Stan Kroenke, through his Kroenke Sports and Entertainment company, has reached an agreement to acquire a controlling stake in Major League Baseball’s Los Angeles Angels from the Moreno family. The transaction values the Angels franchise along with their associated regional sports network at $4 billion, according to sources familiar with the deal. The acquisition is expected to be finalized in the first quarter of 2027.
Kroenke expressed enthusiasm about the purchase in a statement, characterizing the Angels as a historic franchise situated in a prominent sports market. The deal expands his sports portfolio considerably, as Kroenke Sports and Entertainment was valued at more than $26 billion according to CNBC’s recent ranking of the world’s most valuable sports empires published in June.
The Angels acquisition marks a significant expansion of KSE’s already extensive sports holdings. The company now owns franchises across multiple major sports leagues, including the National Football League’s Los Angeles Rams, the National Basketball Association’s Denver Nuggets, the National Hockey League’s Colorado Avalanche, Major League Soccer’s Colorado Rapids, the National Lacrosse League’s Colorado Mammoth, and the Premier League’s Arsenal Football Club. Additionally, KSE owns SoFi Stadium and the adjacent 300-acre Hollywood Park entertainment district in Inglewood, California, in which the company invested more than $5 billion.
Arte Moreno, speaking on behalf of the Moreno family, indicated satisfaction with the transition, noting that the family has operated the Angels for 23 years and believes Kroenke’s organization represents the optimal choice for the franchise’s future direction.
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