Stan Kroenke Acquires Controlling Interest in LA Angels
Stan Kroenke's Kroenke Sports & Entertainment has agreed to acquire a controlling interest in Major League Baseball’s Los Angeles Angels from Arte Moreno and the Moreno family. The deal is subject to MLB approval but is expected to close by early next year, marking another expansion of Kroenke’s sports portfolio. Kroenke already owns several major franchises including the Colorado Avalanche (NHL), Arsenal F.C. (EPL), and the Denver Nuggets (NBA). This acquisition adds a prominent MLB team to his holdings, further solidifying his position as one of the most influential figures in U.S. sports ownership. The transaction is seen as a strategic move that could enhance Kroenke’s media rights leverage and expand revenue opportunities through cross-promotion across multiple leagues.
Topics: Kroenke Sports & Entertainment Los Angeles Angels MLB sports ownership