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On Monday, Angels owner Arte Moreno shockingly announced that he would no longer be selling the team. Despite a long offseason of scrutinizing buyers and scrutinizing numbers, Moreno wants to pull out and instead participate in turning around the franchise he’s owned for 20 years.
Confirming the sale would take place earlier this offseason, MLB Commissioner Rob Manfred issued a statement regarding Moreno’s decision to keep the team. Here’s what he said:
“Despite strong buyer interest in the Angels, Arte Moreno’s love of the game is paramount to him.
There was a lot of interest and at least six buyers were involved in buying the team. The Angels were expected to break the MLB franchise record at around $2.5 billion. Instead, however, Moreno decided to keep the team and work towards a return to the postseason.
Here is Moreno’s full statement released via the Angels’ Twitter account:
“During this process, it became clear that we had unfinished business and felt we could have a positive impact on the future of the team and the fan experience. I’m excited for the next chapter in Angels baseball.
“Throughout the process I was able to meet with many talented individuals and groups who expressed a strong interest in the club, I would like to thank Galatioto Sports Partners for their outstanding efforts throughout the process. “Our hearts are with the Angels and we are not ready to part ways with our fans, players and employees.”
After all, the Angels won’t get a new owner this offseason and will be Moreno’s team after 2023 — just in time for Shohei Ohtani’s impending free agency.
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