Stan Kroenke agrees to buy Los Angeles Angels for $4 billion
Quick Look
- Stan Kroenke has agreed to purchase the Los Angeles Angels and Angels Broadcast Television from the Moreno family for $4 billion, a valuation equivalent to 10 times the team's 2025 revenue.
- The deal raises the average MLB team value to $4.04 billion, with the Yankees valued at $12 billion and the Marlins at $2.2 billion.
- Bankers note location as a key factor in team value, citing the Lakers' $12.5 billion NBA sale.
AI-generated summary
Why It Matters
The article discusses MLB team valuations, noting that the Angels deal values the team at 10 times its 2025 revenue, compared to the Padres sale at 8 times revenue. CNBC updated its MLB valuations based on this deal.
Stan Kroenke has agreed to buy the Los Angeles Angels from the Moreno family in a deal that values the MLB team and its regional sports network, Angels Broadcast Television, at $4 billion.
The record MLB valuation for the Angels is equivalent to 10 times the team's 2025 revenue, according to CNBC's MLB valuations published earlier this year. In comparison, the $3.9 billion sale of the San Diego Padres to José Feliciano and Kwanza Jones, approved by the MLB last month, had a multiple of eight times revenue.
CNBC has updated its MLB valuations based on the Angels deal, focusing on valuation-to-revenue multiples, market and stadium economics.
The average MLB team is now worth $4.04 billion, 37% more than our MLB valuations in March. The New York Yankees top the list with a value of $12 billion, 28% more than in March. The least valuable MLB team is still the Miami Marlins, but we now value the team at $2.2 billion, a 57% increase from March. The New York Mets, now worth $5.4 billion, jumped to fifth on our list, leapfrogging the San Francisco Giants and Philadelphia Phillies.
Bankers CNBC spoke with regarding the Angels deal stressed that location is a big factor in the trophy appeal of owning a sports team. To wit: The recent announcement that Josh Kushner and Bob Iger have agreed to buy the NBA's Los Angeles Lakers at a $12.5 billion valuation.
What to Watch
AI outlook — possibilities, not facts
MLB team valuations will continue to rise, particularly for teams in major media markets.
Likely · Within months
More high-value sports team sales will occur in Los Angeles due to market desirability.
Possible · Within months
Open Questions
- When will the Angels sale be finalized?
- What percentage of the team is Stan Kroenke acquiring?
- How will the Angels Broadcast Television integration work post-sale?
