Kroenke Sports to Buy MLB’s L.A. Angels, Fattening Its Pro Team Portfolio

Changes for the better are on the horizon for MLB’s struggling Los Angeles Angels.

Stan Kroenke, owner and chairman of Kroenke Sports and Entertainment, said Tuesday that he intends to buy a majority stake in the team.

“The Angels are a storied franchise anchored in a great market,” said Kroenke in a news release. “We look forward to an exciting future with the Angels organization.”

The Angels, who were welcomed as an expansion club in 1961 along with the Washington Senators, have been owned by Arte Moreno, 80, for the past 23 years. Multiple outlets including CNBC reported the sale price to be a record-breaking $4 billion. CNBC’s current valuation of the Angeles is $4.04 billion, up 37 percent in the last six months.

Earlier this season, the San Diego Padres were sold for $3.9 billion to Jose E. Feliciano and his wife Kwanza Jones.

Pending MLB approval, the change in Angels majority ownership is expected to be finalized sometime in the first quarter of 2027.

Kroenke, 79, with an MLB franchise added to his sports holdings, will be the only person with majority ownership of teams in all four of the major sports in North America. The NBA Denver Nuggets, NHL Colorado Avalanche, and NFL Los Angeles Rams are also Kroenke Sports properties in which he serves as chairman and his son Josh Kroenke as vice chairman.

Last month Forbes ranked the world’s richest sports teams owners, with the top 25 collectively worth $903 billion. Kroenke’s real time net worth, according to Forbes, is $24.3 billion, which would make him MLB’s richest owner. New York Mets majority owner Steve Cohen, with $23 billion in assets per Forbes, would become the second richest MLB owner when Kroenke’s deal finalizes.

The Angels have been on the decline for a prolonged period, but with an infusion of capital from ownership with deep pockets, their prospects should drastically improve. As of Friday’s game on the road against the Pittsburgh Pirates, the Angels have the worst record among all 30 MLB clubs: 53–87. They are last in the American League West, 18.5 games behind the first-place Houston Astros. The Angels haven’t appeared in postseason play since 2014, and from 2016 to 2025 under Moreno’s leadership they finished with a record below .500 (2026 will be the 11th consecutive season).

But the Angels’ fanbase hasn’t abandoned them. In the past four seasons, the team has averaged 30,000 to 32,000-plus fans per home game, and they’re currently in 13th place among the 30 MLB clubs in attendance at 32,410.

The Angels’ 2026 payroll —$172,265,194—ranks 15th among MLB teams, according to Spotrac, a sports financial database.

Angels fans who saw the club win its only World Series championship in 2002 have reason to believe better days are ahead. Kroenke has a track record of building winners. In 1995, he bought into the St. Louis Rams as a minority partner, and in 2010 became the majority owner. The Rams have won two Super Bowls under his stewardship, one in St. Louis and a second in Los Angeles, their home since 2016.

In July 2000, Kroenke purchased the Avalanche, Nuggets, and the Denver arena where they play home games from Liberty Media Corporation for $450 million, and he infused the teams with a winning culture. The Nuggets have won an NBA championship (2023) and the Avalanche have won the Stanley Cup twice (2001 and 2022).

Kroenke and his wife Ann Walton, daughter of Walmart cofounder Bud Walton, have been married since 1974.