The Los Angeles Angels will not be getting a new owner as Arte Moreno decides not to sell his baseball team.
MLB Commissioner Rob Manfred said he is “very pleased" Moreno is staying in the game.
Moreno is an outdoor advertising mogul from Arizona who originally bought the Angels from the Walt Disney Company in 2003, shortly after the franchise won its only championship. The Angels' fortunes under Moreno have flagged mightily since an appearance in the ALCS in 2009. Despite a hefty payroll and big-market fan support, the Halos have not won a playoff games in the past 13 years, making just one postseason appearance in 2014 and getting swept.
While Moreno's willingness to write big checks has never waned, his insistence on involving himself in some of the Angels' biggest deals has drawn heavy criticism and rarely yielded good results. Moreno made the final decision to hand out massive contracts to several players including Albert Pujols, Josh Hamilton and Anthony Rendon in recent years, and nearly every one of his big-money free agent gambles hasn't paid off richly as as he hoped.
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