Stan Kroenke has reached a definitive agreement to acquire a controlling interest in the Los Angeles Angels from the Moreno family, the teams announced. The transaction is expected to close in the first quarter of 2027 and remains subject to Major League Baseball approval.
The deal will leave Arte Moreno as a minority owner with an undisclosed stake, the announcement said. The Times and The Athletic reported the transaction values the Angels at about $4 billion, which would set a new MLB record for a franchise sale.
The Angels organization has endured significant upheaval this season. Longtime club president John Carpino retired and was replaced by Molly Jolly, while general manager Perry Minasian was dismissed and replaced on an interim basis by John Mozeliak.
Mozeliak helped oversee the Draft and the Trade Deadline, where the club moved seven players, and he implemented a recent front office shakeup. He said he has not yet decided whether he will remain with the organization when his contract ends in December.
The transaction comes amid persistent on-field struggles. The team has not posted a winning record since 2015 and has gone more than a decade without a playoff win, a drought that has intensified fan protests at Angel Stadium.
Mike Trout, the franchise's star player, said he welcomed Kroenke's history of building winning teams and looked forward to meeting the new owner, according to the Angels' statement.
Implications For Stadiums Front Office And Local Market
Kroenke Sports & Entertainment owns the NFL's Rams and built SoFi Stadium along with a 300-acre Hollywood Park development, a record cited in the announcement and in reporting. KSE also holds stakes in the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Arsenal.
The Angels' current lease runs through December 31, 2032, and the club holds two extension options that could keep the team at Angel Stadium through 2038. Team officials said it is too early to outline specific redevelopment plans.
Analysts and fans expect Kroenke's experience in sports real estate and stadium projects to shape future decisions. The new ownership also raises questions about payroll, roster strategy and whether Kroenke will attempt to buy out remaining minority partners.
Arte Moreno, who purchased the club in 2003 and led the franchise for 23 years, said his family was honored to steward the team and believed KSE was the right next owner in a press release quoted by the team.
