Stan Kroenke Agrees to Buy Los Angeles Angels—Inside the Multi-Billion MLB Bombshell

Billionaire sports mogul Stan Kroenke has struck a deal to add Major League Baseball to his already sprawling portfolio, reaching an agreement to purchase the Los Angeles Angels from longtime owner Arte Moreno. Kroenke Sports & Entertainment (KSE) confirmed Tuesday that it will assume controlling ownership pending MLB approval, a process expected to close in early 2027. The transaction ends Moreno’s 23-year tenure and hands the Angels to an operator whose résumé now spans every major U.S. professional league. KSE already owns the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, Major League Soccer’s Colorado Rapids, Premier League powerhouse Arsenal FC and SoFi Stadium, giving Kroenke a coast-to-coast sports and real-estate empire. For the Angels—mired in an AL-worst 53-85 record and staring at an 11th straight losing season—the sale signals a fresh start. Fans have grown restless under Moreno, whose blockbuster contracts for stars such as Albert Pujols and Anthony Rendon failed to translate into postseason success. Kroenke promised “an exciting future” in his first statement, and league insiders expect immediate investment in player development, analytics and a long-overdue stadium modernization plan. Financial details were not disclosed, but Forbes recently valued the franchise at $3.2 billion, suggesting the sale could become one of the largest in MLB history. Kroenke’s willingness to fund SoFi Stadium—built for a reported $5 billion—signals he has the capital to overhaul both Angel Stadium and the team’s payroll strategy. MLB owners must approve the deal by a three-quarters vote. Early indications point to smooth passage, largely because Kroenke has already navigated league politics with the Rams’ relocation from St. Louis to Los Angeles in 2016 and because KSE’s multi-team model has proven successful. Key storylines to watch: • Front-office shake-up: Interim baseball chief John Mozeliak, hired this year to replace Perry Minasian, could stay on as president of baseball operations if Kroenke values continuity. • Shohei Ohtani’s legacy effect: Although Ohtani signed with the Dodgers after the 2023 season, Kroenke’s arrival renews speculation that the Angels will aggressively court elite two-way talent in the next international class. • Stadium future: Angel Stadium’s proposed redevelopment in Anaheim stalled under Moreno. Local officials say they’re open to fresh negotiations once KSE submits a plan. The acquisition further cements Stan Kroenke’s status as one of the most powerful figures in global sports. Should MLB owners give the green light, the 78-year-old Missouri native will control franchises that collectively own recent championships in the NFL, NBA, NHL and Premier League—a trophy cabinet unmatched in modern sports business.