The sports empire of Stan Kroenke continues to grow.
On Tuesday, reports surfaced that Kroenke has now purchased the Los Angeles Angels in a major move.
The deal is through Kroenke’s company, Kroenke Sports and Entertainment, which also owns the Denver Nuggets of the NBA, the Colorado Avalanche of the NHL, the Colorado Rapids of MLS and Arsenal of the Premier League.
“The Angels are a storied franchise anchored in a great market,” Kroenke said in a statement. “We look forward to an exciting future with the Angels organization.”
Arte Moreno’s tenure as the Angels’ owner is over. Rams owner Stan Kroenke has purchased the team. From Kroenke’s side … pic.twitter.com/pof5UqrSex
— Alden González (@Alden_Gonzalez) September 1, 2026
Moreno also released a statement.
“The Angels organization is pleased to announce this transaction with Kroenke Sports & Entertainment,” Moreno said in a statement. “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. The Angels Organization looks forward to continuing its commitment to the fans, our employees, the players and our business partners.”
Arte Moreno put the Angels on the market in 2022, and in 2024, he said he didn’t plan on selling the team anytime soon.
However, the Angels’ struggles have led to many calling for him to sell the team and start fresh, and now Stan Kroenke comes in to purchase another team in hopes of turning things around in Anaheim.
The reported price for the sale is somewhere around $4 billion, which surpasses the record for the highest amount for an MLB team. The San Diego Padres previously held that when they were purchased for a $3.9 billion price.
Angels sold for a record price for MLB. Believed to be about $4B, perhaps a bit over. https://t.co/YiY27EELgW
— Jon Heyman (@JonHeyman) September 1, 2026
The Angels fired general manager Perry Minasian at the end of June, and manager Kurt Suzuki is coming to an end on his one-year deal, so there could be plenty of changes coming in Anaheim.
The transaction is expected to close in the first quarter of 2027.
