Angels Sold to Stan Kroenke for Record $4 Billion
Multi-sport owner Stan Kroenke acquires the Los Angeles Angels from Arte Moreno in a deal that sets a new MLB franchise sale record.
Arte Moreno, who purchased the Angels in 2003, has agreed to sell the franchise to Stan Kroenke at a $4 billion valuation. The deal surpasses the $3.9 billion paid for the Padres earlier this year, setting a new record for a controlling stake in an MLB team. Kroenke already owns multiple major sports franchises. The sale marks the end of a complicated two-decade tenure for Moreno, during which the team peaked early but struggled in recent years.
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Angels Agree to $4B Sale to Stan Kroenke
Arte Moreno has struck a deal to sell the Los Angeles Angels to billionaire Stan Kroenke, with the franchise valued at $4 billion pending MLB approval.
Angels Sold to Stan Kroenke for Record $4 Billion
Multi-sport owner Stan Kroenke acquires the Los Angeles Angels from Arte Moreno in a deal that sets a new MLB franchise sale record.