Rams Owner Stan Kroenke to Buy Los Angeles Angels in Record MLB Deal
The billionaire owner buys the team from Arte Moreno The post Rams Owner Stan Kroenke to Buy Los Angeles Angels in Record MLB Deal appeared first on TheWrap .
Stan Kroenke, the owner of the Los Angeles Rams, has agreed to purchase the Los Angeles Angels, an MLB team, in a record-breaking deal. The Angels were sold for a valuation of over $3.9 billion, setting a new MLB record. Kroenke, who also owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal, made the purchase from Arte Moreno, who had been the team's owner for 23 years.
The sale, which hasn't been officially priced yet, is expected to close in the first quarter of 2027, pending approval from Major League Baseball. Kroenke stated that the Angels are a storied franchise in a great market, looking forward to an exciting future with the new ownership. Moreno expressed his satisfaction with the transaction, believing that KSE's experience and success make them the best next owners for the franchise.
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