Los Angeles Rams owner Stan Kroenke has reached an agreement to buy the Angels, ending the tenure of longtime owner Arte Moreno.
The deal was made through Kroenke Sports and Entertainment (KSE), Kroenke's holding company.
The Angels were sold for a valuation of $4 billion, sources told ESPN's Buster Olney, beating the previous MLB record for a sale of $3.9 billion set by the Padres' new owner earlier this year.
"The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization" Kroenke said in a press releasing announcing the deal.
The transaction is expected to close in the first quarter of 2027, and needs to be approved by Major League Baseball. Details about the sale and the terms were not immediately available.
#kroenke #owner #Rams #arte
The deal was made through Kroenke Sports and Entertainment (KSE), Kroenke's holding company.
The Angels were sold for a valuation of $4 billion, sources told ESPN's Buster Olney, beating the previous MLB record for a sale of $3.9 billion set by the Padres' new owner earlier this year.
"The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization" Kroenke said in a press releasing announcing the deal.
The transaction is expected to close in the first quarter of 2027, and needs to be approved by Major League Baseball. Details about the sale and the terms were not immediately available.
#kroenke #owner #Rams #arte
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