• Loading stock data...
Friday, August 29, 2025
The biggest names in sports media. All in one room. Get your ticket now!

Angels Owner Explains Why He Rejected Record Bids

  • Los Angeles Angels owner Arte Moreno said he had three offers above $2.6 billion for the team.
  • Moreno put the team on the market but later decided not to sell.
Los Angeles Angels owner Arte Moreno (right) and outfielder Mike Trout
Mark J. Rebilas-USA TODAY Sports

Arte Moreno could have set a record for an MLB team sale.

The owner of the Los Angeles Angels told Sports Illustrated that he had three offers on the table “considerably above the Mets’ number.” Steve Cohen bought the New York Mets for a record $2.4 billion in 2020 — at a time when the team carried $350 million in debt.

Moreno noted that all three offers were at least $200 million above what Cohen paid. Moreno also said that he had a fourth inquiry from Japan that didn’t result in a bid.

Moreno said he was planning to hold onto a 5-10% stake in the team. In the end, he couldn’t part with any of it: “In my heart, I just couldn’t go through with it.”

Los Angeles Dodgers right fielder Mookie Betts is followed by a MLB television camera.

MLB Will Reportedly Stream Games for Free in Some Markets

MLB is preparing for Diamond Sports to end contracts with multiple teams.
March 13, 2023

The team initially landed on the market after the collapse of a $320 million land deal with the city of Anaheim for the area around the stadium. The deal was canceled following allegations of corruption against Anaheim mayor Harry Sidhu, who resigned amid the scandal.

Moreno was not implicated in an FBI investigation regarding the case, but Sidhu was accused of providing confidential information to the team in the hopes of securing a $1 million campaign donation. Sidhu has denied any wrongdoing.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mar 12, 2024; Phoenix, Arizona, USA; Los Angeles Dodgers designated hitter Shohei Ohtani talks with translator Ippei Mizuhara in the dugout against the San Francisco Giants during a spring training baseball game at Camelback Ranch-Glendale.

Bookie Believes Shohei Ohtani ‘Was Aware’ of Interpreter’s Gambling

Mathew Bowyer ran the illegal gambling business used by Ippei Mizuhara interpreter.

Kyle Schwarber’s MVP Candidacy Could Lead to Massive Payday

The Phillies slugger makes history and could do so again this winter.

Who Are the Richest MLB Owners?

MLB owners are among the wealthiest people in the U.S.
Willie Mays

Willie Mays’s Son Tries to Block Sale of Some Memorabilia 

Michael Mays disputes that his father wanted certain items sold after he died.

Featured Today

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Oct 2, 2024; Rosemont, IL, USA; Big Ten commissioner Tony Petitti speaks with the media during the 2024 Big Ten Women’s Basketball media day at Donald E. Stephens Convention Center.
August 22, 2025

‘Not Ready to Jump In’: Power 4 Commissioners Aren’t Sold on PE

Top leaders in college sports have yet to see a satisfactory proposal.

Cowboys Can’t Bank on Mavericks’ Lottery Luck After Parsons Trade

The Mavericks lucked into Cooper Flagg through the 2025 NBA draft lottery.
August 28, 2025

Connor McDavid: ‘All Options on Table’ As Historic Free Agency Looms

The Oilers superstar remains largely mum on his long-term plans.
August 28, 2025

Rhyne Howard Calls Out Dream Fans for A’Ja Wilson ‘MVP’ Chants

The Las Vegas Aces overtook the Atlanta Dream in the standings.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
United
August 28, 2025

Manchester United Knocked Out of Cup by Team With $2.6 Million Payroll

United’s team payroll is almost 100 times larger than Grimsby’s.
Monica Wright
August 26, 2025

WNBA Expansion Teams Still in Dark As CBA Fight Drags On

Portland and Toronto won’t know the draft rules until a CBA is signed.
August 25, 2025

Trey Hendrickson Ends Stalemate for $14 Million Bengals Raise

The defensive end will make $30 million this season.
August 22, 2025

$2B A’s Vegas Stadium Hits Milestones, on Track for 2028

Construction progress and costs pick up in the Las Vegas project.