Stan Kroenke is set to become the new owner of the Los Angeles Angels after Kroenke Sports & Entertainment reached a definitive agreement to acquire a controlling interest in the MLB franchise from Arte Moreno. The deal is expected to close during the first quarter of 2027, pending Major League Baseball approval and other customary conditions.
The reported $4 billion valuation would make the transaction the most expensive sale in Major League Baseball history. It surpasses the roughly $3.9 billion valuation attached to the San Diego Padres’ recent sale, highlighting the enormous value of the Angels despite their prolonged struggles on the field.
What Stan Kroenke’s Angels Ownership Means for MLB
The Angels will become the latest major addition to Kroenke’s unusually broad sports portfolio. He already controls the NFL’s Los Angeles Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, MLS’s Colorado Rapids and the Colorado Mammoth, while also owning Arsenal’s men’s and women’s soccer operations in England.
The acquisition also gives Kroenke a second major sports presence in Southern California. His organization operates the Rams and developed SoFi Stadium and the surrounding Hollywood Park development, while the Angels’ addition extends that footprint farther south into Orange County.
For Angels fans, however, the biggest question is whether the ownership change can finally reverse years of disappointing results. Moreno purchased the franchise in 2003, one year after its World Series championship, but the team has struggled to consistently compete and is currently facing an 11th consecutive losing season. The Angels have also endured MLB’s longest active playoff drought, having last reached the postseason in 2014.
That decline continued despite the presence of superstar Mike Trout and former Angels sensation Shohei Ohtani. Ohtani eventually left for the Los Angeles Dodgers, while Trout remained with the Angels as the franchise struggled to build a competitive roster around him.
Kroenke’s reputation provides some reason for optimism. In an official statement, he described the Angels as a “storied franchise anchored in a great market” and said KSE looked forward to an “exciting future” with the organization.
Trout also reacted positively to the impending ownership change. Speaking to the Los Angeles Times [Los Angeles Times], the longtime Angels star said of Kroenke, “What a track record. Wherever he buys, he wins.”
Although the sale does not guarantee immediate success, it represents a major turning point for the Angels. Kroenke will now have an opportunity to apply the organizational approach that has helped several of his other franchises compete for championships while attempting to revive one of baseball’s most struggling teams.
