The MLB is as much run by commercials as it is by the officials and players that are a part of it. The league’s teams have in recent times been valued as potentially billion-dollar franchises. Despite seeing a dip in viewership, the MLB remains a lucrative avenue for those willing to participate. However, as has always been the case, the fans and ownership are always at odds with each other. In some cases more than the last.

As the regular season nears a close for the MLB in 2023, the fans of underperforming teams are getting more and more anxious. Especially considering that some of the most valued franchises are at the minute underperforming on the diamond. With the big city markets all seeing a drop in their performance, could their owners be looking to exit and cash in on their investments?

Big Market City Owners Looking For MLB Exit

According to the fans, 4 MLB franchises are particularly well set up to exit their respective teams. There has been severe speculation in the media regarding the future of their ownership, and several of them have stepped forward to issue statements. Some to clarify their intentions with the team some only to further muddy the waters.

With their teams all underperforming, one team owner is looking all set to line up his franchise for sale. Owner Arte Moreno has clarified that he has begun a formal process to “evaluate strategic alternatives including a possible sale of the team“. The news on the back of striking reports that the Anaheim City Council voided the decision to sell the Angels Stadium to Moreno for $320 Million which he would have developed into real estate.

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The owner acquired the franchise on the back of a World Series win in 2003. But the team has shown a distinct lack of killer instinct since. The Angels have failed to make it to the postseason in the past 8 seasons.

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Only having won their last post-season game in 2009, the Halos appear to be in dire straits. The shadow of the free agency of two-way phenom Shohei Ohtani too looms in the distance. All of which could create the perfect storm for a change in ownership for the Halos.

Is the Rumor Mill Accurate?

However, while there are several owners unhappy with the way their team is performing, a few are willing to go to the lengths that Arte Moreno has displayed. Regularly reporting to the media that while they are unhappy with the performance of their teams, the ownership remains secure.

Steve Cohen, having only acquired the New York Mets in 2020, is unlikely to exit from the game so soon. Cross-city rivals New York Yankees too have had rumors emerge about the sale of their team. However, a press release from owner Hal Steinbrenner has clarified that the reports are clearly inaccurate and the team will remain in the family for ‘generations to come.‘ While positive news from a stability standpoint, the Bronx faithful are clamoring for a change in ownership after being on the cusp of their first losing season in 30 years.

The only clear news emerging appears to be around the Oakland Athletics. While reluctant to sell the franchise, the new owners have filed for a change in their home city taking aim at Vegas as their new base. And while not a favored move, with the team’s current lease expiring next year, it appears to be the most logical.

Change in ownership is never truly an easy thing for the fans to accept. While for some it comes with a tinge of regret, for others it can come with a whole host of hope. It really depends on where you stand.

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