Stan Kroenke has entered a definitive agreement to acquire a controlling interest in the Los Angeles Angels from Arte Moreno, the team and Kroenke Sports & Entertainment said in a joint statement.
The transaction is expected to close in the first quarter of 2027, subject to Major League Baseball approval and customary closing conditions, the announcement said. Media reports have placed the sale at a record $4 billion valuation, according to The Times and The Athletic.
The Moreno family, which bought the club in 2003, will remain a minority owner with an undisclosed stake, the club said. Moreno ends a 23-year tenure marked by early division titles and more recent struggles, including no winning season since 2015 as detailed in reporting on the franchise.
Organizational changes this season preceded the announcement. Longtime club president John Carpino retired and was succeeded by Molly Jolly. General manager Perry Minasian was dismissed in June and veteran executive John Mozeliak was named interim general manager. Mozeliak told reporters he was surprised by the sale news but said change was part of his mandate.
Kroenke called the Angels "a storied franchise anchored in a great market," language included in the team and KSE release. Mike Trout said he looked forward to meeting Kroenke and cited Kroenke’s track record of building winning franchises, according to the team statement.
Implications And Reactions
Industry observers and fans flagged two immediate priorities under Kroenke: the roster and the ballpark. Kroenke’s holding company developed SoFi Stadium and the surrounding Hollywood Park district, making stadium redevelopment a likely focus, the team noted. The Angels’ current lease runs through December 31, 2032, and the club holds two extensions that could keep the team at Angel Stadium through 2038, per the announcement.
Kroenke Sports & Entertainment already owns the NFL’s Rams and a portfolio that includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Arsenal. Coverage noted those teams have won championships during Kroenke’s ownership, and that KSE is known for sports real estate projects.
The sale drew mixed reactions. Fans who had publicly urged Moreno to sell celebrated, while reporting captured longstanding frustration over the franchise’s performance and past management decisions. Coverage cited protests at Angel Stadium and public criticism of Moreno’s past remarks on fan priorities. Team leaders said operations will continue as usual while the transition proceeds and a new baseball operations leader is sought after Mozeliak’s interim term ends in December.
