Stan Kroenke Has Deal to Buy Angels From Arte Moreno
The side announced the deal Tuesday.
Stan Kroenke, a real estate mogul, acquired control of the Los Angeles Angels in a significant baseball transaction. This marks the first time the team has changed ownership since 2004, when Arte and Carlos Moreno had owned it. The Angels have not reached the postseason since 2014 and last won a playoff round in 2009, the longest such drought in Major League Baseball history.
This ownership change occurs as Major League Baseball and the players' union approach a potential prolonged labor dispute, with the Collective Bargaining Agreement set to expire on December 1. The Moreno family, who have been the team's stewards for 23 years, expressed confidence in Kroenke Sports & Entertainment's ability to guide the franchise.
Kroenke, known for his success in various sports, will oversee the team in the future, beginning with the expected January 2027 closing, pending MLB approval. Kroenke will face the challenge of shaping the team's direction, following the recent leadership changes at the Angels, including the appointment of team president Molly Jolly and interim general manager John Mozeliak.
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Also reported by 4 other outlets
- Arte Moreno Finally Sells the Angels in Landmark MLB Deal newsweek.com
- Rams Owner Stan Kroenke to Buy Los Angeles Angels in Record MLB Deal thewrap.com
- Major League Baseball’s L.A. Angels Sold By Arte Moreno To Rams Owner Stan Kroenke deadline.com
- Another California Sports Team Sold As Stan Kroenke Cuts Deal to Buy Los Angeles Angels hollywoodreporter.com
