Angels owner Arte Moreno decides not to sell team, calls ‘unfinished business’ of winning World Series

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For the second half of the 2022 season and throughout the offseason, the expectation in baseball is that the Angels will welcome a new owner in the coming months. Instead, current owner Arte Moreno has decided not to sell the team. The decision was formally announced Monday afternoon.

Team statement:

In the process, it became clear that we had unfinished business and we felt we could have a positive impact on the future of the franchise and the experience for the fans. This offseason, we are committed to paying franchise record players and still want to achieve our goal of bringing a World Series title back to our fans. We are excited for the next chapter of Angels baseball.

We thank Galatioto Sports Partners for their excellent efforts throughout the process, allowing us to meet many high caliber individuals and groups who have shown a strong interest in the club. However, as the discussions deepened and began to materialize, we realized our hearts were still with the Angels and we were not ready to part ways with the fans, players and our staff.

It was August. 23. When the Angels initially announced that Moreno had put together a formal scouting sale program team. Moreno has owned the Angels since buying them from Disney in 2003 for $180 million. Note the statement above that the goal is to win the World Series. The last time the Angels did this was in 2002, the season before Moreno bought the team.

MLB Commissioner Rob Manfred also issued a statement regarding Moreno’s retention of ownership of the Angels:

The Angels went 73-89 last season despite sitting on top for about a month and a half of the season. They were 27-17 before it all fell apart. In the statement above, the 2023 payroll was mentioned, and it was a huge amount. Their player salaries appear to be slightly under $200 million, though over $100 million of that is tied with Anthony Rendon ($38.6 million), Mike Trout ($37.1 million) and Shohei Ohtani ($30 million). .

The Angels did add some noteworthy players this offseason, like left-handed starter Tyler Anderson and utility bat Brandon Drury. The season-long health of Trout and Rendon will also change.

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