What $4 Billion Angels Sale Means for Mike Trout
Stan Kroenke will add the Angels to his sprawling sports portfolio after Arte Moreno’s 24-year ownership ended with 12 playoff-less seasons.
- On Tuesday, sports mogul Stan Kroenke agreed to purchase the Los Angeles Angels from longtime owner Arte Moreno for $4 billion, marking a potential fresh start for the struggling franchise.
- Moreno purchased the Angels in 2003, but the franchise has clinched 11 consecutive losing seasons; critics cited his heavy-handed management as a barrier to success.
- Kroenke owns successful franchises including the Los Angeles Rams and Denver Nuggets; star outfielder Mike Trout said the change 'was needed for a fresh start.'
- General Manager John Mozeliak and team president Molly Jolly informed staff operations remain unchanged for now, with the transaction requiring MLB approval and expected to close in first quarter 2027.
- The sale positions the Angels to compete in the American League West against aggressive spenders like Houston and Texas, as the franchise seeks to overcome years of mediocrity.
15 Articles
15 Articles
Yankees Pitcher Gerrit Cole's Attention Shifts to Hometown Angels Sale
On Monday, August 31, the New York Yankees began a three-game series against the Los Angeles Angels. The next day, Stan Kroenke purchased the Angels for a record $4 billion from Arte Moreno.Kroenke Sports & Entertainment will have controlling interest over the franchise after this much anticipated sale.Gerrit Cole of the Yankees, rooted for the […]
After Imprisoning The Angels In The Toilet For Decades, Arte Moreno Is Cashing Out
To sum up the quarter-century of Los Angeles Angels baseball under owner Arte Moreno requires someone who knows him and them better than we do, so let's go to Anaheim Mayor Ashleigh Aitken, who responded to Moreno's abrupt decision to sell the team on Tuesday thusly: “I feel like it’s my birthday.” And there's your Angels postgame show for today. Our final score again: Yankees 7, Angels 3. We'll see you tomorrow, and please drive home safely.
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