Kroenke Sports & Entertainment Acquires Los Angeles Angels
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Kroenke Sports & Entertainment Acquires Los Angeles Angels
- Stan Kroenke's Kroenke Sports & Entertainment (KSE) has agreed to purchase the Los Angeles Angels for a reported $4 billion, setting a new record for an MLB team valuation.
- The acquisition marks the end of Arte Moreno's 23-year ownership of the Angels and is expected to finalize in the first quarter of 2027.
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Billionaire Stan Kroenke, through his company Kroenke Sports & Entertainment (KSE), has reached an agreement to acquire the Los Angeles Angels from current owner Arte Moreno. The deal, announced on September 1, 2026, is reportedly valued at $4 billion, making it the highest valuation ever for a Major League Baseball team, surpassing the $3.9 billion sale of the San Diego Padres earlier this year. The transaction is anticipated to close in the first quarter of 2027, pending approval from Major League Baseball.
This acquisition significantly expands Kroenke’s already extensive sports portfolio, which includes the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, MLS’s Colorado Rapids, and Arsenal FC of the English Premier League. The purchase of the Angels gives KSE a team in each of the four major American sports leagues. Kroenke, 79, is also known for developing SoFi Stadium and the surrounding Hollywood Park district in Inglewood, California.
Arte Moreno’s 23-year tenure as owner of the Angels, which began in 2003 when he purchased the team for $183.5 million, has been marked by a prolonged playoff drought, with the team not reaching the postseason since 2014. Moreno had previously explored selling the team in August 2022 but decided to retain ownership in January 2023. The Angels currently lease Angel Stadium from the city of Anaheim, with the agreement in effect until December 31, 2032, and options to extend it through 2038. A property assessment expected by the end of 2026 is anticipated to reveal that Angel Stadium requires hundreds of millions of dollars in upgrades. The long-term plan for the stadium will now fall to Kroenke.