Rams owner Stan Kroenke agreed to purchase the Angels, adding Major League Baseball to a portfolio spanning six leagues and two continents. The deal is executed through Kroenke Sports and Entertainment, Kroenke’s holding company, which also owns the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, the MLS’s Colorado Rapids and the Premier League’s Arsenal. The purchase price was not announced. Forbes valued the Angels at $2.8 billion in March. The sale is subject to regulatory review and approval by Major League Baseball, with the expectation that it will close in the first quarter of 2027. Companies linked to Kroenke also own the Rams and built SoFi Stadium and the 300-acre Hollywood Park development around it in Inglewood, a project that has become a sports and entertainment hub for Los Angeles County and will host events during the Olympic and Paralympic Games. 2028. The deal with the Angels pushes that footprint south toward Orange The county’s market of more than 3 million people, with its own economy, corporate base and tourism, sets it apart from Los Angeles proper. The joining of the two teams gives KSE a year-round presence on the Southern California sports calendar. “The Angels are a historic franchise anchored in a great market,” Kroenke said in a statement. “We look forward to an exciting future with the Angels organization.” Kroenke, 79, has shown interest in purchasing a Southern California baseball team before. More than a decade ago, he was a backup bidder when the Dodgers were sold. “The Angels organization is pleased to announce this transaction with Kroenke Sports & Entertainment,” outgoing Angels owner Arte Moreno said in a statement. “The Moreno family has had the honor of managing the Angels for 23 years and we believe that with KSE’s experience and success they are the best next owner of the franchise. The Angels Organization looks forward to continuing its commitment to the fans, our employees, the players and our business partners.” Moreno, 80, was Major League Baseball’s first Latino owner. in club history, one that featured five American League West titles and two ALCS appearances between 2004 and 2009. But that was followed by a terrible decade in which the team, despite employing a pair of generational talents in two-way star Shohei Ohtani and three-time AL MVP Mike Trout, failed to win a playoff game and endured losing seasons from 2016 to 2026. Moreno announced in August 2022 that he would explore the process of selling the franchise, only to cancel any potential deal five months later when he announced he would retain ownership of a team. In 2023, Moreno gave an interview to Sports Illustrated, in which he explained his decision to put the Angels up for sale and then take them off the market. “If I’m going to stay,” Moreno said he told his wife, “I have to make the decision that we have to do better. We’re just not doing it well enough.” and 2025, the Angels finished in last place, extending baseball’s longest playoff drought to 11 seasons. In 2026, they will be in last place again and fans have chanted during games for months, calling for Moreno to sell the team.
