Quick Notes: Los Angeles Angels owner Arte Moreno exploring a potential sale of the team
Arte Moreno, who has presided over the franchise for the better two decades, has initiated a formal process to evaluate strategic alternatives, including a possible team sale.
Is the Los Angeles Angles up for sale?
According to the Los Angeles Angles, Owner Arte Moreno announced that he is exploring a potential team sale. Moreno has been the owner of the Los Angeles Angels for the past twenty years. Arte Moreno bought the team for about $180 million from the Walt Disney Co. in 2003. The announcement comes about three months after the city of Anaheim's planned sale of Angel Stadium to Moreno's company was scrapped amid a political scandal that led the mayor to resign.
Catching up on some Major League Baseball news from yesterday, the Los Angeles Angels owner Arte Moreno is exploring a potential team sale, according to the team's official Twitter account.
“It has been a great honor and privilege to own the Angels for 20 seasons," Moreno said. "As an Organization, we have worked to provide our fans an affordable and family-friendly ballpark experience while fielding competitive lineups which included some of the game’s all-time greatest players. Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time. Throughout this process, we will continue to run the franchise in the best interest of our fans, employees, players, and business partners.”
Arte Moreno bought the team for about $180 million from the Walt Disney Co. in 2003. The announcement comes about three months after the city of Anaheim's planned sale of Angel Stadium to Moreno's company was scrapped amid a political scandal that led the mayor to resign.
More to come...
