Stan Kroenke expands his sports empire with the Angels in a record-setting MLB purchase
Kroenke now owns teams in six major sports leagues, including the NFL, NBA, Premier League, and now, the MLB
The Los Angeles Angels have officially entered a monumental new era following a stunning agreement to sell a controlling stake in the franchise to billionaire Stan Kroenke and Kroenke Sports & Entertainment (KSE) for a staggering $4 billion valuation .
This blockbuster transaction brings a definitive close to Arte Moreno 's turbulent 23-year run as owner. Moreno, who purchased the club from The Walt Disney Company in 2003 fresh off its first and only World Series title, initially energized the fanbase by lowering ticket and concession prices while capturing five AL West division crowns between 2004 and 2009.
However, the organization devolved into a cautionary tale of squandered potential, enduring an 11-year postseason drought and wrapping up a stretch of 10 consecutive losing seasons .
Despite employing generational superstars like Mike Trout and Shohei Ohtani , the front office faced fierce criticism from fans and analysts alike for heavy-handed interference and a failure to build a competent supporting cast around their marquee talents.
According to official announcements, the sale is subject to Major League Baseball approval and is formally projected to close in the first quarter of 2027.
Kroenke Sports & Entertainment’s Championship Blueprint
With Stan Kroenke taking the reins, the Angels franchise instantly inherits one of the most proven and resourceful ownership groups in global sports. KSE boasts an extraordinary track record of transforming major sports properties into championship contenders across multiple leagues .
Under Kroenke’s stewardship, the NFL's Los Angeles Rams captured Super Bowl LVI, the NBA's Denver Nuggets claimed the 2023 Larry O'Brien Championship trophy, the NHL's Colorado Avalanche hoisted the Stanley Cup in 2022, and English Premier League reigning champions Arsenal has consistently competed at the very summit of European soccer.
Furthermore, KSE controls the Colorado Rapids (MLS), the Colorado Mammoth (NLL), and engineered the colossal multi-billion-dollar development of SoFi Stadium and the surrounding Hollywood Park district in Inglewood.
By injecting this elite operational expertise and financial muscle into an Angels organization desperate for a cultural reset, KSE aims to steer the historic ballclub away from years of mismanagement and back toward sustained competitiveness.
