Major League Baseball’s L.A. Angels Sold By Arte Moreno To Rams Owner Stan Kroenke

Stan Kroenke, owner of the Los Angeles Rams, has agreed to buy the Los Angeles Angels from Arte Moreno. The sale marks the end of Moreno's 23-year tenure as owner of the team. Kroenke, whose company Kroenke Sports & Entertainment also owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal, has acquired a team in all four major North American sports.

According to Deadline and TheWrap, the sale price is around $4 billion, a new MLB record. TheWrap reported that the exact price remains unknown, but it is greater than $3.9 billion, the previous MLB record set by the Padres' new owner earlier this year. The transaction is expected to close in the first quarter of 2027, subject to Major League Baseball approval, as reported by Yahoo Sports.

Kroenke and Moreno have both released statements on the sale, with Kroenke saying the Angels are "a storied franchise anchored in a great market" and looking forward to an "exciting future" with the team. Moreno said his family has been "honored to steward the Angels for 23 years" and believes Kroenke's company is the best next owner for the franchise. The team has struggled in recent years, not having a winning season since 2015 and no postseason appearance since 2014, according to Yahoo Sports.

Brief written by urgent.news from Deadline, TheWrap, The Hollywood Reporter, Yahoo Sports, Variety — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.