ANAHEIM – Today, Angels Baseball announced that the Organization has initiated a formal process to evaluate strategic alternatives including a possible sale of the team.
Owner Arte Moreno stated, “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.”
“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.”
The Angels Organization, which has retained Galatioto Sports Partners as Financial Advisor for the process, will not have any additional comment during this time.
About the Angels:
The Los Angeles Angels joined Major League Baseball as an expansion team in 1961 and have since gone on to win nine American League Western Division Championships, host three All-Star games and capture the 2002 World Series Championship. Over its 61-year history, the franchise also boasts six MVP’s, two Cy Young winners, three Rookie of the Year winners, 39 Rawlings Gold Glove winners and 160 All-Stars. Visit the Angels online at www.Angels.com, follow on Twitter, Instagram and TikTok @Angels and like on Facebook at www.facebook.com/Angels. For media information, visit www.angelspressbox.com.