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May 15, 2003 - "Mexican-American Becomes First Owner of a Major Sport Team" Arturo "Arte" Moreno purchased the Anaheim Angels, becoming the first Mexican-American to own a major sports team. Moreno purchased the team from the team from the Walt Disney Corporation. He made the
majority of the wealth he used to buy the Angels by growing the billboard company Outdoor Systems and then
selling it to Infinity Broadcasting for $8 billion. Prior to purchasing the Angels, Moreno purchased the Salt Lake Trappers minor league baseball team with a team of 17 other investors.
