Henry Samueli, co-founder of Broadcom Corp., has agreed in principle to purchase the Anaheim Mighty Ducks hockey franchise from the Walt Disney Co. for a price said to be in the $50 million-$60 million range; Disney paid $50 million for the rights to enter the franchise into the National Hockey League as an expansion team in 1992.
Deal is subject to approval by the NHL.
Team has been on the market for years, even during the run-up to its Stanley Cup appearance during the 2003-03 season.
Samueli’s company operates the Arrowhead Pond, where the Mighty Ducks play.
Team is the second team Disney has unloaded in two years; Arte Moreno bought the Anaheim Angels in 2003.
“Our acquisition assures that the Mighty Ducks will remain in the hands of local ownership committed to keeping the team in Orange County,” Samueli said.
The current hockey season was cancelled due to a management lockout after last-minute negotiations failed to bring resolution to issues including a salary cap.