Stan Kroenke Reaches Agreement to Purchase Los Angeles Angels from Arte Moreno
LA Rams owner Stan Kroenke has reached an agreement to buy the Angels from Arte Moreno in a deal reported to exceed $3.9 billion, pending further steps.
LA Rams owner Stan Kroenke has reached an agreement to purchase the Los Angeles Angels from longtime owner Arte Moreno, per a report from Rhett Bolliger on MLB.com.
The deal is reported to exceed $3.9 billion, which would represent a record-breaking sum for a franchise sale. Kroenke already owns the NFL's Los Angeles Rams, making this a notable expansion of his sports portfolio within the same market.
What we know
Moreno, who has owned the Angels for more than two decades, would be selling to one of the more prominent multi-sport ownership figures in professional sports. The agreement has been reached, per the report — formal league review and the closing process remain ahead.
What remains unconfirmed
The timeline for league review and any conditions attached to the sale have not been detailed in the available reporting. What, if any, operational changes would follow a completed transfer of ownership also remains unclear.
The front office backdrop
The agreement arrives as Angels president John Mozeliak recently announced front office promotions for Swanson and Lord, along with a restructuring of the scouting department — organizational moves that now carry added context given the pending ownership transition.
More on the Angels wire.
Stan Kroenke Reaches Agreement to Purchase Los Angeles Angels from Arte Moreno
LA Rams owner Stan Kroenke has reached an agreement to buy the Angels from Arte Moreno, per MLB.com's Rhett Bolliger.
Stan Kroenke Reaches Agreement to Purchase Los Angeles Angels from Arte Moreno
LA Rams owner Stan Kroenke has reached an agreement to buy the Angels from Arte Moreno, per MLB.com's Rhett Bolliger, in a deal reported to exceed $3.9B.
Stan Kroenke Reaches Agreement to Purchase Los Angeles Angels from Arte Moreno
LA Rams owner Stan Kroenke has reportedly reached an agreement to buy the Angels from Arte Moreno; terms and a closing timeline remain unconfirmed.
Angels Sold to Stan Kroenke in Record-Breaking Deal
Rams owner Stan Kroenke is set to acquire the Los Angeles Angels from Arte Moreno in a sale that surpasses the $3.9B Padres record.
Angels' Mozeliak Announces Promotions for Swanson, Lord and Scouting Restructure
Angels president John Mozeliak announced front office promotions for Swanson and Lord, plus a scouting department restructure, per Rhett Bollinger at MLB.com.
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