Kroenke Sports and Entertainment Agrees to Acquire Controlling Ownership of Los Angeles Angels
Kroenke Sports and Entertainment, led by Stan Kroenke, has agreed to purchase controlling ownership of the Los Angeles Angels baseball team from current owner Arte Moreno. The deal is anticipated to be finalized in early 2027.
Detroit, MI, September 1, 2026 —
Kroenke Sports and Entertainment (KSE), a prominent sports ownership group headed by Stan Kroenke, has reached an agreement to purchase controlling ownership of the Los Angeles Angels Major League Baseball team. The transaction is set to be finalized with the current owner, Arte Moreno.
The agreement marks a significant development in the ownership of one of baseball’s well-known franchises. Kroenke Sports and Entertainment already holds a diverse portfolio of professional sports teams across various leagues, including the Los Angeles Rams (NFL), Denver Nuggets (NBA), Colorado Avalanche (NHL), and Arsenal F.C. (Premier League).
The summary provided does not include specific financial details of the agreement, such as the purchase price or the exact valuation of the Los Angeles Angels. Information regarding the terms of the sale beyond the transfer of controlling ownership was also not specified.
Arte Moreno has been the owner of the Los Angeles Angels since 2003. During his tenure, the team has achieved notable successes, including a World Series championship in 2002, prior to his acquisition.
The deal is currently anticipated to be finalized in early 2027. Further details regarding the official closing of the transaction will likely be disclosed as the date approaches and regulatory approvals are secured. The specific timeline for the completion of the sale remains subject to the standard processes involved in such high-profile acquisitions.
Story summarized from the original created by AP via Scripps News Group on www.wxyz.com, see more information here.
