Kroenke Buys Angels From Moreno for Record $3.9 Billion

The Los Angeles Angels have been sold to billionaire Stan Kroenke, the owner of the NFL's Los Angeles Rams, ending Arte Moreno's 23-year tenure as the team's controlling owner. The transaction, announced Tuesday, is valued at more than $3.9 billion, making it the most expensive sale in Major League Baseball history. Kroenke Sports Entertainment, Kroenke's holding company, is acquiring a controlling interest in the franchise. The deal is expected to close in the first quarter of 2027, pending approval from Major League Baseball and other customary closing conditions. The sale price surpasses the previous MLB record of $3.9 billion set by the recent sale of the San Diego Padres. "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." Moreno, who purchased the Angels from The Walt Disney Company in 2003 for approximately $185 million, released a statement expressing confidence in the new ownership. "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," he said.