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Angels Owner Arte Moreno Announces He Won't Sell Team

Related Topics: Arte Moreno, Angels

After speculation over a potential change at the top, the Los Angeles Angels will remain under their current ownership for the foreseeable future.

Team owner Arte Moreno and his family have pulled the Angels off the market and will retain ownership, he announced in a Tuesday afternoon statement.

"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 the statement. "As discussions advanced and began to crystallize, we realized our hearts remain with the Angels, and we are not ready to part ways with the fans, players, and our employees.