Stan Kroenke to Acquire Controlling Stake in Los Angeles Angels for $4 Billion
Quick Look
Stan Kroenke has agreed to purchase a controlling stake in the Los Angeles Angels from the Moreno family in a deal valuing the team and its regional sports network at $4 billion, with the transaction expected to close in Q1 2027, adding an MLB team to Kroenke Sports and Entertainment's portfolio.
AI-generated summary
Why It Matters
Kroenke Sports and Entertainment already owned teams in the NFL, NBA, NHL, MLS, NLL, and Premier League, as well as SoFi Stadium and the Hollywood Park district. The Moreno Family had stewarded the Angels for 23 years before agreeing to sell a controlling stake.
Aaron Ontiveroz | Denver Post | Getty Images
Stan Kroenke has added an MLB team to his growing sports empire, agreeing to purchase a controlling stake in the Los Angeles Angels from the Moreno family, according to a release.
The transaction values the Los Angeles Angels and their regional sports network at $4 billion, according to a person with direct knowledge of the deal, who was not authorized to speak on the matter.
The deal is expected to close in the first quarter of 2027, the release said.
"The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization," Kroenke, owner and chairman of Kroenke Sports and Entertainment, said in the release.
Rob Leiter | Major League Baseball | Getty Images
Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires, published in June.
The addition of a baseball team gives KSE ownership in every major professional sport and a deeper presence in one of the top sports and entertainment markets in the world.
KSE also owns the NFL's Los Angeles Rams, the NBA's Denver Nuggets and the NHL's Colorado Avalanche, as well as Major League Soccer's Colorado Rapids, the National Lacrosse League's Colorado Mammoth and the Premier League's Arsenal Football Club.
KSE also owns SoFi Stadium and the 300-acre Hollywood Park district in Inglewood, California. Kroenke spent more than $5 billion on the stadium, which is home to both the Rams and the Los Angeles Chargers.
"The Moreno Family has been honored to steward the Angels for 23 years and we believe with KSE's experience and success they are the best next owner for the franchise," Arte Moreno said in a statement.
What to Watch
AI outlook — possibilities, not facts
The transaction will close in the first quarter of 2027.
Very likely · Within months
Open Questions
- What percentage of the Los Angeles Angels is being acquired by Kroenke Sports and Entertainment?
- Will the Moreno Family retain any ownership stake in the Angels after the transaction?
- How will the acquisition affect the Los Angeles Angels' operations, roster, or front office structure?
