MLB's Los Angeles Angels to Be Sold to Rams and Arsenal Owner Stan Kroenke
The deal would end Arte Moreno’s 23-year ownership and bring a new owner with championship experience across multiple pro sports, the teams said.
- On Tuesday, Stan Kroenke's Kroenke Sports & Entertainment agreed to purchase the Los Angeles Angels from Arte Moreno, pending Major League Baseball approval.
- Moreno purchased the team for $184 million in 2003, but his 23-year tenure became defined by a decade-long playoff drought, bloated contracts, and fan protests chanting "sell the team."
- Unlike Moreno, Kroenke brings an operational philosophy prioritizing top-tier executives and sports science, contrasting with his predecessor's reliance on signing fading veterans to massive contracts.
- The transaction is expected to close in early 2027, potentially ending the structural stagnation that plagued the franchise under Moreno's ownership.
- Analysts suggest the acquisition functions as a real estate venture for the billionaire, who aims to revitalize a storied franchise that has not reached the playoffs since 2014.
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86 Articles
Angels Owner Arte Moreno Sells Baseball Team Four Years After Stadium Deal Flop
Angels owner Arte Moreno has reached an agreement to sell a controlling interest of the baseball team to the owner of Los Angeles Rams – years after a corruption scandal upended his efforts to buy Angel Stadium. Voice of OC is Orange County's nonprofit newsroom. We rely on donations from people like you to sustain our news agency. Please make a contribution today: https://voiceofoc.org/donate
Another California Sports Team Sold As Stan Kroenke Cuts Deal to Buy Los Angeles Angels
Kroenke, who already owns the L.A. Rams, alongside the NBA's Denver Nuggets, the NHL's Colorado Avalanche, the Colorado Rapids of MLS and Premier League's Arsenal, is buying the team from Arte Moreno.
This article was originally published on Cedarnews.net. For more news and exclusive reports, visit our website. Kroenke to buy controlling interest in Angels from Moreno. Angels NBC Sports Kroenke to buy controlling interest in Angels from. This news was published on the Cedarnews website. For more breaking news and exclusive reports, visit our official website.
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