Los Angeles Angels owner Arte Moreno said he dropped the idea of selling the Major League Baseball franchise and will maintain his role as owner for the upcoming 2023 season and beyond.
“During 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,” Moreno, 76, said in a statement. “This offseason we committed to a franchise record player payroll and still want to accomplish our goal of bringing a World Series Championship back to our fans.”
In August 2022, Moreno hired Galatioto Sports Partners to evaluate possible sale options for the team, which Sportico values at $2.11 billion.
“We are grateful to Galatioto Sports Partners for their outstanding efforts throughout the process that allowed us to meet with a number of highly qualified individuals and groups who expressed strong interest in the Club,” Moreno said. “However, as discussions advanced and began to crystallize, we realized our hearts remain with the Angels, and we are not ready to part ways with the fans, players, and our employees.”
Moreno has owned the Angels since 2003, when he purchased the team from Walt Disney Co. for around $180 million.
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