First Latino Owner of Major League Baseball Team

On May 15, 2003, Arturo “Arte” Moreno became the first Latino to own a Major League Baseball team, the Anaheim Angels.  Moreno is a fourth generation Mexican American born in Tucson, Arizona.  He and his ten brothers and sisters were raised in a two-bedroom, one bathroom home.  Moreno made his wealth the old fashioned way — he earned it.  He entered a partnership for an outdoor billboard company, building revenues from $500,000 to $90 MM.  He and his original partner later sold the business for $8 billion.  He expressed his team ownership philosophy in an interview with USA Today, “The fans own the team.  I’m the economic caretaker.”  (Photo by Stephen Dunn, Getty Images)

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