Overview
- The Angels and Kroenke Sports & Entertainment announced Tuesday that Stan Kroenke has agreed to buy a controlling interest in the team in a transaction that ends Arte Moreno’s 23-year ownership.
- Multiple outlets report the price exceeds the recent $3.9 billion Padres sale with some citing about $4 billion, though the parties have not publicly confirmed the final figure.
- The deal is expected to close in the first quarter of 2027 and remains subject to customary closing conditions and approval by MLB owners before Kroenke assumes control.
- Moreno’s tenure was marked by early division titles followed by a long decline, costly free‑agent signings that underperformed, frequent front‑office turnover and repeated fan protests calling for a sale.
- Kroenke adds MLB to a portfolio that includes the Rams, Arsenal, the Nuggets and Avalanche, and his track record of investment and championships raises expectations that he will overhaul baseball operations, payroll and facilities once approval is secured.