MLB’s Los Angeles Angels to be sold to Rams, Arsenal owner Stan Kroenke

Kroenke Sports and Entertainment says it has reached a deal to purchase the Los Angeles Angels from Arte Moreno.

The company led by Stan Kroenke made the surprising announcement Tuesday, saying it expects to close the transaction in early 2027.

Kroenke’s company owns the NFL’s Los Angeles Rams, Arsenal of the English Premier League, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, Major League Soccer’s Colorado Rapids and SoFi Stadium, along with the large Hollywood Park campus around the multibillion-dollar Inglewood arena. The company has now added the Angels, whose turbulent 23-year tenure under Moreno’s ownership will finally come to an end.

“The Angels are a storied franchise anchored in a great market,” Kroenke said in a statement. “We look forward to an exciting future with the Angels organization.”

Moreno, an outdoor advertising magnate from Arizona, bought the Angels from the Walt Disney Company in 2003. While the club had steady success in its first years under Moreno with much of the roster that won the 2002 World Series, the Halos have entered a decline since winning their most recent playoff game in 2009.

The Angels are currently headed to their 11th consecutive losing season and their 12th consecutive non-playoff…

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