Arte Moreno is no longer selling Angels

The Angels announced that the Moreno family was ending the investigative process to sell the team and would continue ownership through the 2023 season and beyond.

“Throughout this process, it became clear that we have unfinished business and feel we can make a positive impact on the future of the team and the fan experience.” owner Arte Moreno says in a statement issued by the club. ‚ÄúThis offseason we committed to a franchise record player payroll and still continue to fulfill our goal of bringing a World Series championship back to our fans. We are excited about this next chapter in Angels baseball. We are grateful to Galatioto Sports Partners for their outstanding efforts during the year that allowed us to meet a number of highly qualified individuals and groups who expressed a keen interest in the club. However, as the discussions progressed and became clearer, we realized That said, our hearts remain with the Angels, and we, along with the fans, players and our staff, are not ready to part.

Major League Baseball commissioner Rob Manfred also issued a statement on the matter, as relayed Sam Blum of The Athletic, ,Despite strong buyer interest in the Angels, Arte Moreno’s love of the game is foremost to him. I am very pleased that the Moreno family has decided to continue ownership of the team.”

Moreno, now 76, announced in August that he would explore selling the team. There were not many details of the sale process reported in the interim, although Manfred stated in December that the club was hoping to complete the sale by opening day. It appears Moreno either didn’t get an offer to his liking or had a change of heart and will be keeping the team for the foreseeable future.

He bought the team from The Walt Disney Company in April of 2003 for $184MM. The Angels were the defending champions at the time, having won the 2002 World Series. They qualified for the post-season several times over the next few years, but have since gone on a drought. They’ve made the playoffs just once since 2009, getting swept by the Royals in the 2014 ALDS and haven’t bounced back since. This came despite having some superstar players on the roster over the years, including the current Angels. mike trout And Shohei Ohtani, The club’s payroll has regularly been in the top 10 in the league during Moreno’s tenure, but he has gained a reputation as one of the owners more likely to meddle in baseball decisions, which has earned him a reputation among Angels fans. Has made a divisive person.

This off-season, despite a possible sale hanging over the club, they have been very active in pursuing upgrades. they traded for live urshela And hunter renfro when signing free agents brandon drury, Brett Phillips, Tyler Anderson And Carlos Estevez, This boosted the club’s payroll to $206MM, per roster resource, with a competitive balance tax calculation of $220MM. That payroll would actually be a franchise record as Moreno said, with Cott’s baseball contracts hitting their previous high as last year’s $189MM figure. Whether this is enough for the club to break their post-season drought remains to be seen. They would like to follow the Astros, who have dominated the division for years and just won the World Series. The young and resurgent Mariners just clinched a wild card spot last year, and the Rangers have been extremely aggressive in pursuing upgrades over the past few years.

The continuation of the Moreno regime will raise many questions that will need to be resolved in the years and months to come. From an on-field perspective, the biggest unknown is Ohtani’s future. The phenomenal two-way superstar is entering his final year of club control before he is set to reach free agency. Many are speculating about whether a new owner will be motivated to offer Ohtani a great deal to stay at Angel or prefer to start fresh by cleaning house and rebuilding. Those questions now have to be directed toward Moreno and whether they can find common ground on a deal or is Ohtani determined to spend the next part of his career elsewhere.

Off the field, there will be questions about the issues that may have led Moreno to pursue the sale in the first place. A company formed by Moreno was attempting to purchase the 150-acre Angel Stadium site from the City of Anaheim with the goal of using the land to develop commercial space, housing, restaurants and more. A tentative agreement was reached at a $320MM price point, but the potential sale drew heavy criticism from many in the field and a federal investigation into alleged corruption, violations of state laws and insider information being shared as part of the deal was started. Anaheim Mayor Harry Sidhu was personally cited in the investigation and eventually resigned. The Anaheim City Council later voted against the deal in May of 2022. The club’s lease on the stadium runs until the end of the 2029 season, with a club option to extend that lease through 2038.

There will also be league-wide questions to answer, as the Angels were one of two teams exploring Sale this winter. The other is the countrymen, although the situation appears to be mired in TV rights issues and is nowhere near a solution. For any group interested in getting into the MLB ownership game, two avenues that appeared open a few months ago now appear to be closed or perhaps untenable. The league has expressed interest in expanding from 30 to 32 teams, although Manfred has repeatedly stated that he would like to expand before each of the A’s and Rays resolve their respective stadium situations.

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