Billionaire Stan Kroenke Agrees to Buy Los Angeles Angels in Reported $4 Billion Deal

Billionaire Stan Kroenke is expanding his sports empire into Major League Baseball after his company, Kroenke Sports & Entertainment, agreed to acquire a controlling interest in the Los Angeles Angels from the Moreno family.

The Angels announced the agreement on September 1, saying the transaction is expected to close in the first quarter of 2027, subject to approval from Major League Baseball and other customary closing conditions. The official announcement did not disclose the financial terms of the transaction.

However, people familiar with the deal told The Wall Street Journal and Los Angeles Times that the transaction values the Angels and their media assets at $4 billion. If completed at that valuation, it would set a new record for the most valuable MLB franchise sale, surpassing the $3.9 billion sale of the San Diego Padres earlier this year. The $4 billion figure is therefore a reported valuation rather than an officially disclosed purchase price.

Kroenke, 79, already owns a collection of major sports franchises, including the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, MLS's Colorado Rapids and English Premier League club Arsenal. The Angels would become his first MLB team, giving Kroenke Sports & Entertainment a presence across the four major U.S. professional sports leagues.

Forbes estimates Kroenke's fortune at $24.3 billion, built primarily through commercial real estate and entertainment ventures. Forbes valued the Angels themselves at $2.8 billion in March 2026, meaning the reported $4 billion transaction represents a significant premium over that previous valuation. Kroenke's estimated fortune, however, should not be confused with the value of his sports portfolio or the reported value of the Angels deal.

The transaction would also end Arte Moreno's 23-year ownership of the Angels. Moreno bought the franchise from the Walt Disney Company in 2003 for $183.5 million, shortly after the team won its only World Series championship in 2002. Under Moreno, the Angels won six division titles, but the franchise has not reached the playoffs since 2014 and is heading toward its 11th consecutive losing season.

The Angels' struggles have continued despite the franchise employing some of baseball's biggest stars, including Mike Trout and Shohei Ohtani. The team has failed to return to the postseason since 2014, giving it MLB's longest active playoff drought.

Moreno said the family believes Kroenke Sports & Entertainment's experience and success make it the right next owner for the franchise. Kroenke described the Angels as a "storied franchise anchored in a great market" and said he looks forward to the team's future.

If the transaction receives the required approvals and closes as expected, Kroenke will add one of baseball's most recognizable franchises to a sports empire that already spans multiple leagues and continents. For now, the acquisition agreement is confirmed, while the reported $4 billion valuation remains an estimate based on sources familiar with the deal rather than an officially released purchase price.