Major League Baseball

Angels owner Arte Moreno no longer selling the team

Updated Jan. 24, 2023 11:17 p.m. ET

Los Angeles Angels owner Arte Moreno announced Monday that he is ending the "exploratory process" of selling the franchise and will continue ownership "throughout the 2023 season and beyond."

"During this process, it became clear that we had unfinished business and feel we can make a positive impact on the future of the team and fan experience," Moreno said in a statement. "… As discussions advanced and began to crystalize [with selling], we realized our hearts remain with the Angels, and we are not ready to part ways with the fans, players, and our employees."

What Shohei Ohtani's future looks like with Arte Moreno keeping the Angels

Ben Verlander and Alex Curry deep dive into the news that Arte Moreno said he will not sell the Angels and what it means for the team, Mike Trout and Ohtani's future.

The decision is a surprising about-face from last August, when Moreno announced that he was exploring selling the franchise after 20 seasons at the helm.

The Angels went 73-89 in 2022, missing the playoffs for the eighth consecutive season. This offseason, they've added recent All-Star pitcher Tyler Anderson, infielders Brandon Drury and Gio Urshela and outfielder Hunter Renfroe.

Two-way superstar Shohei Ohtani is a free agent after the 2023 MLB season.

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