(Anaheim) Los Angeles Angels owner Arte Moreno said he was exploring the possibility of selling the team.
Moreno acquired the Angels in 2003, a year after they won the World Series. He spent a lot of money getting older stars in the free agent market like Albert Pujols and Josh Hamilton, but the team hasn’t played in the Fall Classic since he took over ownership.
The Angels are expected to miss the playoffs for the eighth straight season despite having two of the best players in the league, Mike Trout and Shohei Ohtani.
“It has been a great honor and privilege to own the Angels for 20 seasons,” Moreno said in a statement. While this difficult decision is entirely ours and we took it very seriously, my family and I have finally decided that the time has come. »
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Moreno’s announcement comes at a critical time for the team, as Ohtani could become a free agent after the 2024 season. He has not hidden his desire to play with a winning team. If the team cannot reach a long-term deal with Ohtani, he could be traded before leaving via the free agent market.
For his part, Trout is under contract until the end of the 2030 season, for 12 seasons worth $426.5 million. He played in just three playoff games with the Angels, all three in 2014, although he is possibly the best Major League Baseball player in a decade.
The team hired Galatioto Sports Partners as a financial adviser and said it would not comment further.
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