?Now Is the Time??- LA Angels Owner Contemplating a Possible Sale of His Franchise, Expresses Feeling of ?Honor and Privilege? Over Two-Decade Long Ownership

Owner Arte Moreno is exploring options for a potential selling of the LA Angels. The desired form of ownership is still a matter of discussion. The administration is yet to evaluate the strategic alternatives.?

Arte Moreno bought the Los Angeles Angels in 2003. The Angels were fresh off from a World Series victory in 2002. Under Moreno’s administration, the Angels remained the American League West Division leaders consecutively from 2004 to 2009.?

The Angels’ authorities have retained Galatioto Sports Partners as the financial advisors to the franchise. The future of the team and a few players are still unknown. Though, the organization has declined to comment further on the topic.?

LA Angels set to be under new governance?

The new face and type of administration for the Los Angeles Angels is far from finalization. But owner Arte Moreno has decided to conclude his nearly two-decade-long reign over the Angels. Moreno is now?reportedly?on the lookout for potential buyers. The options are open for the ownership structure to agree upon whether it’s set to be an individual, a group, or joint ownership.?

In a press release statement, Moreno announced, “It has been a great honor and privilege to own the Angels for 20 seasons. 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.”?

Moreno added, “Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have finally 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.” ?

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The decision of a franchise sale for the Angels now puts all round megastar Shohei Ohtani‘s future under uncertainty. Ohtani, the MVP from the last MLB season, will be a free agent by the end of the 2023 season. However, star slugger Mike Trout got signed through till 2030 with a no-trade clause.?

The team’s performances in the ongoing edition?

Despite the presence of match-winners in their store, the Angels have failed to impress as a team. They are now ranked fourth on the American League West division list. From 2015 onwards, the Angels have seemingly lacked the firepower to win games as a unit. Given the struggles in this season, they are already out of any championship contention.?

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Will the Los Angeles Angels be a stronger team under new ownership??