Los Angeles – Stan Kroenke, owner of the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, MLS’s Colorado Rapids and English Premier League club Arsenal, has reached an agreement to buy the Los Angeles Angels baseball team.
Deal details and timeline
The purchase agreement, announced in a joint press release by Kroenke Sports & Entertainment (KSE) and the Angels, states that the transaction will close in the first quarter of 2027, pending customary closing conditions and approval by Major League Baseball.
Angels’ recent performance
The Angels, bought by Arte Moreno in 2003 after the franchise’s lone World Series title, were valued by Forbes in March at $2.8 billion, ranking them the 11th‑most valuable MLB team. Despite that valuation, the club has struggled on the field, heading into what would be its 11th straight losing season and extending MLB’s longest active postseason drought to twelve years.
Comments from ownership
“The Angels are a storied franchise anchored in a great market,” Kroenke said. “We look forward to an exciting future with the Angels organization.” Moreno added, “The Moreno family has been honored to steward the Angels for 23 years and we believe KSE’s experience and success make them the best next owner for the franchise.”
What this means for fans
KSE’s track record of investing in and growing its sports properties suggests a potential infusion of resources and strategic direction for the Angels. While the team’s on‑field woes have persisted, the new ownership could bring renewed focus on roster building, facilities, and community engagement in the Los Angeles market.
As the deal moves toward final approval, Angels supporters will be watching closely to see how KSE’s involvement might alter the franchise’s trajectory and whether the team can break its long postseason drought.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
