‘Love of the game is most important’

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LOS ANGELES. – Los Angeles Angels owner Arte Moreno on Monday (Tuesday in Manila) said he was no longer interested in selling the team he has owned for 20 years after announcing in August that he was looking for buyers.

“During this process, it became clear that we have unfinished business and feel we can make a positive impact on the future of the team and the fan experience,” Moreno said in a statement.

“This offseason we committed to a franchise record player payroll and still want to accomplish our goal of bringing a World Series Championship back to our fans.

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“We are excited about this next chapter of Angels Baseball.”

Moreno bought the Angels from the Walt Disney Company for $180 million in 2003, making the billionaire businessman the first Mexican American to own a major pro sports team in the United States.

The current value of the franchise is somewhere in the neighborhood of $2.5 billion, ESPN reported.

The Angels won their lone World Series in 2002, shortly before Moreno purchased it, and the team has struggled in recent years with its last postseason appearance coming in 2014. — Reuters

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