Aaron Ontiveroz | Denver Post | Getty Images
The transaction is expected to close in the first quarter of 2027. Terms of the transaction were not disclosed.
“The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization,” Kroenke, owner and chairman of Kroenke Sports and Entertainment, said in the release.
Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC’s most recent list of the world’s most valuable sports empire, published in June.
The addition of a baseball team gives KSE ownership in nearly every major professional sport and a deeper presence in one of the top sports and entertainment markets in the world.
KSE also owns the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche, as well as Major League Soccer’s Colorado Rapids, the National Lacrosse League’s Colorado Mammoth and the Premier League’s Arsenal Football Club.
KSE also owns SoFi Stadium and the 300-acre Hollywood Park district in Inglewood, California. Kroenke spent more than $5 billion on the stadium, which is home to both the Rams and Chargers.
“The Moreno Family has been honored to steward the Angels for 23 years and we believe with KSE’s experience and success they are the best next owner for the franchise,” Arte Moreno said in a statement.
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