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However, there is no plan to upgrade or replace Angel Stadium, which opened in 1966 and had its last major renovation in 1996. The Angels have a lease at Angel Stadium through 2029, with options through 2038.

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In every previous full season under Moreno’s ownership, the Angels had sold at least 3 million tickets. The losing has taken its toll: Attendance is projected to be 2.5 million this season. MLB Pipeline ranks the Angels’ minor league system as the worst in baseball. Ohtani has repeatedly expressed his discouragement, and a new owner would have to convey an impressive vision to persuade him to remain in Anaheim rather than leave in free agency after next season.

The team has not won a postseason game since 2009, meaning two of the game’s greatest stars - Mike Trout and Shohei Ohtani - never have won a playoff game. However, a new owner would inherit a raft of issues. Throughout this process, we will continue to run the franchise in the best interest of our fans, employees, players, and business partners.” “Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time. “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. “It has been a great honor and privilege to own the Angels for 20 seasons,” Moreno, the first Mexican American to own a major sports team in the United States, said in a statement.

Arte Moreno, whose 20-year ownership of the Angels started with the most successful decade in franchise history but is mired in a dreadful eight-year run in which the team has failed to make the playoffs, announced Tuesday that he has begun to explore the process of selling the franchise.