In brief
Kroenke Sports & Entertainment reached a deal on 1 September 2026 to buy the Los Angeles Angels for $4 billion, exceeding the $3.9 billion sale of the San Diego Padres in August 2026.
Stan Kroenke, whose net worth is estimated at $24.3 billion by Forbes, adds the Angels to an empire containing the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal.
Arte Moreno, who bought the Angels for $183.5 million in 2003, departs following 11 consecutive losing seasons and six front-office leadership changes.
The Angels have not reached the postseason in 12 straight seasons, having failed to qualify for October baseball during the six seasons Mike Trout and Shohei Ohtani played together.
- June 2026John Mozeliak is appointed interim general manager on a six-month deal
- 1 SeptKroenke Sports & Entertainment agrees to acquire the Angels for $4 billion
- Q1 2027Expected closing of the franchise sale subject to MLB approval
Purchase agreement and record valuation
Stan Kroenke reached an agreement on 1 September 2026 to acquire a controlling stake in the Los Angeles Angels through Kroenke Sports & Entertainment (KSE). The transaction values the baseball club and its regional network, Angels Broadcast Television, at $4 billion, establishing the highest purchase price in Major League Baseball history. The deal exceeds the previous league benchmark of $3.9 billion set in August 2026 when an investment group led by Jose E Feliciano finalized the acquisition of the San Diego Padres. The Angels transaction is scheduled to close in the first quarter of 2027, subject to customary closing conditions and formal approval by MLB owners.
- Los Angeles Angels (2026)
- 4 $B
- San Diego Padres (2026)
- 3.9 $B
- New York Mets (2020)
- 2.4 $B
- Los Angeles Angels (2003)
- 0.1835 $B
Data from the article text
Kroenke sports portfolio and financial standing
Kroenke holds an estimated net worth of $24.3 billion according to Forbes, which places him ahead of New York Mets owner Steve Cohen ($23 billion) as the wealthiest majority owner in baseball. The transaction adds an MLB franchise to a holding company that already operates the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, MLS club Colorado Rapids, and Arsenal in the English Premier League. In Southern California, Kroenke developed the 300-acre Inglewood sports complex surrounding the $5 billion SoFi Stadium, which opened in 2020. The Angels purchase does not include a real estate development agreement for the 150 acres surrounding Angel Stadium, which remain municipal property owned by the city of Anaheim.
“The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization.”
Conclusion of Moreno ownership era
The sale concludes a 23-year tenure for 80-year-old Arte Moreno, who bought the Angels from The Walt Disney Company in 2003 for $183.5 million following the club's 2002 World Series victory. Moreno, who became the first Mexican American majority owner in professional sports leagues across the United States, oversaw playoff appearances in five of his first seven seasons. The team subsequently reached the postseason only once over the past 16 seasons, when the Kansas City Royals swept Anaheim in 2014. During his ownership, Moreno appointed six different heads of baseball operations and employed five managers after Mike Scioscia retired following the 2018 season.
“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.”
On-field performance and front office transition
The Angels entered September 2026 heading toward an 11th consecutive losing season and an active MLB-high 12th consecutive season without a postseason appearance. The franchise failed to reach the playoffs during the six seasons that outfielders Mike Trout and Shohei Ohtani played as teammates, despite the pair combining for five American League Most Valuable Player awards between 2014 and 2023. Ohtani departed in free agency, while Trout remains under contract with a squad tied for the worst record in the American League. In June 2026, team president Molly Jolly appointed interim general manager John Mozeliak on a six-month deal following his 19-year leadership of the St. Louis Cardinals.