Stan Kroenke, one of the most powerful figures in American sports, has reached a definitive agreement to acquire the Los Angeles Angels from Arte Moreno. The deal, which is expected to close in early 2027, would make Kroenke the first owner to control teams across all four major U.S. men’s professional sports leagues.
While the financial terms of the transaction have not been officially disclosed, multiple reports and industry sources have valued the Angels at approximately $4 billion. If confirmed, the deal would set a new record for an MLB franchise sale, surpassing the recent $3.9 billion acquisition of the San Diego Padres.
Kroenke’s sports empire already includes the Los Angeles Rams in the NFL, the Denver Nuggets in the NBA, the Colorado Avalanche in the NHL, the Colorado Rapids in MLS, the Colorado Mammoth in the NLL, and Premier League club Arsenal. All of Kroenke’s major teams have won league titles during his ownership.
The 79-year-old, who is also the largest private landowner in the United States, was a key figure behind the development of SoFi Stadium in Los Angeles. The venue has already hosted a Super Bowl and matches during the 2026 FIFA World Cup, while it is also scheduled to host Super Bowl LXI in 2027 and play a major role in the 2028 Los Angeles Olympic Games.
Arte Moreno, who has owned the Angels since 2003, previously put the franchise up for sale before abandoning the process in 2023. During his ownership, the Angels endured a prolonged period of sporting struggles, recording 10 consecutive losing seasons and missing the postseason since 2014. The team has not won a playoff game since 2009.
Kroenke’s acquisition would mark the second sale of a controlling interest in an MLB franchise in less than a year and represent another major ownership shift in the Los Angeles sports market.
One of the key issues facing the new ownership will be the future of Angel Stadium and the surrounding area. Moreno’s previous efforts to redevelop the site fell apart following years of legal and political complications. A lease extension signed last year, however, allows the Angels to remain at Angel Stadium until as late as 2038.
“The Angels are a storied franchise in a great market,” Kroenke said. “We look forward to an exciting future with the Angels organization.”
With the completion of the transaction, Kroenke will add an MLB franchise to his already extensive sports portfolio, opening a new chapter for the Angels both on and off the field.