Kroenke Agrees to Buy Los Angeles Angels

Kroenke Sports and Entertainment, which also owns the Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal, expects the transaction to close in the first quarter of 2027, pending MLB approval. Financial terms were not disclosed, though the sale was reportedly valued at more than the $3.9 billion paid for the Padres. ipl-cricket.in

Arte Moreno, who owned the Angels for 23 years and was MLB's first Latino owner, expressed confidence in Kroenke's ability to continue the franchise's success. Kroenke, whose company developed SoFi Stadium and Hollywood Park in Inglewood, called the Angels 'a storied franchise anchored in a great market.'