Angels owner Arte Moreno takes franchise off market, won't sell team in 2023

"Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time," Moreno said, per the August statement."Throughout this process, we will continue to run the franchise in the best interest of our fans, employees, players, and business partners."

Moreno, 76, bought the Angels from the Walt Disney Company in 2003 for $183.5 million. The Angels were expected to fetch at least $2.5 billion on the open market, according to the Los Angeles Times. Details on why a deal failed to materialize beyond the Angels statement were initially unclear."Despite strong buyer interest in the Angels, Arte Moreno's love of the game is most important to him," Manfred's statement reads.

The Angels won the franchise's only World Series championship over the San Francisco Giants in 2002, the year before Moreno bought the team. In the 20 seasons since, the Angels have made the postseason six times without a return trip to the World Series. Last season marked the eighth straight without a playoff appearance. They haven't posted a winning record since 2015.

The Angels' struggles have coincided with the tenure of Mike Trout. The franchise has failed to build a winner around the the three-time MVP, who's played his entire 12-season MLB career with the Angels. They've likewise failed to advance to the playoffs with the addition of another generational talent in Shohei Ohtani, who's made two All-Star teams in addition to securing AL Rookie of the Year and MVP honors during his five-year stint in Anaheim.

While Trout has eight years remaining on his 12-season, $426.5 million contract, Ohani's long-term future is unclear. He'll play the 2023 season on a one-year, $30 million deal

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Arte Moreno no longer selling Angels, plans to remain owner for '2023 season and beyond'Breaking: The Angels announced Monday they are no longer pursuing a sale of the franchise, keeping owner Arte Moreno in control of the team for 2023 and beyond. Angels Major L
Source: latimes - 🏆 11. / 82 Read more »

Arte Moreno ends efforts to sell AngelsMoreno announced in August that he was exploring a bid to sell the team, but he now says that “we have unfinished business and feel we can make a positive impact on the future of the team and the f… Worst owner ever. Took a championship team over and is now a laughing stock
Source: ladailynews - 🏆 332. / 59 Read more »

Arte Moreno ends process to sell Angels as Shohei Ohtani deal loomsThe team announced Monday that owner Arte Moreno is ending the exploratory process of selling the team, which began in August.
Source: nypost - 🏆 91. / 67 Read more »

Arte Moreno to maintain ownership of Angels after exploring saleAngels owner Arte Moreno announced Monday that he plans to continue overseeing the franchise for the foreseeable future, despite exploring the possibility of a sale five months earlier. eyeroll Bad news for Angel fans Angels fans be like…
Source: ABC7 - 🏆 67. / 68 Read more »

Sacai Men’s Fall 2023 and Women’s Pre-Fall 2023At the Sacai men's show there were some terrific colors and silhouettes that will definitely work eight months from now, if not in 80 years' time.
Source: wwd - 🏆 24. / 68 Read more »

Celebrity Hair Makeovers of 2023Chop chop! Hailey Bieber has debuted a new bob haircut — and it looks SO CHIC (via toofab) TooFab Literally almost nobody gives a fuck. TooFab tmz who cares TooFab
Source: TMZ - 🏆 379. / 59 Read more »