Rams proprietor Stan Kroenke has agreed to purchase the Angels, including Major League Baseball to a portfolio that spans six leagues and two continents.
The deal runs by means of Kroenke Sports and Entertainment, Kroenke’s holding firm, which additionally owns the Denver Nuggets of the NBA, the Colorado Avalanche of the NHL, the Colorado Rapids of MLS and Arsenal of the Premier League.
Companies tied to Kroenke additionally personal the Rams and constructed SoFi Stadium and the 300-acre Hollywood Park growth round it in Inglewood, a mission that has grown right into a sports activities and leisure hub for Los Angeles County and is ready to host occasions throughout the 2028 Olympics and Paralympics.
The Angels deal pushes that footprint south, into Orange County’s market of greater than three million folks, with its personal financial system, company base and tourism draw aside from Los Angeles correct. Pairing the 2 groups provides KSE a year-round presence on the Southern California sports activities calendar.
The worth of the acquisition was not introduced. Forbes valued the Angels at $2.8 billion in March.
“The Angels are a storied franchise anchored in a great market,” Kroenke mentioned in a press release. “We look forward to an exciting future with the Angels organization.”
Kroenke, 79, has proven curiosity in shopping for a Southern California baseball crew earlier than. More than a decade in the past, he was a backup bidder when the Dodgers offered.
“The Angels organization is pleased to announce this transaction with Kroenke Sports & Entertainment,” departing Angels proprietor Arte Moreno mentioned in a press release. “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.”
Moreno, 80, was Major League Baseball’s first Latino proprietor.
His possession of the Angels, which started on the heels of the franchise’s solely World Series championship in 2002, began with probably the most profitable decade in membership historical past, one which featured 5 American League West titles and two AL Championship Series appearances from 2004-2009.
But that was adopted by a dreadful decade by which the crew — regardless of using a pair of generational skills in two-way star Shohei Ohtani and three-time AL Most worthy participant Mike Trout — did not win a playoff recreation and endured dropping seasons from 2016-2026.
Moreno introduced in August 2022 that he would discover the method of promoting the franchise, solely to drag the plug on any potential deal 5 months later, when he introduced he would retain possession of a crew.
In 2023, Moreno granted an interview to Sports Illustrated, by which he defined his choice to place the Angels up on the market, then take them off the market.
“If I’m going to stay,” Moreno said he instructed his spouse, “I have to make a decision that we have to do better. We’re just not doing well enough.”
In 2024 and 2025, the Angels completed in final place, extending baseball’s longest playoff drought to 11 seasons. In 2026, they’re in final place once more and followers have chanted throughout video games for months, calling on Moreno to sell the team.