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Performer Gene Autry was the first owner of the Angels franchise. The Los Angeles Angels are a professional baseball team based in Anaheim, California. The team has had four principal owners, and ten General Managers, since its inception in 1961.
The current Angels franchise was established by MLB in 1961 after original owner Gene Autry bought the rights to the franchise name from Walter O'Malley, the former Los Angeles Dodgers owner, who had acquired the franchise from Phil Wrigley, the owner of the Chicago Cubs at the time.
In the 2023 offseason, the Angels lost two-time AL MVP Shohei Ohtani to free agency after they failed to offer a better deal than the Los Angeles Dodgers. Following the Dodgers victory in the 2024 World Series, criticism of Moreno increased from Angels fans who felt the team could have made a playoff run with Trout and Ohtani. [17]
Los Angeles Angels. Angels owner Arte Moreno. (Sean M. Haffey / Getty Images) Owner: Arte Moreno. Net worth: $3.3 billion (2020) Purchase price: $183.5 million (2003)
The Angels announced Monday they are no longer pursuing a sale of the franchise, keeping owner Arte Moreno in control of the team for 2023 and beyond.
Angels owner Arte Moreno speaks with reporters during spring training Feb. 17, 2020, in Tempe, Ariz. (Kent Nishimura / Los Angeles Times)
On September 2, 1965, team ownership announced the Los Angeles Angels would thenceforth be known as the California Angels, in anticipation of the team's move to Anaheim the following year. They were the second Major League baseball team to be named after an entire state, following the Minnesota Twins .
Moreno declared in August that "now is the time" when he announced he was exploring selling the franchise.