Kroenke Reaches Definitive Deal to Buy Angels from Moreno
Stan Kroenke Sports & Entertainment has entered a definitive agreement to purchase the Los Angeles Angels from Arte Moreno, with the transaction expected to close in the first quarter of 2027 pending MLB approval. Kroenke would become the first owner across all four major North American sports leagues. The deal is valued by multiple reports and industry sources at approximately $4 billion, setting an MLB ownership record.
Stan Kroenke Sports & Entertainment has entered a definitive agreement to purchase the Los Angeles Angels from Arte Moreno, a transaction announced on September 2, 2026, that is expected to close in the first quarter of 2027 pending Major League Baseball approval.
The deal positions Kroenke to become the first owner in all four major North American sports leagues. Kroenke currently controls the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, Major League Soccer's Colorado Rapids, the National Lacrosse League's Colorado Mammoth, and the English Premier League's Arsenal. Moreno has owned the Angels since 2003, a tenure of 23 years.
Multiple reports and industry sources point to a $4 billion valuation for the transaction, which would set a record for an MLB ownership sale and surpass the recently completed $3.9 billion sale of the San Diego Padres. The exact purchase price was not disclosed by the parties. Kroenke, 79, leads a sports portfolio that includes his son Josh Kroenke as vice chairman and Kevin Demoff, the Rams' president, as KSE president of team and media operations.
Moreno previously attempted to sell the franchise in the early 2020s before abandoning those efforts in early 2023. More recently, Moreno turned baseball operations over to consultant and former St. Louis Cardinals executive John Mozeliak, who has been granted authority to reshape the front office, coaching staff, and overall approach. The Angels have not reached the postseason in 11 years and will miss the playoffs again this season.
Kroenke will inherit a long-complicated real estate situation in Anaheim. Moreno previously sought to acquire the city-owned ballpark as part of a larger redevelopment plan, but that agreement collapsed four years ago during a corruption investigation involving then-Mayor Harry Sidhu. Angel Stadium, the league's fourth oldest ballpark, operates under a lease extension signed last year that runs through 2038. Additionally, ongoing political efforts have sought to pressure the Angels to drop their Los Angeles geographic signifier and return to the Anaheim designation. Kroenke said in a statement: "The Angels are a storied franchise in a great market. We look forward to an exciting future with the Angels organization."
Stan Kroenke has reached a definitive agreement to purchase the Los Angeles Angels, which would make him the first owner in all four major North American sports leagues (NFL, NBA, NHL, MLS).
MLB approval is the final gate to a transaction that becomes official in early 2027. The pressing strategic questions are whether Kroenke will attempt to break the Anaheim real estate deadlock and how his operational model will address the franchise's 11-year postseason absence.
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Also reported by NBC Los Angeles, SoFi Stadium, Arizona Sports, The Sporting Tribune. Independent coverage of the same development, found by search; not this story's sources.
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