Stan Kroenke to Acquire Controlling Stake in MLB's Los Angeles Angels
Stan Kroenke has agreed to purchase a controlling stake in the Major League Baseball’s Los Angeles Angels from the Moreno family. The deal is expected to close by early 2027, though financial terms were not disclosed. This acquisition expands Kroenke Sports and Entertainment's (KSE) portfolio into nearly every major professional sport, enhancing its presence in one of the world’s top sports markets. Kroenke already owns several high-profile teams including the NFL's Los Angeles Rams, NBA's Denver Nuggets, NHL's Colorado Avalanche, Premier League's Arsenal Football Club, and others. KSE is valued at over $26 billion according to CNBC's latest valuation list. Arte Moreno of the Moreno family expressed confidence in Kroenke as a suitable successor for managing the Angels franchise.
Topics: M&A (mergers and acquisitions) professional sports sports ownership