on Monday, Five months later Putting the team up for sale, Moreno announced that he would retain ownership. Potential buyers were reviewing the team’s finances and visiting the stadium, and preliminary bids were scheduled for the next month.
“Throughout this process it has become clear that we have unfinished business and we feel we can make a positive impact on the future of the team and the fan experience,” Moreno said in a statement. “This season, we’ve stuck to franchise record player pay scales and still want to achieve our goal of returning the World Series to our fans.”
In August, Moreno announced that it had hired an investment banker, stopping short of an unconditional commitment to sell, but saying the process should begin. “Now is the time,” Moreno said in a statement.
Not surprisingly, the owner bids, and then decides not to sell because the bids fell short. In this case, with the Angels expected to sell for a record price for a Major League Baseball franchise—at least $2.5 billion—Moreno decided over the past week to simply call off the sale without taking any bids.
like angels Fortress their list This winter, Moreno is said to have been active in retaining ownership, and as such his decision was not about how many potential buyers there were or what they might have a bid for.
More than half a dozen potential buyers have expressed interest, incl Joe Lacobowner of the defending NBA champion Golden State Warriors; Patrick Soon Xiong, owner of the Los Angeles Times; and investors from Japan.
It is uncertain whether or not such a standard MLB show would ever materialize. The Washington Nationals haven’t found a buyer despite being up for sale since April. The Baltimore Orioles and Miami Marlins may soon be up for sale, according to MLB sources who declined to be identified, and the Oakland Athletics and Tampa Bay Rays still have to secure the new ballpark each team has sought for more than a decade.
It is also uncertain whether the Angels bidder will request a price adjustment. The Angel Stadium lease expires in 2029, and the owner will likely have to choose between spending hundreds of millions of dollars on renovation costs, spending $1 billion on a new stadium or trying to find a new home.
Moreno and the City of Anaheim had agreed to a deal that would see him keep the team in the city until 2050, renovate or replace Angel Stadium at his expense, and build a neighborhood over the stadium’s parking lots.
The city killed that deal In May, amid a federal corruption investigation in which an FBI agent said former mayor Harry Seydoux shared classified information about the city with the Angels in hopes of securing a $1 million campaign contribution. Seydoux resigned, but denied any wrongdoing and was not charged with a crime.
However, the collapse of that deal marked the second time in a decade that City had walked away from an agreement with Moreno, turning his attention to a potential sale of the team within weeks. It is uncertain whether he will consider a third round of negotiations with Anaheim.
“When the time is right, the city will be welcome and open to having these types of long-term discussions,” said Anaheim Mayor Ashley Aitken. “Now, we’ll let the dust settle.”
Moreno The decision could complicate the Angels’ efforts to retain her Actress Shuhei Ohtani, who can leave as a free agent after the season ends. Otani made it clear that he wanted to win. Under Moreno’s ownership, the Angels haven’t won a postseason game since 2009 or played in one since 2014, tied with the Detroit Tigers for the longest running drought in baseball.
In the fall, the Angels agreed to A.J One-year, $30 million contract with Ohtani, with Moreno intending to allow a new owner to consider a long-term deal with Ohtani. This consideration now belongs to Moreno, who signed Mike Trout in 2019 To what is still the richest contract in baseball history: $426.5 million.
The Angels also agreed to a one-year contract with Phil Niven, who finished last season as interim manager, so that the new owner could consider his own management team. This consideration also belongs to Moreno.
Under Moreno, the Angels fell far behind their competitors In developing scouts and players.
Nevin said he thought Moreno staying was “fantastic”.
“When you don’t win, fans will point fingers at a lot of things, but they shouldn’t be pointed in his direction,” Nevin said. “He wants to win as badly as anyone else, and our job now is to give him that chance. He gave us the resources to put us in a good position for this, and now it’s on us.”
Moreno, 76 Angels bought for $183.5 million in 2003, one year after the team won the title Only World Series appearances in its 62-season history. Starting in 2004, the Angels have won the American League West championship in five out of six years.
However, the Angels have endured seven straight losing seasons. They sold 3 million tickets every year from 2003 to 2019, but they sold 2.46 million tickets last year.
Through a spokesperson, Moreno declined to comment beyond his statement.
“Despite strong buyer interest in The Angels, Arte Moreno’s love of the game is most important to him,” MLB Commissioner Rob Manfred he said in a statement. “I am very happy that the Moreno family has decided to continue owning the team.”
“I won’t sell either,” the former Angels star Tori Hunter He said. “The Angels are a Major League Baseball club, man, they’re in Orange County, and I think a little more marketing, a couple more wins, and this franchise is going to change.”
Hunter said he had a good idea of what Moreno meant when he said he had “unfinished business”.
“I’m sure he’s talking about a championship,” Hunter said. “I mean, you’ve got two of the best players in the world. Whoever signed overseas, they [are] They’re still the two best players in the world, right? Maybe you need some promotion. So he probably has a plan, and hopefully within the next year or two, that plan will be, because the Angels are still my team.”
Tim Salmona member of the Angels Hall of Fame and current broadcaster for the team, said he was “pleasantly surprised” by Moreno’s decision to retain ownership.
“I love Artie,” Salmon said. “I love the things he’s done. I’m a supporter. I think he’s an owner who’s passionate about winning, and every player would love to play for someone like that.”
“And I know people have concerns when something doesn’t go right, but at the end of the day, to wake up every winter and see the guy sign everyone possible to improve your team… I mean, we’ve been here for 10 years where we’ve done none of that, So the variance is huge. And that’s why I’m a big supporter.”