Arsenal owner Kroenke buys MLB franchise LA Angels

Stan Kroenke, the owner of Arsenal, has acquired the Major League Baseball team, the Los Angeles Angels, in a transaction reportedly valued at $4 billion. Kroenke, who has held a controlling interest in Arsenal since 2011, now oversees teams in six prominent sports leagues. This acquisition adds the Angels to Kroenke's portfolio, which already includes the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, the MLS’s Colorado Rapids, and Arsenal itself.

The exact monetary amount of the deal was not disclosed, but reports suggest it is a record price for an MLB team, surpassing the $3.9 billion the San Diego Padres were sold for in August. Kroenke remarked, "The Angels are a storied franchise anchored in a great market," and expressed optimism for the team's future. Prior to Kroenke's purchase, Arte Moreno owned the Angels, who had been in a unique position of not making the play-offs in 11 years, the longest streak in MLB history.

This situation has sparked fan dissatisfaction, with protests and chants demanding the team's sale and better performance.