For $325m, the Angels sign...

[totdprods]

...a deal to keep the Angels in Anaheim through 2050, per Bill Shaikin on Twitter. They’ll purchase the stadium and surrounding parking lots.

The #Angels and the city of Anaheim have reached agreement on a new deal that keeps the team in town through 2050. The Angels will buy the stadium and surrounding parking lots for $325 million.

— Bill Shaikin (@BillShaikin) December 4, 2019

Edited December 4, 2019 by totdprods

[kevinb]

Great news for the city and for the Angels

[Taylor]

Dangit, was really hoping for that Long Beach stadium that was 8 miles to the closest freeway.

[Angel Dog and Beer]

And I was really hoping for the Newport Peninsula location. 

[Claude]

Nice fleecing Arte. Estimated value $900M.  

[totdprods]

Interesting to see if they do big renovations now or look at a plan to build a new stadium on a lot?

[bloodbrother]

So less than what they are paying Mike Trout

[HaloSpurs]

Can someone more knowledgable than me explain what this likely means going forward?

[JAHV76]

Great news!

[Angel Dog and Beer]

This is great. Change the name back to California Angels, add a navy blue hat, and build a kick-ass modern stadium. Oh yeah, and lower beer prices again. 

[red321]

nice...really is the best location for the team. All of Orange county, parts of LA county and Inland Empire...will be interesting to see what they do.

[Thomas]

4 minutes ago, Calzone 2 said:

Nice fleecing Arte. Estimated value $900M.  

900M - 325M sounds about right for a new open air stadium.

[totdprods]

They’ve hired an architectural firm to explore both renovation and new stadium options, per the OCR article Fletcher just tweeted. 

https://www.ocregister.com/2019/12/04/angels-agree-to-stay-in-anaheim-through-2050-stadium-to-be-sold-for-325-million/amp/?__twitter_impression=true

[Thomas]

3 minutes ago, Angel Dog and Beer said:

 Change the name back to California Angels,

Can't happen based on MLB rules regarding state monikers with multiple teams in the state. 

[Ace-Of-Diamonds]

1 minute ago, Thomas said:

900M - 325M sounds about right for a new open air stadium.

Sounds like the pawn stars negotiated the deal...

[Ace-Of-Diamonds]

3 minutes ago, totdprods said:

They’ve hired an architectural firm to explore both renovation and new stadium options, per the OCR article Fletcher just tweeted. 

https://www.ocregister.com/2019/12/04/angels-agree-to-stay-in-anaheim-through-2050-stadium-to-be-sold-for-325-million/amp/?__twitter_impression=true

Same firm that's building the new stadium for the Rangers...

[ukyah]

i think this could be good for the angels long term financial prospects. /s

[floplag]

Fantastic news, and a world of possibilities now that the club owns it all.
That having been said the next person that even suggests this club doesnt have money for the on field product gets the hose... 

[Jeff Fletcher]

10 minutes ago, Thomas said:

Can't happen based on MLB rules regarding state monikers with multiple teams in the state. 

What rules are those? What about the Texas Rangers?

[Thomas]

Just now, Jeff Fletcher said:

What rules are those? What about the Texas Rangers?

The report came out iirc about a decade ago. Existing teams such as the Rangers were grandfathered.

[ukyah]

Just now, Jeff Fletcher said:

What rules are those? What about the Texas Rangers?

if he's correct, then i would assume they were grandfathered. probably was true of the angels until they gave that up by voluntarily changing their name. all of that assuming he was correct.

[Jeff Fletcher]

12 minutes ago, totdprods said:

They’ve hired an architectural firm to explore both renovation and new stadium options, per the OCR article Fletcher just tweeted. 

https://www.ocregister.com/2019/12/04/angels-agree-to-stay-in-anaheim-through-2050-stadium-to-be-sold-for-325-million/amp/?__twitter_impression=true

Hey guys, if anyone would like to comment on this for the updated version of the story, drop an email to Alicia Robinson, who is our reporter covering this.

arobinson@scng.com

Thanks!

[Don]

2 minutes ago, Thomas said:

The report came out iirc about a decade ago. Existing teams such as the Rangers were grandfathered.

Then perhaps a re-grandfathering?

[Dick B Back]

Instead of spending on a 29 year old pitcher, they plopped the cash on a 50 year old stadium.

[wopphil]

What happens after 30 years? If they bought everything, dont they get to stay indefinitely?