ANAHEIM, Cali. -- Los Angeles Rams owner Stan Kroenke and his Kroenke Sports & Entertainment company has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels from the Arte Moreno and the Moreno family, the company announced Tuesday.
The transaction is expected to close during the first quarter of 2027, subject to customary closing conditions and approval from Major League Baseball. Financial terms of the agreement were not disclosed.
The acquisition would add one of Major League Baseball's original West Coast franchises to KSE's expansive global portfolio, which includes the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, Colorado Mammoth and ****** nal Football Club.
"The Angels are a storied franchise anchored in a great market," KSE owner and chairman Stan Kroenke said in a statement. "We look forward to an exciting future with the Angels organization."
The deal would end Arte Moreno's 23-year run as the controlling owner of the Angels. Moreno purchased the franchise from The Walt Disney Company in 2003, shortly after the team won its first World Series championship.
#Angels #company #owner #stan
The transaction is expected to close during the first quarter of 2027, subject to customary closing conditions and approval from Major League Baseball. Financial terms of the agreement were not disclosed.
The acquisition would add one of Major League Baseball's original West Coast franchises to KSE's expansive global portfolio, which includes the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, Colorado Mammoth and ****** nal Football Club.
"The Angels are a storied franchise anchored in a great market," KSE owner and chairman Stan Kroenke said in a statement. "We look forward to an exciting future with the Angels organization."
The deal would end Arte Moreno's 23-year run as the controlling owner of the Angels. Moreno purchased the franchise from The Walt Disney Company in 2003, shortly after the team won its first World Series championship.
#Angels #company #owner #stan
2 months ago