BREAKING Angels owner Arte Moreno says he is exploring possible sale of team
ANAHEIM, Calif. --
The Angels said they have "initiated a formal process to evaluate strategic alternatives, including a possible sale of the team," and have retained Galatioto Sports Partners as financial advisors in the process. Moreno became the first Mexican-American to become majority owner of a major league team when he purchased the Angels from The Walt Disney Co. for about $184 million in 2003. The Angels were coming off a World Series championship, and he initially oversaw the most successful run in the franchise's history.
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