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Disney spokeswoman Leslie Goodman did not immediately return a phone call Tuesday seeking comment Soon after the win, Disney Chairman and Chief Executive Michael Eisner said the company was being more aggressive about finding a buyer Report: Disney Agrees to Sell Angels Apr 16, 7:40 AM EST The Walt Disney Co "If you ran them for Orange County and Southern California, and pay what it takes for salaries, then you have the negative impact of losses It also signed a 33-year lease with Anaheim, with a clause that keeps the Angels in the city until at least 2017, even if Disney sells the team According to Forbes magazine, Moreno has an estimated net worth of $940 million, most of which was amassed by selling his outdoor advertising empire "If and when they reach a final agreement, they would contact us Major league baseball had not heard about a deal being reached " Disney acquired the rest of the team after Autry's death in 1998, paying a total of $147 million The Angels won the first World Series in their 42-year history last fall, but Disney has taken steep losses since becoming involved with the team seven years ago The publications cited anonymous sources familiar with the deal in their Tuesday reports agreed in principle to sell the Anaheim Angels to Phoenix businessman Arturo Moreno for about $180 million, various media outlets reported The cross-promotion was designed to keep tourists in Anaheim, but the strategy hasn't worked for the company "We haven't received anything final with anyone, and we know they are negotiating with that gentleman," Bob DuPuy, baseball's chief operating officer, told The Associated Press Nothing has been submitted Disney has been trying to sell the Angels and its other sports franchise, the NHL's Mighty Ducks of Anaheim, for several years The company also spent nearly $100 million to refurbish the team's stadium, renaming it Edison Field " The 56-year-old Moreno, a former minority investor in the Arizona Diamondbacks, would become the first Mexican-American to become majority owner of a major league team Disney bought a minority interest in the then-California Angels in 1996 from Gene Autry, who had owned the team since it joined the American League as an expansion franchise in 1961 Moreno could receive approval before the baseball season concludes in October but it unlikely that approval could be granted as soon as next month when team owners meet because Disney has not yet submitted the proposed agreement The efforts intensified after the Angels won the World Series last year The idea was that Disney could promote its teams at its theme parks and tout those parks and other products at games "The problem with a company like ours is, if you run them (sports teams) for the shareholders, you would have a negative impact on Disneyland and Orange County â€â€? you couldn't pay the salaries," Eisner said in November Loyola University law professor Laurie Levenson said the change could mean Jackson lost faith in his attorneys, or they in him "And that's what we elected to do The case will not only take up much of Geragos' time, but it also could have made it more difficult for Jackson to find an unbiased jury, she said Contents of the indictment are not yet known and will be disclosed at his arraignment Jackson's case moved into a new phase last week when a grand jury secretly indicted him on child molestation charges Geragos, who was in Northern California handling the Scott Peterson murder case on Sunday, said he, Brafman and Mesereau will notify Santa Barbara County Superior Court Judge Rodney Melville of the substitution of counsel during a conference call Monday Levenson said Geragos' work on the Peterson case may be a factor He declined to discuss reasons for the change " Mesereau declined to answer questions Sunday " Asked why, Brafman said, "For reasons we choose not to discuss publicly The pop superstar's new lawyer will be Thomas Mesereau Jr "I'll have no comment on the developments until I appear in court Friday," he said, referring to a pretrial hearing where Jackson is expected to be arraigned Jackson is free on $3 million bail and recently has been staying at a Florida compound with his children The indictment means that a grand jury has decided there is probable cause to hold Jackson for trial "Based on recent developments and discussions with various persons in the Jackson camp, it became clear that it would be best if Mark and I decided to step down," Brafman said Bain, said she was unaware of the change when asked about it by a reporter Santa Barbara District Attorney Thomas Sneddon had no comment, said Jason Karpf of Tellem Worldwide, a firm handling media inquiries for Sneddon in the Jackson case He said Mesereau was unwilling to take the case at the time because he was tied up with the Blake case Jackson's spokeswoman, Raymone K She also said Geragos and Brafman may have previously agreed to take the case only through its preliminary stages " He added, "We both wish Michael well Dana Cole, an attorney who has worked closely with Mesereau on cases including Blake's, said Mesereau was approached by Jackson soon after he was charged with child molestation "Michael Jackson has always been very impressed with the pro bono work and contributions Tom has made in the African-American community," Cole said Jackson, 45, was originally charged with seven counts of lewd or lascivious conduct involving a child under 14 and with administering an intoxicant, reportedly wine, to a child under 14 , another well-known criminal defense attorney who represented actor Robert Blake in his murder case until they recently parted company, citing irreconcilable differences Michael Jackson Replaces Attorneys Apr 25, 5:20 PM EST Michael Jackson is replacing high-profile attorneys Mark Geragos and Benjamin Brafman in his child molestation case, the lawyers told The Associated Press on Sunday |
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