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Current owner of the Angels, Arturo Moreno, made his money in advertising. He was President and CEO of Outdoor Systems, a billboard company that he created with a partner. Profits skyrocketed under his leadership and when he took made the company public, stock prices were also high. He and his partner sold the company in 1999 to Infinity Broadcasting for $8.7 billion in Infinity stock.

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Q: How did the owner of the Anaheim Angels get rich?
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How did the Angeles Angels of Anaheim get their name?

In 1961 the club started in Los Angeles and they named the team the Angels to reflect that. In 1966, the team moved to Anaheim and became the California Angels. When Disney bought the team in 1997, they began renovations on Anaheim Stadium with the City of Anaheim contributing $30 million dollars under the agreement that "Anaheim" appear in the team name. Hence the Anaheim Angels were born. In 2005, new owner Arte Moreno changed the name to the Los Angeles Angels of Anaheim, in order to tap into the large media market in LA and also coincide with legal agreements with the City of Anaheim.


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