Partnerships between baseball teams and media companies rarely seem to go as planned. In 1981, the Chicago Cubs were sold for $20.5 million by William Wrigley to the Tribune Company. In 1998, Walt Disney bought the Anaheim Angels for $150 million. As the New York Times reported, when Disney bought the Angels, "Disney executives thought they could own a suite of sports entertainment assets, which included the N.H.L. Disney sold the team in 2003 to Arturo Moreno for $180 million.

Source: Forbes December 06, 2017 18:45 UTC