Angels owner Arturo Moreno has announced his intention to sell the ball club after two decades of high expectations and declining results.

The Angels have struggled under Moreno in recent seasons despite the presence of two former MVPs: veteran outfielder Mike Trout and Shohei Ohtani, the slugging-pitching sensation who is in line for a massive contract extension.

Ohtani will be eligible for salary arbitration after his current two-year, $8.5 million deal expires at the end of the current season. It’s anyone’s guess how much it would cost to keep the two-way star and reigning American League MVP on a long-term extension, but something in the range of Trout’s 12-year, $426 million deal could be a good starting point.

Of course, that deal, as well as the remaining $152 million on injury-plagued third baseman Anthony Rendon’s contract, make Ohtani’s contract situation more difficult to navigate.

The Japanese-born pitcher and designated hitter is slated to be an unrestricted free agent in 2024.

‘It has been a great honor and privilege to own the Angels for 20 seasons,’ Moreno said in a statement. ‘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, whose background is in advertising, became the first Mexican-American team owner in major US sports in 2003 when he bought the Angeles for a reported $180 million from Disney.

The team, which had won its first World Series in 2002, promptly signed former Montreal Expos slugger Vladimir Guerrero, signaling to fans that Moreno was apparently willing to spend to win.

Unfortunately for fans, the Anaheim-based club never quite competed with the crosstown Los Angeles Dodgers or New York Yankees in terms of spending. And even when the Angels did pay for big-name free agents, like Rendon or Albert Pujols in 2012, the results were never there.

The Angels haven’t reached the postseason since 2014 and failed to advanced beyond the Divisional round of the playoffs during Moreno’s tenure.

The potential fallout from Moreno’s decision to sell could be enormous, according to ESPN’s Jeff Passan.

‘Opens the door to a Shohei Ohtani trade — or record-setting extension,’ Passan tweeted. ‘With enormous revenues, Angels still have never had a payroll over $183M. That’ll change.

‘MLB’s most hands-on owner is gone.’