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Eisner basks in angel glow, but series champs still on the block. (Media & Technology).


The Anaheim Angels' World Series victory has delayed but not altered plans by Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966)
Disney, Walter Elias Disney
 Co. to unload To remove a program from memory or take a tape or disk out of its drive.  the team in the next few months.

Despite the sight of Disney Chief Executive Michael Eisner Michael Dammann Eisner (born March 7, 1942) was CEO of The Walt Disney Company from September 22, 1984 to September 30, 2005. Early life
Michael Eisner was born to a wealthy family in Mt. Kisco, New York, and raised on Park Avenue in Manhattan.
 cheering the Angels' stunning victory, the Burbank-based entertainment giant shows no indication that it is pulling back from its efforts to find a buyer, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 sources and news reports.

Looking to unload its money-losing assets, Disney hired Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking.  Inc. last month to find a buyer for both the Angels and the Mighty Ducks
For other uses, see The Mighty Ducks (disambiguation).


Mighty Ducks is a half-hour Disney animated series aired on ABC and The Disney Afternoon in the fall of 1996. Twenty-six episodes total were produced.
. Several potential buyers have emerged, including Carlos Peralta, a Mexican billionaire and a group led by former baseball commissioner Peter Ueberroth Peter Victor Ueberroth (born September 2, 1937 in Evanston, Illinois) is an American executive. He served as the 6th commissioner of Major League Baseball from 1984 to 1989, and is currently head of the United States Olympic Committee. .

Other potential buyers are expected to enter the bidding once Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation).
Major League Baseball (MLB) is the highest level of play in North American professional baseball.
 allows them to inspect the team's financial records, according to The Wall Street Journal.

The question is not so much whether a sale will take place but how much of a premium will be placed on a World Series championship. Up until a few weeks ago, the price tag for the Angels had been pegged a little more than $200 million, but that price might now reach $275 million, by some estimates.

Forbes magazine estimates the Angels' market value at $195 million, based on its current stadium deal with Edison Field and without a deduction for debt. The valuation ranks the Angels 23rd among the 30 major league teams.

Certainly, winning the World Series will have its financial plusses, such as increased attendance, higher ticket prices and greater demand for lucrative luxury boxes.

Playing on a national stage also should help boost merchandise sales. "After the World Series, there will be a heightened awareness of the brand," said Angels spokesman Tim Mead.

But winning could also bring headaches for team officials, who can expect to cough up more cash in the next few years to keep their lineup together.

"They will get more revenue, especially if they win," said Paul Staudohar, a sports economist at California State University Enrollment
, Hayward. "But their payroll will go up. There is a strong correlation between winning records and high payrolls."

Anaheim's opening-day payroll was $61.7 million, the 15th-highest in Major League Baseball. By contrast, the Yankees, knocked out by the Angels in the first round of the playoffs, boasted a payroll of $126 million.

While Mead said the "core of our team is signed through 2004," the Angels could be hit hard through arbitration. Several emerging young players are arbitration-eligible this off-season, which means potentially hefty raises.

Estimates have the Angels taking in up to $16 million in additional revenues by reaching the World Series. Prior to making the playoffs, officials projected that the team would lose $18 million this year, in spite of a 15 percent hike in regular-season attendance.

Major League Baseball figures show the Angels broke even last year.

Next year, all but a few of Edison International Edison International (NYSE: EIX) is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and un-regulated non-utility assets Edison Mission Energy, a power producer, and Edison Capital.  Field's luxury boxes have been sold.

The Angels won't get a big revenue boost from a potential TV deal after playing in the Series. The team is locked into a 10-year deal with Fox Sports Net, which paid them $5 million this year, the fourth in the deal.

While Anaheim won't be getting more in terms of TV, the club stands to gain more revenue-sharing money, thanks to the new collective bargaining collective bargaining, in labor relations, procedure whereby an employer or employers agree to discuss the conditions of work by bargaining with representatives of the employees, usually a labor union.  pact between the league and the players' union. Last year, the team took in about $9 million from the program.

Disney has said it is open to selling the team if a potential buyer is reputable and agrees to keep the Angels in Anaheim.

Disney bought a 25 percent stake in the Angels in 1996, consolidating the team under its Anaheim Sports umbrella.

Staff and wire reports contributed to this story.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Title Annotation:Michael Eisner plans sale of Anaheim Angels
Author:Reed, Vita
Publication:Los Angeles Business Journal
Geographic Code:1USA
Date:Nov 4, 2002
Words:624
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