Overview
- Kroenke Sports & Entertainment reached a definitive agreement to buy controlling interest in the Los Angeles Angels from Arte Moreno, the teams announced on Tuesday.
- The parties did not disclose a purchase price but multiple outlets report a record valuation near $3.9–4.0 billion, which would top the Padres sale earlier this year.
- The sale must win Major League Baseball approval and customary regulatory reviews before it can close, with the clubs expecting completion in Q1 2027.
- Arte Moreno’s 23-year ownership ends after an era that began with division titles but later featured repeated losing seasons, high‑cost free‑agent failures such as Albert Pujols, Josh Hamilton and Anthony Rendon, and widespread fan unrest.
- Kroenke adds MLB to a portfolio that includes the Rams, Arsenal, the Nuggets and Avalanche, and his track record of investing in stadiums and front offices makes a roster rebuild, executive changes and facility upgrades the most likely next steps for the franchise.