Purchase of baseball team in doubt after talks break off with city over stadium renovation
The Wait Disney Co. let its purchase agreement with the California Angels expire last week, saying it could not come to terms with the city of Anaheim on a proposed $100 million renovation of the team's home stadium.
Disney's plan to buy a 25% stake in the team from owners Gene and Jackie Autry hinged on Disney's reaching an agreement with the city by March 18. The deal, approved by Major League Baseball in January, would have made Disney a managing general partner with an