Stan Kroenke’s group agrees to buy controlling interest in Los Angeles Angels from Arte Moreno
ANAHEIM, Calif. — The Stan Kroenke Angels agreement was announced Sept. 1, 2026. Kroenke Sports and Entertainment agreed Tuesday to buy a controlling interest in the Los Angeles Angels from the Moreno family. The company announced a definitive agreement on Sept. 1, 2026. The deal is targeted to close in the first quarter of 2027. It still needs Major League Baseball approval.
The official release does not state a price. Multiple outlets citing sources reported a $4 billion valuation for the club plus its regional sports network. Arte Moreno will remain a minority owner. The Associated Press said the sale also includes the team’s regional television network and radio station.
The Stan Kroenke Angels agreement is not a closed sale. MLB has not approved it. Moreno is not fully out. There has been no announcement that the team is moving.
What the Stan Kroenke Angels release said
KSE said the transaction pairs one of the original West Coast baseball franchises with its portfolio of teams, venues, and media platforms. The company said closing is subject to customary conditions and MLB approval.
E. Stanley Kroenke, owner and chairman of KSE, said in the release: “The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization.”
Moreno said: “The Angels Organization is pleased to announce this transaction with Kroenke Sports & Entertainment. 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.”
Price reports, and what has not been confirmed
The official KSE statement did not list a dollar figure. ESPN, citing sources, reported a $4 billion valuation. CNBC, citing a person with direct knowledge of the deal who was not authorized to speak, said the transaction values the Angels and their regional sports network at $4 billion. The Athletic, cited by the AP, also reported a $4 billion valuation.
Those reports are attributed to sources. They are not in the team’s release. US Local Now is reporting the figure that way, in line with its editorial policy on sourced claims.
Moreno bought the Angels from the Walt Disney Company in 2003 for $183.5 million. He was Major League Baseball’s first Latino majority owner, the AP said. He will keep a minority stake if the sale closes.
Kroenke’s other teams and the Southern California footprint
KSE’s other holdings include the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, Major League Soccer’s Colorado Rapids, and Premier League club Arsenal. The company also developed SoFi Stadium and the surrounding Hollywood Park district in Inglewood.
The Rams, Avalanche, Nuggets, and Arsenal have all won championships in their leagues over the past five years, the AP reported. ESPN listed those titles as the Rams in 2022, the Avalanche in 2022, the Nuggets in 2023, and Arsenal in 2026.
KSE said the Stan Kroenke Angels deal deepens its presence in Southern California. The Rams played home games at Angel Stadium from 1980 until 1994, the AP noted. Kroenke later moved the Rams back to Los Angeles and built SoFi Stadium.
Angel Stadium stays with the City of Anaheim
Angel Stadium is owned by the City of Anaheim. It is not part of a completed stadium sale. The club’s lease runs through Dec. 31, 2032, with options that could extend through 2038, MLB.com reported.
Moreno had a deal to buy the stadium and land around it in 2020. That arrangement was later scrapped, the AP said. There is no announcement in Tuesday’s release that the franchise is leaving Anaheim.
The Angels entered Tuesday 53-85. The AP said they were headed to an 11th consecutive losing season. That stretch is the longest active losing streak in the majors, according to the same report.
Trout calls it a “fresh start,” with the deal still pending
Mike Trout spoke after the news reached the clubhouse. The three-time American League MVP has spent his entire 16-year career in Anaheim. He called the agreement “just a fresh start.”
“I mean, you kind of felt it was needed,” Trout told the AP. “No hard feelings against Arte, but I’m super excited, the guys are excited. There’s a good vibe around the clubhouse, around the stadium. We’re all excited.”
Trout also said he looked up Kroenke’s record. “Wherever he buys, they win, so that’s a good sign,” he said. “No doubt he’ll invest in the team, in the players. That’s all you can ask.” Trout told the AP he still intends to play out the remaining four years of the $426.5 million contract he signed with Moreno in 2019.
Mozeliak, the 2022 sale talk, and what still has to happen
John Mozeliak, hired earlier this year to run baseball operations on a temporary basis, said he was surprised but not shocked. “I think it’s exciting news for everybody,” he told the AP. He said he has been told to conduct business as usual for now.
Moreno publicly explored a sale in 2022 and pulled the team off the market in early 2023, the AP reported. Tuesday’s announcement is an agreement to sell a controlling interest. It is not MLB approval, and it is not a completed closing.
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