Stan Kroenke announced Tuesday morning that he has purchased the Angels from Arte Moreno.
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A release from Kroenke Sports & Entertainment said the company “has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels Baseball Club from the Moreno family. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and approval of Major League Baseball.”
Kroenke, who owns the Los Angeles Rams, also has ownership interests in the Denver Nuggets, the Colorado Avalanche, the Colorado Rapids, and Arsenal of the Premier League.
“The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization,” said Kroenke in the release.
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Moreno has owned the Angels since 2003, when he purchased the team for $184 million. A purchase price was not announced on Tuesday morning.
“The Angels Organization is pleased to announce this transaction with Kroenke Sports & Entertainment. The Moreno Family has been honored to steward the Angels for 23 years and we believe with KSE’s experience and success they are the best next owner for the franchise. The Angels Organization looks forward to continuing its commitment to the fans, our employees, the players and our business partners,” said Moreno in the release sent by Kroenke’s company.
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This story will be updated