Stan Kroenke, the owner of the Los Angeles Rams and Arsenal Football Club, has reached an agreement to purchase the Los Angeles Angels from Arte Moreno. The transaction, announced on Tuesday, Sept. 1, 2026, is valued at a record-setting $4 billion. The sale is subject to approval from Major League Baseball and is expected to become official in the first quarter of 2027.
The deal concludes Moreno’s 23-year tenure as owner, which began in 2003 when he purchased the team from the Walt Disney Company. While the Angels won six division titles under Moreno between 2004 and 2014, the team has not had a winning record since 2015 and has missed the postseason for 11 consecutive seasons. Moreno had previously explored a sale in 2022 before deciding to retain the club, and as recently as spring training 2026, he stated he had no interest in selling.
Kroenke Sports & Entertainment (KSE) will add the Angels to a portfolio that includes the Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), and Colorado Mammoth (NLL). In a statement, Kroenke described the Angels as a "storied franchise anchored in a great market." Moreno stated that the Moreno family felt "honored to steward the Angels" and identified KSE as the "best next owner" due to the firm's history of success across multiple sports leagues.
The sale comes during a period of change for the Angels organization. Longtime club president John Carpino retired recently and was replaced by Molly Jolly, and general manager Perry Minasian was dismissed in June. John Mozeliak, the former St. Louis Cardinals executive, is currently serving as interim general manager through December. On the field, the team entered Tuesday tied for the worst record in the American League at 53-85.
The acquisition by Stan Kroenke brings a multi-sport ownership model to the Angels that has resulted in recent championships for the Rams (Super Bowl LVI), the Nuggets (2023 NBA Finals), the Avalanche (2022 Stanley Cup), and Arsenal (2025-26 Premier League). Residents and business partners in the Anaheim area may see changes in how the franchise is managed, as Kroenke developed the 300-acre Hollywood Park district surrounding SoFi Stadium. Players in the clubhouse, including manager Kurt Suzuki, expressed optimism regarding the new owner's track record of winning.
The next steps involve a formal review and vote by Major League Baseball owners to approve Kroenke as the new owner. While the agreement is public, the legal and financial transfer is not expected to be finalized until early 2027. In the interim, the organization must navigate the expiration of John Mozeliak's contract in December. Fans and employees will likely notice the first changes in team operations following the official closing date in the first quarter of next year.