Arte Moreno is one of many MLB owners that has some strange views on the luxury tax threshold.
He is also one of many owners who appear to not want to spend any sort of money to improve their team and seem more intent on tanking.
This is one of the major issues that led to the tensions between the two sides and ultimately played a big role in causing the lockout.
After all, Moreno owns a big market team in the Los Angeles Angels, who may not be as successful as their crosstown counterparts the Dodgers but do generate a great deal of money given that they play in such a large city.
Arte Moreno's net worth is $3.6 billion. The Angels are now worth $1.86 billion more than when he bought them. He didn't want to raise the luxury tax threshold by $10 million. pic.twitter.com/yiu4N7S13y
— Marc Normandin (@Marc_Normandin) March 4, 2022
As seen in the tweet above, Moreno’s net worth sits at just over $3 billion, and The Angels are worth more than $1 billion more since Moreno bought the team.
So, it’s puzzling as to why Moreno would not be willing to increase the luxury tax by $10 million when he quite clearly has the financial flexibility to do so.
When you’re a multi-billionaire like he is, it shouldn’t be a problem to increase the luxury tax by that amount of money, especially if you own a team that plays out in Los Angeles.
It’s just more of the same with these MLB owners and their unwillingness to budge on almost anything.
It’s easy to understand why fans would be confused by Moreno’s view on the luxury tax.
It’s quite confusing to be frank.
The lockout has taken a lot out of baseball fans and personnel alike, and it gets more and more exhausting to see people like Moreno take such an odd stance on issues that really matter.