Five months after putting the team up for sale, Arte Moreno announced he would retain ownership of the Angels.
It is uncertain whether such a record MLB bid would have materialized. The Washington Nationals have not found a buyer despite being up for sale since April. The Baltimore Orioles and Miami Marlins could go up for sale soon, according to MLB sources who declined to be identified, and the Oakland Athletics and Tampa Bay Rays have yet to secure the new ballpark that each team has sought for more than a decade.
Moreno and the city of Anaheim had agreed to a deal in which he would keep the team in town through 2050, renovate or replace Angel Stadium at his cost, and build a neighborhood atop the stadium parking lots.in May amid a federal corruption investigation in which an FBI agent said former mayor Harry Sidhu shared confidential city information with the Angels in the hope of securing a $1-million campaign contribution from them.
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