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Arte Moreno to maintain ownership of Angels after exploring sale

Related Topics: Arte Moreno, Angels

Citing "unfinished business," Los Angeles Angels owner Arte Moreno has decided that his team is no longer for sale, a change of heart that shocked the industry and surprised many throughout the organization.

On Monday afternoon, five months after essentially announcing plans to move on, Moreno released a 132-word statement that read, in part: "[A]s 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."

Moreno, 76, purchased the Angels from The Walt Disney Company for $183.