Could The Angels Lose Their Angel Stadium Lease New State Audit To Probe Land Deal

California State Auditor to Investigate Failed Angel Stadium Sale

Subsidized Stadium Sale Ends in Dispute and Scrutiny

State Legislators Express Concerns Over Deal's Terms

The California state auditor is conducting an investigation into the failed sale of Angel Stadium, which has been the subject of controversy and dispute. The investigation will examine whether the Angels met their obligations under the sale agreement.

The investigation was requested by two state legislators who expressed concerns that the Angels had not fulfilled their end of the deal. The city of Anaheim and the Angels agreed to settle a dispute over the sale in June 2022, but the terms of the settlement have been the subject of scrutiny.

The state auditor's investigation is expected to focus on the following key areas:

• Whether the Angels met their obligations under the sale agreement
• The financial impact of the failed sale on the city of Anaheim
• The role of city officials in the sale process

The results of the investigation are expected to be released in the coming months.

Background on the Angel Stadium Sale

The city of Anaheim and the Angels agreed to a deal in 2019 to sell Angel Stadium and the surrounding land to a business partnership led by Angels owner Arte Moreno. The deal was contingent on the Angels meeting certain obligations, including building a new stadium and developing the surrounding land.

However, the Angels failed to meet their obligations under the sale agreement, and the deal ultimately collapsed in June 2022. The city of Anaheim has since filed a lawsuit against the Angels, alleging that the team breached the sale agreement.

Implications of the State Auditor's Investigation

The state auditor's investigation could have significant implications for the city of Anaheim, the Angels, and the future of Angel Stadium. The investigation could lead to the recovery of damages by the city of Anaheim if it is determined that the Angels breached the sale agreement.

Additionally, the investigation could lead to changes in the way that the city of Anaheim negotiates and enters into agreements with professional sports teams in the future.