The Los Angeles Angels are hoping to finalize the sale of the franchise by Opening Day, Rob Manfred says.

"The point at which people actually see financial information is an important step forward in the process. My understanding is that the club would like to have the sale resolved before Opening Day," Manfred said.

"Whether that happens I think depends in part on the bidding process and how quickly you can get documents done."

Arte Moreno has owned the Angels since 2003, when he purchased it from the Disney corporation.