Arsenal FC and Denver Nuggets Owner Stan Kroenke's KSE Buys Los Angeles Angels for Record Deal

Los Angeles Angels baseball is set for a new era as Kroenke Sports & Entertainment (KSE), led by billionaire Stan Kroenke, officially announced on Tuesday, September 1, 2026, its agreement to acquire a controlling interest in the franchise from Arte Moreno and his family. The monumental deal, reportedly valued at a record-breaking $4 billion, is expected to officially close in the first quarter of 2027, pending crucial approval from Major League Baseball (MLB). This acquisition will see Kroenke add a prominent MLB team to a portfolio that already spans multiple major sports leagues, establishing an unparalleled presence across American professional sports. Former India Captain Suryakumar Yadav Named MLB Ambassador for India.

Stan Kroenke Buys Los Angeles Angels

End of an Era for Moreno

Arte Moreno's 23-year tenure as the Angels' owner, which began in 2003 when he purchased the club for $183.5 million, is drawing to a close. Moreno became the first Mexican American to own a major sports franchise in the United States. During his ownership, the Angels experienced early success, reaching the playoffs in five of his first seven seasons, but have since endured a prolonged period without postseason victories, making only one playoff appearance in the last 16 seasons. Despite featuring generational talents like Mike Trout and former Angel Shohei Ohtani during much of this period, the team has struggled on the field, with the current season marking their 11th consecutive losing record. Moreno will, however, retain a minority ownership stake in the club.

Stan Kroenke's Expanding Sports Empire

For Stan Kroenke, this acquisition further solidifies his position as one of the most influential figures in global sports ownership. Kroenke Sports & Entertainment already boasts an impressive roster of teams, including the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, and the MLS's Colorado Rapids. Internationally, KSE owns Arsenal FC of the English Premier League and Arsenal Women F.C.. The addition of the Angels means KSE will now hold teams in the NFL, MLB, NBA, NHL, and MLS, showcasing a comprehensive strategy for sports and entertainment investment, particularly in the Southern California market, where Kroenke also developed the state-of-the-art SoFi Stadium.

A Record-Setting Valuation

The reported $4 billion valuation for the Angels sets a new benchmark for MLB team sales, surpassing the previous MLB record set by the $2.42 billion sale of the New York Mets in 2020. This staggering figure underscores the significant value placed on MLB franchises, particularly those in large markets with potential for real estate development around their stadiums, such as Angel Stadium. Both Moreno and Kroenke expressed optimism about the future of the Angels under KSE's stewardship. 'The Angels Organization is pleased to announce this transaction with Kroenke Sports & Entertainment,' Moreno stated in a press release, adding, 'We believe with KSE's experience and success they are the best next owner for the franchise'. Kroenke echoed this sentiment, calling the Angels a 'storied franchise anchored in a great market,' and promising an 'exciting future' for the team. Joshua Kuroda-Grauer Placed on Injured List After Ruptured T*sticle Injury.

This landmark deal signals a potentially transformative period for the Los Angeles Angels, with a new ownership group bringing extensive experience from across the sports landscape. Fans will be eager to see how Kroenke's proven track record of success with his other franchises translates to Anaheim and impacts the future of their beloved team.

(The above story first appeared on LatestLY on Sep 02, 2026 08:40 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).