Billionaire Stan Kroenke is expanding his sports empire with the acquisition of a controlling interest in Major League Baseball’s Los Angeles Angels. Kroenke Sports + Entertainment announced the deal Tuesday, purchasing the team from Arte Moreno, who has owned the franchise since 2003.
The transaction is expected to close in the first quarter of 2027 and will require the approval of Major League Baseball and its owners. Through this purchase, Kroenke takes on the challenge of rebuilding a team that had turned into baseball’s laughingstock.
The move gives KSE teams in the NFL, MLB, NBA, NHL, and MLS. Kroenke already owns the Los Angeles Rams, the Denver Nuggets, the Colorado Avalanche, the Colorado Rapids, and Arsenal of the Premier League. Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires.