Arte finally agreed to sell the team.Billionaire Stan Kroenke, owner of the Rams, Nuggets and Avalanche, swooped in Tuesday to rescue the Angels from baseball’s purgatory.Kroenke Sports & Entertainment is buying the franchise for $4 billion — making it the most expensive sale in Major League Baseball history.PADRES STRIKE DEAL TO SELL TO INVESTOR GROUP LED BY PRIVATE EQUITY BILLIONAIRE, VOWS WORLD SERIES CHAMPIONSHIP"The Angels are a storied franchise anchored in a great market," Kroenke announced in a statement."We look forward to an exciting future with the Angels organization."Angel Stadium of Anaheim in Anaheim, Calif., on Sept.
1, 2026, after Arte Moreno sold a controlling interest in the Angels franchise to Rams owner Stan Kroenke.(MediaNews Group via Getty Images)The price tag eclipses the Padres’ $3.9 billion record and crushes Steve Cohen’s $2.4 billion purchase of the Mets.MLB ALL-STAR MIKE TROUT SHUTS DOWN IDEA OF LEAVING LA, SAYS DOUBTERS FUEL PUSH TO GET ANGELS BACK TO PLAYOFFSAcross American sports, it matches Mat Ishbia’s $4 billion Phoenix Suns takeover, trailing only the Denver Broncos ($4.65 billion) and Washington Commanders ($6.05 billion).Moreno bought the club in 2003 for $184 million, right after its lone World Series title.
He released a statement on the sale:Los Angeles Angels of Anaheim owner Arte Moreno introduces Shohei Ohtani to the team at Angel Stadium of Anaheim on Dec.9, 2017, in Anaheim, Calif.
(Getty Images)"The Moreno Family has been honored to steward the Angels for 23 years, and we believe with KSE’s experience and success they are the best next owner for the franchise."The Angels organization looks forward to continuing its commitment to the fans, our employees, the players and our business partners."KHOSLA FAMILY REACHES DEAL TO BUY SUPER BOWL CHAMPION SEAHAWKS FOR NFL-RECORD PRICE: REPORTThe Halos haven't made the playoffs since 2014, the longest active postseason drought in baseball.Around baseball, the Ha...