Overview
- The Angels and Kroenke Sports & Entertainment signed an agreement announced Tuesday for Stan Kroenke to buy a controlling interest from Arte Moreno, with the clubs saying the transaction should close in early 2027 pending Major League Baseball approval.
- Multiple outlets report the sale values the franchise at about $4 billion, which would top the Padres’ $3.9 billion sale earlier in 2026, though the teams did not disclose full financial terms.
- Arte Moreno will step back after 23 years as majority owner but will retain a minority stake, ending a tenure marked by expensive free‑agent deals and a long playoff drought that left the Angels with consecutive losing seasons.
- Front‑office changes are already underway under interim baseball chief John Mozeliak, who has restructured scouting and promoted assistants while players including Mike Trout described the news as a 'fresh start.'
- Kroenke brings a multi‑sport ownership model and recent championships with other franchises, and the sale raises questions about how quickly he will invest in the roster, infrastructure and Angel Stadium plans before the lease runs through 2032.