Overview
- The Angels and Kroenke Sports & Entertainment announced a definitive agreement Tuesday to transfer a controlling interest in the team with closing expected in the first quarter of 2027 and subject to Major League Baseball approval.
- The parties did not disclose official terms, but multiple outlets report the deal values the Angels at roughly $4 billion, which would set a new MLB record for a franchise sale.
- Stan Kroenke will add MLB to a portfolio that includes the Rams, Nuggets, Avalanche and Arsenal, and players and executives have reacted positively to his arrival because of his organizations’ recent championship track record.
- Interim baseball operations changes are already underway in Anaheim, with John Mozeliak named interim general manager and front-office and coaching shifts happening as the team prepares for an organizational reset.
- The sale ends Arte Moreno’s 23-year ownership that began in 2003 with a $183.5 million purchase and that produced early division titles but later years marked by repeated front-office turnover, costly free-agent signings and an 11-season losing stretch that squandered the primes of Mike Trout and Shohei Ohtani.