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Angels' Moreno Faces $60M Loss Amid Rising Payroll

2/23/2025

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Summary

Story summary

Los Angeles Angels owner Arte Moreno faces daunting financial hurdles, forecasting losses between $50-$60 million, even as payroll rises from $176 million to $202 million. With offseason acquisitions like pitcher Yusei Kikuchi, Moreno is determined to bolster the team's competitiveness, striving for improvement as spring training looms on the horizon.

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Story summary

Los Angeles Angels owner Arte Moreno faces daunting financial hurdles, forecasting losses between $50-$60 million, even as payroll rises from $176 million to $202 million. With offseason acquisitions like pitcher Yusei Kikuchi, Moreno is determined to bolster the team's competitiveness, striving for improvement as spring training looms on the horizon.