The Los Angeles Angels announced on Tuesday morning that the team is for sale.

In a public statement on the team’s Twitter account, owner Arte Moreno said that “now is the time” to explore a sale of the team.

“It has been a great honor and privilege to own the Angels for 20 seasons,” Moreno said. “As an organization, we have worked to provide our fans an affordable and family-friendly ballpark experience while fielding competitive lineups which included some of the game’s all-time greatest players.

“Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time. Throughout this process, we will continue to run the franchise in the best interest of our fans, employees, players, and business partners.”

Moreno bought the Angels from The Walt Disney Co. in 2003 for $184 million. Los Angeles has cracked the American League Playoffs six times since the purchase but failed to reach the World Series. The Angels haven’t made the playoffs since 2014 and haven’t had a winning season since 2015.

Star outfielder Mike Trout made his MLB debut with the franchise in 2011. Two-way sensation Shohei Ohtani made his debut in 2018. Trout has appeared in one postseason while Ohtani is yet to appear in the playoffs.

Los Angeles is 52-70 this season, good for fourth in the AL West. They fired manager Joe Maddon in June and moved starting pitcher Noah Syndergaard and reliever Raisel Iglesias at the MLB trade deadline.

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