Do You Think Arte Moreno Will Ever Sell the Angels?

[BTH]

Do You Think Arte Moreno Will Ever Sell the Angels? Yes or no?

I don't think there are any signs that he wants to, but I wonder if all the percolating issues (Kay/Skaggs, Angel Stadium/Anaheim dispute, bad ownership in general, lockout, decreasing revenues because of the lockout and COVID) eventually result in him selling the team.

[tdawg87]

No. He'll probably pass it on to his kids ala Steinbrenner.

[AngelsLakersFan]

Everybody sells eventually...

[NachoPop]

Get Trout and Ohtani to partner and buy it, then never leave

[Stradling]

Yes

[Stradling]

11 minutes ago, NachoPop said:

Get Trout and Ohtani to partner and buy it, then never leave

Yep, they are just about $1.5 billion short.  Maybe more.

[NachoPop]

5 minutes ago, Stradling said:

Yep, they are just about $1.5 billion short.  Maybe more.

Surely Ohtani can get Japanese backers, and Trout can sell his soul

[DMVol]

Everybody has a price…

[Taylor]

Yes, and hopefully tomorrow.

[eligrba]

He would be a fool to sell since he now owns the stadium as well.

[Jason]

Maybe he will once owning the team is no longer profitable 

[HaloBronco]

2 hours ago, Stradling said:

Yep, they are just about $1.5 billion short.  Maybe more.

Maybe they could take out Pay Day Loan to make up the difference........

[gotbeer]

Why sell, when you pay yourself $20 million + a year on a $184 million investment?  Not accounting for asset appreciation.  

[Taylor]

I voted no. I guess that means I'm assuming he'll own the team until he leaves this world.

[Lou]

14 minutes ago, Taylor said:

I voted no. I guess that means I'm assuming he'll own the team until he leaves this world.

Or at least until you do.

[halomatt]

If he gets his price, yes. 

[UndertheHalo]

I hope Arte’s disembodied head runs the team forever.  Like Nixons head in futurama. 
 

 

[Dtwncbad]

Wouldn’t it be great if the owner haters could get someone new to hate?

[HanfordGuy]

Now WHY would I sell…, err…I mean why would HE sell? *looks around nervously*  Yeah, why would “Arte” sell??? *puts on sunglasses, flips up collar and try’s to look inconspicuous*

[mmc]

4 minutes ago, Dtwncbad said:

Wouldn’t it be great if the owner haters could get someone new to hate?

No

[disarcina]

I think once Arte gets the Stadium issue resolved once and for all -- and he was close to doing that until the State of California got involved.

But once that happens - and the MLBPA's new collective bargaining contract gets finalized (hopefully without a delayed season start) -- then it would make sense,  How old is Arte these days? He's getting up there in age and has owned the club for about 15 years now -- the thing that finally got the O'Malley's to sell the Dodgers was estate planning and tax issues - that's likely going to be an issue for Arte and his family as well.

Arte has clearly increased the value of the franchise -- some won't like to hear this - but the re-naming or proabably better characterized as the 're-claiming' of the Los Angeles team name is IMO a large part of increased value of the team. Everyone recognizes Los Angeles and has familiarity with it -- not so much Anaheim.  At some point, also, Arte has to get tired as a almost 'sole proprietor' competing against mega corporations that own teams. Arte has been great for the Angels overall - but I'm sure the new shine of owning a team has worn off and if he could make a fortune from selling the team and concentrating on real estate development - the Platinum Triangle or whatever they call the Angel Stadium area - and other real estate ventures -- that would probably work out fine for him and his family.

Unfortunately , right now, today - in the middle of a lockout with a delay to the regular season and a near cancellation of Spring Training -- not too sure if many real investors will want to step into the MLB quagmire until the new collective bargaining agreement is signed, the lock out ended and the season has started on time and without a hitch.  Oh, and then there's that COVID-19 pandemic thing.

[HanfordGuy]

If the Angels went on a hot streak, like 2002, and won a season shortened WS in ‘22, would the AW community care if “Arte” sold or kept the team? Would winning an 80 to 100 games played season take him off the hot seat? Would he be forgiven for past mistakes? We need a pole!

[AngelsLakersFan]

4 hours ago, gotbeer said:

Why sell, when you pay yourself $20 million + a year on a $184 million investment?  Not accounting for asset appreciation.  

I think he pays himself a lot more than that. I bet he has a policy that no player should make more than him.

[Taylor]

4 hours ago, Lou said:

Or at least until you do.

I can live with that.

[tomsred]

1 hour ago, HanfordGuy said:

If the Angels went on a hot streak, like 2002, and won a season shortened WS in ‘22, would the AW community care if “Arte” sold or kept the team? Would winning an 80 to 100 games played season take him off the hot seat? Would he be forgiven for past mistakes? We need a pole!

Here's your pole.....