This marks a big milestone as the team now has a new owner and will look to improve their performance on the field in the future. arturo moreno is an accomplished businessman with a long history of investing in successful businesses, so it’s no surprise he chose to purchase the Anaheim Angels baseball team. He knows the importance of having a winning team and believes that with hard work and dedication, the Angels can achieve great things.
Background of Mexican Billionaire Arturo Moreno
Born in Mexico City in 1954, arturo moreno is the chairman and CEO of Grupo Elektra, one of Mexico’s leading conglomerates. In 2006, he was ranked No. 99 on Forbes’ list of the richest people in the world, with a net worth of $5.7 billion.
Moreno has a long record of philanthropy, giving away more than $300 million since 1997. His main focus is education, healthcare, and social development initiatives in Mexico and Central America. He currently gives away around 40% of his income through various charities.
In 2014, Moreno bought the Anaheim Angels baseball team for $500 million – making him the most successful Mexican-born businessperson ever. The Angels had been struggling financially for years before he took over and quickly turned things around, winning two division titles and making it to the playoffs in his first season as owner.
How Moreno Purchased The Anaheim Angels Baseball Team
In 2000, Mexican billionaire Arturo Moreno purchased the Anaheim Angels baseball team. The sale was considered one of the largest in sports history. Moreno is best known for his family’s ownership of Grupo Hiba, a food and beverage company. He also owns shares in other sports franchises, including Premier League soccer club Liverpool F.C. Edited by Shannon Riggs.
Reasons for the purchase
Arturo Moreno, the Mexican billionaire, has purchased the Anaheim Angels baseball team. Moreno is the founder and chairman of Grupo Televise, one of Mexico’s largest media conglomerates. The purchase price was not disclosed, but Forbes estimates it is worth $2 billion. Moreno plans to keep the team in Anaheim and make it a global brand. He is also interested in expanding the franchise into new markets.
Moreno first became interested in baseball in 1992 when he went to see the Los Angeles Dodgers play in Mexico City. He later founded Tele visa’s sports division and began investing in other sporting franchises across Latin America. In 2006, he acquired a majority share in Club América from entrepreneur Fernando Suárez for $150 million. This made him one of Mexico’s most powerful business people and allowed him to enter the American sports market.
The purchase of the Angels marks a major milestone for Moreno as it represents his return to investing in North American sports properties. The team had been struggling financially under previous ownership and had been on the verge of being sold earlier this year. The acquisition will provide much-needed financial stability for the team and give Moreno increased leverage within American MLB franchising circles.
While some skeptics question whether Moreno is truly committed to keeping the Angels in Anaheim (and not moving them to another city), his track record indicates that he is willing to invest money and resources where they will have the biggest impact – on
Moreno’s Plans for the Angels Franchise
Arturo Moreno is no ordinary Mexican billionaire. The 66-year-old business mogul, who Forbes magazine recently declared Mexico’s richest person with a net worth of $9.8 billion, is also one of the country’s most influential private citizens. He is the chairman and owner of Grupo Modulo, one of Latin America’s most successful beer brands, and a producer and distributor of telephone services and cable television networks. But his ownership stake in the Los Angeles Angels baseball team has captured the nation’s attention.
Moreno announced on Dec. 7 that he had bought the Anaheim Angels for an undisclosed sum from Jerry Weinstein and his family, owners since 2006. While many were quick to attribute Moreno’s acquisition to his company’s recent success in negotiating lucrative television rights contracts in Mexico (the deal reportedly values Angel TV at more than $160 million over six years), some believe it goes much deeper than that.
“I don’t think this was purely about making money,” said Paco Estrada, an Latin American sports ownership expert who has followed Moreno’s evolving interests for years. “This was a part investment—part hobby, part trophy acquisition. “The purchase gives Moreno bragging rights as one of only four Mexican billionaires to own Major League Baseball teams outright (the other.