Business & Finance
Stan Kroenke agrees to buy Los Angeles Angels from Arte Moreno
The deal gives Kroenke Sports & Entertainment ownership across all major American sports leagues, pending Major League Baseball approval.
The short version
- Kroenke Sports & Entertainment reached an agreement to acquire a controlling interest in the Los Angeles Angels from longtime owner Arte Moreno.
- The transaction expands Stan Kroenke's sports portfolio, which already includes the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, and Arsenal.
- Moreno's 23-year tenure as owner will end amid a 12-season playoff drought.
- The acquisition is expected to close in early 2027, subject to formal approval from Major League Baseball and franchise owners.
Key facts
- Kroenke Sports & Entertainment announced a deal to acquire a majority stake in the Los Angeles Angels from Arte Moreno.[The Guardian · CNBC · Variety · The Hollywood Reporter · Associated Press]
- ESPN reported the sale price at $4 billion, exceeding the previous record of $3.9 billion set by the San Diego Padres earlier in 2026, though official terms were not publicly disclosed.[The Guardian · CNBC · Variety · The Hollywood Reporter]
- The transaction requires Major League Baseball approval and is scheduled to close in the first quarter of 2027.[The Guardian · CNBC · Variety · Associated Press]
- Arte Moreno originally acquired the franchise from The Walt Disney Company in 2003 for approximately $183.5 million to $185 million.[The Guardian · Variety · The Hollywood Reporter · Associated Press]
- Kroenke's holdings already encompass the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, MLS's Colorado Rapids, Arsenal F.C., and the SoFi Stadium development.[The Guardian · CNBC · Variety · The Hollywood Reporter · Associated Press]
- The Angels are heading toward their 11th consecutive losing season and their 12th consecutive season missing the playoffs, holding the longest active playoff absence in Major League Baseball.[The Guardian · Associated Press]
What remains uncertain
- Official financial terms were not published by the parties, leaving the reported $4 billion valuation unconfirmed by official corporate filings.[The Guardian · CNBC · Variety]
- The transaction remains contingent on formal approval from Major League Baseball and its team owners.[The Guardian · Variety]
Sources
- Stan Kroenke, owner of Arsenal and LA Rams, to buy MLB’s Angels for reported $4bnThe Guardian - US
- Another California Sports Team Sold As Stan Kroenke Cuts Deal to Buy Los Angeles AngelsThe Hollywood Reporter metered
- Stan Kroenke buys controlling stake in MLB's Los Angeles AngelsCNBC
- Stan Kroenke, owner of the Rams and Arsenal, reaches deal to buy the Los Angeles AngelsAssociated Press
- Owner of L.A. Rams and Denver Nuggets Buys Los Angeles Angels Baseball TeamVariety metered