Stan Kroenke, owner of Arsenal and LA Rams, to buy MLB’s Angels for reported $4bn
Summary
Stan Kroenke’s company, Kroenke Sports + Entertainment, will buy most of the Los Angeles Angels baseball team from Arte Moreno for $4 billion. The deal is expected to finish by early 2027 and needs approval from Major League Baseball.Key Facts
- Kroenke Sports + Entertainment owns several sports teams including Arsenal (soccer), the LA Rams (football), Denver Nuggets (basketball), Colorado Avalanche (hockey), and Colorado Rapids (soccer).
- The Angels sold for $4 billion, the highest price ever for a Major League Baseball team.
- Arte Moreno has owned the Angels since 2003, buying the team for $183.5 million.
- The Angels have struggled in recent years, making the playoffs only once in the last 16 seasons and have had 11 losing seasons in a row.
- Star players Mike Trout and Shohei Ohtani won multiple MVP awards but never reached the playoffs together on the Angels.
- Fans have protested during games, asking Moreno to sell the team.
- Kroenke’s company also owns SoFi Stadium near Los Angeles, a sports venue hosting NFL games and the upcoming 2028 Olympics.
- Moreno said his family is proud of managing the Angels for 23 years and believes Kroenke’s group is the right owner going forward.
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