Stan Kroenke, owner of Arsenal and LA Rams, to buy MLB’s Angels for reported $4bn
Kroenke Sports + Entertainment announced Tuesday that it will buy a controlling interest in the Los Angeles Angels from Arte Moreno in a deal that is expected to close in the first quarter of 2027.
TL;DR
- Kroenke Sports + Entertainment is buying a controlling interest in the Los Angeles Angels from Arte Moreno.
- The deal is valued at $4 billion, setting a new record for an MLB team sale.
- The sale requires approval from Major League Baseball and its owners.
- Kroenke Sports + Entertainment owns other major sports teams, including the Los Angeles Rams and Arsenal.
- Arte Moreno became the first Mexican American owner of a major U.S. sports franchise when he bought the Angels in 2003.
- The Angels have not made the postseason since 2014 and are projected for their 11th consecutive losing season.