The settlement, signed July 11, will have the Angels credited $2.75 million of the city’s share of stadium revenue.
F-15C Eagles from the California Air National Guard’s 144th Fighter Wing fly over a 150-foot by 300-foot American flag during the singing of “The Star-Spangled Banner.” On Opening Day at Angel Stadium in Anaheim, CA, on Friday, April 7, 2023. Anaheim and the Angels have agreed to a $2.75 million settlement, city officials announced Monday, July 15, two years after the City Council called off the sale of Angel Stadium after it was revealed federal investigators were looking at the negotiations.
Each year, the city gets a share of stadium revenue once certain benchmarks are passed for ticket sales, parking and special events. City officials estimate it will take two to three years for the $2.75 million credit to be paid off.The Angels organization declined to comment on the settlement. The two sides were in discussions in recent months over the claim, according to a city news release. The city manager, city attorney, the Angels and SRB Management all signed the settlement agreement on July 11.
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