DEVELOPING: Angels owner Arte Moreno says he is exploring a possible sale of the team he has owned since 2003.
Arte Moreno, who has owned the Los Angeles Angels for nearly two decades, announced Tuesday he is exploring a possible sale of the franchise.
"It has been a great honor and privilege to own the Angels for 20 seasons," Moreno said in a statement released by the team. "As an organization, we have worked to provide our fans an affordable and family- friendly ballpark experience while fielding competitive lineups which included some of the game's all-time greatest players.
He purchased the team following the Angels' World Series title in 2002, but the team has struggled over the past decade, failing to make the playoffs since 2014. The squad is currently mired in its seventh straight losing season.
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