Arte Moreno, who bought the Los Angeles Angels in 2003, is exploring a sale of the team.
Moreno, who bought the team for $180 million in 2003, made most of his money with his company Outdoor Systems.
Los Angeles Angels owner Arte Moreno is exploring a possible sale of the team and other strategic options, the team announced Tuesday. "It has been a great honor and privilege to own the Angels for 20 seasons," Moreno said in a release."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."
The Angels are valued at $2.2 billion, according to Forbes. The team is under .500 for the season despite the standout performance of pitcher and designated hitter Shohei Ohtani.Download NBC 5 Dallas-Fort Worth
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