Arsenal's Kroenke to buy baseball's Los Angeles Angels for US$4bil
LOS ANGELES: US billionaire Stan Kroenke on Tuesday agreed terms to buy the Los Angeles Angels baseball team, adding to his sports franchise empire that already includes the NFL’s Los Angeles Rams and the English Premier League’s Arsenal.
Stan Kroenke, a US billionaire and sports franchise owner, has reached an agreement to acquire the Los Angeles Angels baseball team for a reported $4 billion. This adds to his sports empire, which already includes the NFL's Los Angeles Rams and the English Premier League's Arsenal. The deal, subject to league approval, is expected to close early next year.
Kroenke, who made his fortune in real estate, owns the Denver Nuggets, Colorado Avalanche, and Colorado Rapids, among other teams. The Angels, a storied franchise in Anaheim, have not reached the playoffs since 2014 despite their star players Mike Trout and Shohei Ohtani. The previous highest MLB sale price was $3.9 billion, paid for the San Diego Padres in 2023. Kroenke's purchase includes a controlling interest, pending league approval.
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Also reported by 1 other outlet
- Rams owner Stan Kroenke reaches deal to acquire MLB’s Angels japantimes.co.jp
