On second thought, Arte Moreno decided not to sell the Angels. On Monday, seven months after putting the team up for sale, Moreno announced he would retain ownership. It is not unheard of for an owner to field bids, then decide not to sell because the bids had fallen short. Moreno, 76, bought the Angels for $183.5 million in 2003, one year after the team made the only World Series appearance in its 62-year history. “Despite strong buyer interest in the Angels, Arte Moreno’s love of the game is most important to him.

Source: Los Angeles Times January 24, 2023 00:05 UTC