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It is unclear which sound-era production superseded it as the most expensive film, although this is commonly attributed to Hell's Angels (1930), directed by Howard Hughes; the accounts for Hell's Angels show it cost $2.8 million, but Hughes publicised it as costing $4 million, selling it to the media as the most expensive film ever made. [214]
On August 23, 2022, Moreno officially announced that he would explore a possible sale of the Angels franchise. In a public statement, Moreno said that he and his family decided "now is the time" after a "a great deal of thoughtful consideration". The franchise was estimated to be worth $2.2 billion by Forbes in an analysis from March 2022. [13]
Due to the move, the franchise was known as the California Angels from 1965 to 1996 and the Anaheim Angels from 1997 to 2004. "Los Angeles" was added back to the name in 2005, but because of a lease agreement with Anaheim that required the city to also be in the name, the franchise was known as the Los Angeles Angels of Anaheim until 2015.
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It was understood that the American League wanted Sick's Stadium expanded to at least 30,000 seats by Opening Day 1969, but the league did not formally specify that figure in the franchise agreement. Eventually, the city agreed to spend at least $1.175 million to expand the stadium to 28,000 seats.
Autry named the new franchise the Los Angeles Angels. The origins of the name date back to 1892, when it was first used by a Los Angeles franchise in the California League. The Angel moniker has always been natural for Los Angeles teams, since The Angels is a literal English translation of the Spanish Los Angeles. It was also a nod to the long ...
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