Los Angeles Angels owner Arte Moreno has agreed to sell the franchise to Stan Kroenke, owner of the NFL’s Rams and other major sports teams, for a $4 billion valuation—a record for a baseball team. The deal, confirmed Tuesday via ESPN and other outlets, marks the end of Moreno’s 23-year tenure and Kroenke’s expansion into Major League Baseball.
Kroenke’s holding company, Kroenke Sports & Entertainment (KSE), will assume control of the Angels. KSE already owns the Rams (NFL), Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), and Arsenal F.C. (English Premier League). The purchase includes a controlling interest in the Angels organization, with the transaction expected to receive final approval in early 2027.
Reactions from key figures
Star outfielder Mike Trout expressed gratitude to Moreno and anticipation for meeting Kroenke, though he clarified he would not wear a Rams hat. Trout is one of only two players currently under contract for the 2027 season, alongside pitcher Yusei Kikuchi. The Angels’ roster and front-office structure remain in flux, with interim general manager and manager contracts expiring this year. The team’s lease on Angel Stadium also expires in six years, adding urgency to long-term planning.
Official statements
Moreno stated in a press release: “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.” Kroenke added: “The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization.”
Team and market context
The Angels’ sale follows years of fan frustration, including a 12-season playoff drought—the longest in MLB—and the departure of star pitcher Shohei Ohtani to the rival Dodgers in 2026. Moreno initially put the team up for sale in 2022 but withdrew the offer months later. The $4 billion valuation surpasses the previous MLB record of $3.9 billion, set earlier in 2026 by the San Diego Padres’ new ownership.
Local and fan perspectives
Anaheim officials and longtime fans expressed relief and optimism. Anaheim City Councilmember Natalie Rubalcava called the sale “a big day for Anaheim,” while others noted the potential for the Angels to remain in the city. Kroenke’s real estate background and history of building contenders in other leagues were cited as reasons for optimism, though the team’s immediate challenges—including roster construction and stadium lease negotiations—remain unresolved.
Next steps
The sale must clear MLB’s approval process, with Kroenke’s first priorities expected to include hiring a permanent general manager and manager, evaluating the roster, and addressing the stadium situation. The Angels’ 2027 season will serve as a critical inflection point under new leadership.