional sports team in cities that have an NFL team. That change, approved at the league’s annual fall meeting, could have a significant impact on the sports landscape.

The rule, in place for decades, prohibits owners of NFL teams from owning professional baseball, basketball, or hockey teams in other NFL markets. A big reason it was put in place was so that fellow NFL owners, partners in the league, were not pitted against each other and competing for the same sports dollar.

9. cookiedabookie Posted: January 07, 2023 at 07:35 PM (#6112374)

Ahh... yeah,I must mixed it up in my head.

10. kcgard2 Posted: January 07, 2023 at 08:16 PM (#6112382)

To add to the list, John Henry's coalition owns both the Red Sox and Penguins in Boston.

11. Pirate Joe Posted: January 07, 2023 at 08:34 PM (#6112385)

To add to the list, John Henry's coalition owns both the Red Sox and Penguins in Boston.

Did Liverpool move to Boston as well, or just the Penguins? ;-)

12. The Gary DiSarcina Fan Club (JAHV) Posted: January 07, 2023 at 11:19 PM (#6112393)

I am comfortable with this. Let's make it happen.

13. RoyalsRetro (AG#1F) Posted: January 07, 2023 at 11:40 PM (#6112396)

So where would they move to the team, cause they're certainly not staying where they are.

14. Starring Bradley Scotchman as RMc Posted: January 08, 2023 at 03:32 PM (#6112447)

Buy 'em and move 'em to Oakland! The Oakland Angels! Now Oakland has two baseball teams that no one goes to see! Mwahahahahahahaha...!! (RMc twirls moustache)

15. jacksone (AKA It's OK...) Posted: January 11, 2023 at 07:01 PM (#6112898)

Buy 'em and move 'em to Oakland! The Oakland Angels! Now Oakland has two baseball teams that no one goes to see! Mwahahahahahahaha...!! (RMc twirls moustache)

The Oakland Angels of San Francisco!

16. Cris E Posted: January 12, 2023 at 12:04 PM (#6112966)

They could buy a couple others too and hold the bunch of them hostage in Oakland. "I need more revenue sharing or I stop selling tickets entirely." The Oakland Rays, the Pittsburgh Pirates of Ashland, the Berkley Marlins: collect the whole set! You wouldn't even need a full stadium if no one was going to attend, just a high school park with some enhanced gates to keep fans away.

17. The Gary DiSarcina Fan Club (JAHV) Posted: January 12, 2023 at 12:15 PM (#6112969)

If he's moving the team, which I doubt, I have no interest in this. The team stays in Anaheim.

18. The Yankee Clapper Posted: January 23, 2023 at 07:01 PM (#6114080)

Looks like Lacob (and others) will have to wait - Arte Moreno No Longer Pursuing Sale of Angels:

“During this process, it became clear that we have unfinished business and feel we can make a positive impact on the future of the team and the fan experience,” owner Arte Moreno says in a statement released by the club. “This offseason we committed to a franchise record player payroll and still want to accomplish our goal of bringing a World Series Championship back to our fans. We are excited about this next chapter of Angels Baseball. We are grateful to Galatioto Sports Partners for their outstanding efforts throughout the process that allowed us to meet with a number of highly qualified individuals and groups who expressed strong interest in the Club. However, as discussions advanced and began to crystallize, we realized our hearts remain with the Angels, and we are not ready to part ways with the fans, players and our employees.”

Some may be disappointed.

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Friday, January 06, 2023

Warriors owner Joe Lacob confirms interest in buying Angels

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