10 most expensive pro sports franchise sales: Angels enter the mix

The price of a professional sports team reaches to the heavens.

With the announcement that Stan Kroenke is purchasing the Los Angeles Angels from Arte Moreno for $4 billion, there is a shake-up in the list of most expensive professional sports team sales.

The MLB team is the latest addition to Kroenke's Kroenke Sports & Entertainment empire. The Walmart heir also owns the NFL's Los Angeles Rams, NBA's Denver Nuggets, NHL's Colorado Avalanche, MLS' Colorado Rapids and Premier League's Arsenal.

The sale makes the Angels the most expensive franchise in MLB history. The San Diego Padres also switched ownership this year when Jose E. Feliciano Kwanza Jones purchased the club for $3.9 billion in April.

Another major transaction happened in July when San Francisco 49ers minority owner Vinod Khosla added to his NFL portfolio. He bought the Seattle Seahawks for $9.6 billion, making it the most expensive franchise in the league.

The title of most expensive sports franchise in North America still belongs to a different team in the City of Angels, the Los Angeles Lakers, who have been sold twice in two years. Last summer, the team was purchased by Mark Walter from the Buss family for $10 billion…

Original source: https://www.usatoday.com/sports/