Culture & Media
Kroenke agrees to buy Angels in deal reported at $4 billion
The transaction would add Major League Baseball to Kroenke's sports portfolio and is expected to close in early 2027, subject to league approval.
Executive summary
- The agreement: Kroenke Sports & Entertainment agreed to acquire controlling ownership of the Los Angeles Angels from the Moreno family.[1][2]
- The reported value: The parties did not disclose financial terms; the Associated Press and Los Angeles Times cited reports or sources valuing the transaction at $4 billion.[2][3]
- The conditions: The transaction is expected to close in the first quarter of 2027, subject to customary conditions and Major League Baseball approval.[1][2][3]
- The ownership change: Arte Moreno will remain a minority owner after 23 years in control, while Kroenke adds baseball to a portfolio that includes the Rams, Arsenal, Nuggets, Avalanche and Rapids.[1][2]
Kroenke Sports & Entertainment has agreed to acquire controlling ownership of the Los Angeles Angels from the Moreno family, adding a Major League Baseball franchise to Stan Kroenke's sports portfolio. The transaction is expected to close in the first quarter of 2027, subject to customary conditions and approval by Major League Baseball.[1][2][3]
The parties did not announce financial terms. The Associated Press cited The Athletic's report that the agreement values the team at $4 billion, while the Los Angeles Times independently reported the same valuation from a person familiar with the transaction. The price therefore remains a reported figure rather than a publicly confirmed term.[2][3]
The agreement would end Arte Moreno's 23-year run as controlling owner, though he is expected to retain an undisclosed minority stake. The sale also includes the Angels' regional television network and radio station, the Associated Press reported.[1][2]
Kroenke Sports & Entertainment already owns the NFL's Los Angeles Rams, Arsenal of the English Premier League, the NBA's Denver Nuggets, the NHL's Colorado Avalanche and Major League Soccer's Colorado Rapids, along with SoFi Stadium and the Hollywood Park development. Buying the Angels would give the group a presence in every major U.S. professional team sport.[2][3]
The ownership change comes as the Angels head toward an 11th consecutive losing season and a 12th consecutive year without a playoff appearance, according to the Associated Press. The agreement does not by itself resolve the club's competitive, stadium or front-office questions, and completion still depends on the league's approval process.[2][1]