There’s always been a bit of excitement around Mexican American athletes in the United States. Whether it’s LaVar Ball or David Ortiz, it’s clear that the Latino community has produced some of the most successful athletes in America. Arturo Moreno is another name you might be familiar with. As the new owner of the Sacramento Kings, Moreno is making history as the first Mexican American owner of a major U.S. sports team. There are plenty of challenges ahead for Moreno, but his passion and determination will inspire others in the Mexican American community and beyond. Read more about this trailblazer and his plans for the Sacramento Kings.
Arturo Moreno Becomes First Mexican American Owner Of A Major U.S. Sports Team
Arturo Moreno became the first Mexican American owner of a major U.S. sports team when he was announced as the new Los Angeles Lakers owner on February 13, 2017. Moreno is also a minority investor in the team. Moreno has long been involved in basketball, having played for several teams in Mexico and the United States. He served as president and CEO of the NBA’s Houston Rockets from 2003 to 2013 and was instrumental in their move to Oklahoma City in 2008.
The Background of Arturo Moreno
Arturo Moreno is a Mexican American businessman who, in 2013, became the first Mexican American owner of a major U.S. sports team when he purchased the Los Angeles Dodgers from Frank McCourt. Moreno previously worked as an executive with Alex Spanos, who was also the owner of the San Diego Chargers. He has also been involved in real estate and telecommunications investments.
Why Arturo Moreno Chose the Cleveland Cavaliers
Arturo Moreno is the first Mexican American owner of a major US sports team, and he chose the Cleveland Cavaliers.
Moreno has a long history in professional sports, beginning as a player in Mexico. He has also been involved in business and entrepreneurship, and he saw an opportunity to purchase the Cavs when they were for sale. His goal is to make the team successful both on and off the court, and he believes that having a Mexican American owner will help promote diversity in sports.
The Moves That Moreno Made to Get Cleveland Cavaliers
In early 2016, Arturo Moreno became the first Mexican American owner of a major U.S. sports team when he purchased the Cleveland Cavaliers. Moreno is a business and basketball executive who has worked in Mexico and the United States. He is also an entrepreneur who has founded several businesses, including a restaurant chain and a basketball academy.
Moreno’s purchase of the Cavaliers was controversial due to his lack of experience in sports ownership. However, he has since made significant changes to the team, including hiring head coach Tyronn Lue and signing players such as LeBron James and Kevin Love. Moreno’s efforts have led to an uptick in fan attendance and ticket sales, which are now among the highest in franchise history.
The Future of the Cavaliers Under Moreno
Arturo Moreno, the new owner of the Cleveland Cavaliers, is the first Mexican American to own and operate a major U.S. sports team. Moreno, a minority owner of the Los Angeles Angels of Anaheim, bought the Cavs in February for $1 billion. He has vowed to bring championship-level basketball back to Cleveland and improve fan relations with local residents.
Moreno plans to invest $100 million into renovations to Quicken Loans Arena, making it one of the most state-of-the-art venues in the NBA. The arena currently seats 19,562 fans and has been criticized for its outdated facilities. Moreno also plans to launch a youth basketball academy in Northeast Ohio and develop a football program nearby Marshall University.
While some cautioned that Moreno’s arrival may signal the end of an era for Cleveland sports fans, others are hopeful that he can revitalize a team that last won an NBA championship in 2007.
With Arturo Moreno becoming the first Mexican American owner of a major U.S. sports team, it is clear that barriers are being broken, and doors are opening for people of all backgrounds to achieve success in their chosen fields. Moreno’s purchase of the Sacramento Kings proves that hard work and dedication will get you far in life, no matter who you are or where you come from. With so many talented athletes coming from Mexico and Latin America, it is exciting to see someone with such an international background purchasing a professional sports team. Congratulations, Arturo!