Anaheim Sports - History

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:

    All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!
    Camille Paglia (b. 1947)

    No matter how vital experience might be while you lived it, no sooner was it ended and dead than it became as lifeless as the piles of dry dust in a school history book.
    Ellen Glasgow (1874–1945)

    Every member of the family of the future will be a producer of some kind and in some degree. The only one who will have the right of exemption will be the mother ...
    Ruth C. D. Havens, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)