Who owns the Los Angeles Angels? The short answer is Arte Moreno, a self made billionaire who built his fortune in outdoor advertising long before he ever bought a baseball team.
Moreno purchased the club from The Walt Disney Company in 2003 and has run it ever since, making him one of the longest tenured owners in Major League Baseball.
His time at the top has included a World Series appearance, superstar signings, and a widely criticized playoff drought that has followed the exit of Shohei Ohtani.
Moreno also floated selling the team back in 2022, only to reverse course months later. So is he still the owner today, and could that change soon? Keep reading to find out.
Table of Contents
Quick Facts About Los Angeles Angels Ownership
| Category | Detail |
| Current Owner | Arturo Arte Moreno |
| Ownership Group | Angels Baseball LP, the Moreno family |
| Year Acquired | 2003 |
| Purchase Price | Approximately 184 million dollars |
| Purchased From | The Walt Disney Company |
| Forbes Team Valuation 2026 | About 2.75 billion dollars |
| Home Stadium | Angel Stadium, Anaheim, California |
| League | Major League Baseball, American League West |
Who Is Arte Moreno, The Man Behind The Los Angeles Angels
Arte Moreno was born in Tucson, Arizona, the oldest of eleven children. He served in the Vietnam War and later attended the University of Arizona on the G.I. Bill.
His real fortune came from Outdoor Systems, a billboard advertising company he built and eventually sold to Infinity Broadcasting in 1999 for roughly 8.3 billion dollars, according to Forbes.
When Moreno bought the Angels in 2003, he became the first person of Mexican American heritage to own a major North American professional sports franchise, a milestone documented on Wikipedia.
Today Forbes lists his personal net worth near 5 billion dollars, built on his advertising empire plus stakes in companies such as AT&T, Amazon, and JPMorgan Chase.
The Los Angeles Angels Ownership Structure
The Angels are owned through Angels Baseball LP, a holding company controlled by the Moreno family. Below is a simplified look at how that structure functions.
Ownership Entity
Family Shareholders
General Manager
Baseball Operations
Timeline: How Los Angeles Angels Ownership Has Evolved
The club joins MLB as the Los Angeles Angels under original owner Gene Autry.
The Walt Disney Company acquires a majority stake in the team.
Moreno purchases the team from Disney for about 184 million dollars, becoming the first Mexican American owner of a major league sports franchise.
The two way phenom signs with the Angels, becoming the face of the franchise for six seasons.
Following a losing season, Moreno announces the family is exploring selling the team.
Moreno pulls the team off the market in January, then Ohtani leaves in free agency for the Dodgers on a record contract.
The Angels and City of Anaheim extend the ballpark lease through 2032 while renovation talks continue.
How Did Arte Moreno Buy The Los Angeles Angels
Disney had owned the Angels since 1996 but never fully committed to the franchise the way it did to its film and theme park businesses.
In 2003, Moreno agreed to buy the team for approximately 184 million dollars, a deal that closed quickly and gave him full control of both baseball operations and business decisions.
It was a modest price by today’s standards. The same club is now valued at roughly 2.75 billion dollars by Forbes, showing just how much MLB franchise values have grown over two decades.
Readers curious about other major entertainment holdings once tied to Disney can see our Who Owns Paramount breakdown for a comparison of media empire ownership.
What Is Arte Moreno’s Net Worth
Forbes places Moreno’s net worth at approximately 5 billion dollars as of the 2026 Billionaires list, ranking him among the wealthier owners in MLB, though far from the top tier occupied by figures such as Mets owner Steve Cohen.
Most of his fortune traces back to Outdoor Systems, the billboard company he sold in 1999. He has since diversified into real estate around Phoenix and equity stakes in large public companies.
The Angels themselves represent a large but not dominant slice of his total wealth, which is part of why analysts have questioned whether he is fully committed to reinvesting in the roster.
Is Arte Moreno A Good Owner: Is The Los Angeles Angels Ownership Really Worth It
Moreno’s record splits sharply into early highs and later frustration, and fans genuinely disagree about how history should judge him.
On the positive side, Moreno lowered ticket and concession prices when he first took over, oversaw a 2002 World Series title era roster, signed superstar talent like Albert Pujols and Ohtani, and has kept payroll among the top half of MLB in most years.
On the negative side, the Angels have not reached the playoffs since 2014, the longest active postseason drought in MLB. Roster construction has been widely criticized for chasing stars while neglecting pitching depth and player development.
The team also failed to build a winning core around both Trout and Ohtani simultaneously, a fact widely cited by ESPN analysts as the era’s defining disappointment. Ohtani’s exit to the Dodgers remains the clearest symbol of that failure.
So is the ownership worth it financially? Almost certainly, given the franchise value tripling since 2003. Is it worth it competitively for fans? That verdict is far more mixed.
The Angel Stadium Situation Under Current Ownership
Angel Stadium sits on land owned by the City of Anaheim, and the relationship between the team and the city has been complicated for years.
A planned 320 million dollar stadium property deal collapsed in 2022 amid a federal corruption investigation involving a former Anaheim mayor, souring talks for a period.
More recently, the Angels and Anaheim agreed to extend the stadium lease through 2032, giving both sides more time to sort out renovation plans and repair cost disputes before any new agreement or relocation talk resurfaces.
City officials have separately floated redeveloping parts of the surrounding 150 acre property, so stadium uncertainty remains an ongoing subplot of Moreno’s ownership tenure.
Life After Shohei Ohtani Under The Current Owner
Ohtani’s departure for the Dodgers in free agency remains the single biggest storyline of the Moreno ownership era in recent memory.
The Angels never controlled that outcome entirely since Ohtani chose his next team, but the front office’s inability to build a consistent winner around him fed the perception that ownership underinvested in complementary talent.
Since then, Moreno has publicly discussed payroll flexibility, telling reporters in February 2026 that spending dropped to 180.5 million dollars for the season due to broadcast revenue issues, with hopes of returning to 200 million dollars once those issues resolve.
General manager Perry Minasian remains in place, though Moreno has signaled that continued losing seasons could put that role in question.
Are The Los Angeles Angels For Sale In 2026
Not currently. Moreno explored selling the team in August 2022 after a disappointing season, but he reversed that decision in January 2023 and reaffirmed his intention to keep the club.
As of his most recent public comments in early 2026, Moreno has repeated that he has no active plans to sell, even as some fans and analysts continue to speculate about a future transition given his age and the team’s ongoing struggles.
For context on how other major North American sports properties are structured and valued, see our Who Owns The NFL guide, which breaks down a very different ownership model.
Bottom line, barring a change of heart similar to 2022, Arte Moreno appears set to remain the Los Angeles Angels owner for the foreseeable future.
Frequently Asked Questions About Los Angeles Angels Ownership
Who currently owns the Los Angeles Angels
Arte Moreno is the controlling owner, operating the team through Angels Baseball LP since he purchased the franchise in 2003.
How much did Arte Moreno pay for the Angels
Moreno paid approximately 184 million dollars to purchase the team from The Walt Disney Company in 2003.
Is Arte Moreno planning to sell the Angels
Not currently. He explored a sale in 2022, took the team off the market in early 2023, and has reaffirmed since that ownership will continue under his family.
What is the Los Angeles Angels franchise worth today
Forbes values the Angels at roughly 2.75 billion dollars as of its most recent MLB franchise valuations.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.