Stan Kroenke agrees to buy MLB's Angels, valuing team and regional network at $4 billion
Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires.
TL;DR
- Stan Kroenke is buying a controlling stake in the Los Angeles Angels baseball team.
- The transaction values the Angels and their regional sports network at $4 billion.
- The deal is anticipated to close in the first quarter of 2027.
- This acquisition adds an MLB team to Kroenke Sports and Entertainment's (KSE) portfolio, which already includes teams in the NFL, NBA, NHL, MLS, and NLL, as well as Arsenal FC in the Premier League.
- KSE also owns SoFi Stadium and the Hollywood Park district.
- The Moreno family stated they believe KSE is the best next owner for the franchise after stewarding it for 23 years.