MLB’s Los Angeles Angels to be sold to Rams and Arsenal owner Stan Kroenke
ANAHEIM, Calif. (AP) - Kroenke Sports and Entertainment has reached a accord to purchase controlling ownership of the Los Angeles Angels from Arte Moreno, expanding its sprawling empire of teams throughout every major U.S.
ANAHEIM, Calif. (AP) – Kroenke Sports and Entertainment has reached a accord to purchase controlling ownership of the Los Angeles Angels from Arte Moreno, expanding its sprawling empire of teams throughout every major U.S.
What happened
Meanwhile, the firm led by Stan Kroenke produced the surprising announcement Tuesday, saying it expects to close on the transaction in early 2027. Major League Baseball, which must approve any sale, didn't immediately comment on the news, but The Athletic documented the agreement is being done at a $4 billion valuation – a record for an MLB team.
Kroenke's firm owns the NFL's Los Angeles Rams, Premier League champion Arsenal, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, Major League Soccer's Colorado Rapids and SoFi Stadium, along with the substantial Hollywood Park campus around the multibillion-dollar Inglewood venue. The conglomerate has now moved into baseball with the Angels, whose turbulent 23-year tenure under Moreno's stewardship will finally end.
The bottom line
For now, mLBs Los Angeles Angels to be sold to Rams and Arsenal owner remains the part of the story worth watching, and further updates are likely as more details are confirmed.
