Stan Kroenke to Acquire Controlling Ownership of Los Angeles Angels
Stan Kroenke's company, Kroenke Sports and Entertainment, has reached an agreement to purchase controlling ownership of Major League Baseball's Los Angeles Angels from Arte Moreno. The transaction is expected to be finalized in early 2027.
Los Angeles, CA, September 1, 2026 — Kroenke Sports and Entertainment, led by prominent businessman Stan Kroenke, has entered into an agreement to acquire controlling ownership of Major League Baseball’s Los Angeles Angels. The deal, announced recently, marks a significant shift in the ownership landscape of one of baseball’s most recognized franchises.
The transaction involves the purchase of controlling ownership from the current owner, Arte Moreno, who has held the reins of the team for a considerable period. While the summary details the agreement for controlling ownership, specific financial terms of the sale were not disclosed.
Kroenke Sports and Entertainment is already a major player in the sports industry, owning a portfolio of professional sports teams across various leagues, including the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, and Major League Soccer’s Colorado Rapids, among others. This acquisition would add an MLB team to its extensive holdings.
The timeline for the finalization of this purchase has been set for early 2027. This timeframe suggests that the necessary approvals and closing procedures are anticipated to extend over the coming period, allowing for a comprehensive transition of ownership.
Arte Moreno’s tenure with the Angels began in 2003. The club has seen periods of both success and challenges during his ownership. The team plays its home games at Angel Stadium in Anaheim, California.
Further details regarding the operational transition and future plans for the Los Angeles Angels under Kroenke Sports and Entertainment’s control were not immediately available. The exact nature of the controlling stake and the final purchase price have also not been publicly disclosed.
Story summarized from the original created by Greg Beacham | The Associated Press on laist.com, see more information here.
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