Rams owner Stan Kroenke buys Angels from Arte Moreno for record-breaking price

Stan Kroenke conquered Los Angeles football.Now, he’s crossing county lines and stepping into the batter’s box.The Los Angeles Rams owner has agreed to purchase a controlling interest in the Los Angeles Angels from Arte Moreno, a stunning late-season transaction that now adds a Major League Baseball franchise to Kroenke’s sprawling sports empire that includes the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, the MLS’s Colorado Rapids and Premier League club Arsenal.It also ends Moreno’s turbulent 23-year run atop the franchise.The Los Angeles Times reported that the price tag was an MLB record, more than the $3.9 billion the Padres recently went for.Kroenke Sports & Entertainment announced the agreement Tuesday, with the transaction expected to close in the first quarter of 2027, pending MLB approval and customary closing conditions.

“The Angels are a storied franchise anchored in a great market,” Kroenke said in a statement.“We look forward to an exciting future with the Angels organization.”For frustrated Angels fans, it will be a welcome sight for an organization that has not won a championship since 2002.Moreno became MLB’s first Latino owner when he purchased the Angels shortly after they won the 2002 World Series and presided over its most successful sustained stretch, including five AL West titles from 2004-2009.

But those glory years gave way to one of baseball’s most confounding collapses.Despite having generational superstars Mike Trout and Shohei Ohtani on the roster, the Angels have not won a playoff game since 2009.They have finished last in the AL West each of the last two years and entered September 2026 in the cellar again, while chants of “sell the team” have now become a familiar soundtrack among upset fans at Angel Stadium.Now those fans have finally gotten their wish.“The Angels Organization is pleased to announce this transaction with Kroenke Sports & Entertainment,” said Moreno in a statement r...