Kroenke Sports and Entertainment has agreed to buy Major League Baseball’s Los Angeles Angels in a deal that values the team and its regional television network at $4 billion, completing what would be one of the largest transactions in American sports history. The Stan Kroenke Angels purchase, confirmed by Kroenke Sports and Entertainment (KSE) in an official release, would give the company ownership across every major professional sport in the United States.
Major League Baseball (MLB) (the governing body for professional baseball in the US) must still approve the transaction. According to MLB.com, the deal is expected to close in the first quarter of 2027, subject to customary closing conditions and that league approval.
What the Stan Kroenke Angels purchase means for KSE
KSE already owns the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, Major League Soccer’s Colorado Rapids, the National Lacrosse League’s Colorado Mammoth, and the Premier League’s Arsenal Football Club. Adding the Angels gives the company a foothold in baseball, the one major American professional sport it had not yet entered, and deepens its presence in the Los Angeles market.
KSE was valued at more than $26 billion in CNBC’s most recent list of the world’s most valuable sports empires, published in June. The Angels acquisition would add considerably to that portfolio, though the $4 billion figure covers both the franchise and its regional network, meaning the standalone team valuation sits within that combined price. For context, the Los Angeles Times reported that Forbes had valued the Angels at $2.8 billion in March, suggesting the regional network accounts for a substantial portion of the overall deal price.
Arte Moreno, who has owned the Angels for 23 years, said in a statement: ‘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.’ According to Variety, Moreno first initiated a sale process for the team back in 2022, meaning the search for a buyer has stretched over several years before landing with KSE.
Hollywood Park and the Los Angeles connection
KSE’s existing Los Angeles infrastructure makes it a natural fit for the Angels. The company owns SoFi Stadium and the surrounding 300-acre Hollywood Park district in Inglewood, California. Kroenke spent more than $5 billion on the stadium, which serves as the home ground for both the Rams and the Los Angeles Chargers.
That development has grown into something larger than a sporting venue. According to MLB.com, Hollywood Park has become the anchor of a new sports and entertainment corridor in Los Angeles County. The site is also set to host events at the 2028 Olympic and Paralympic Games, raising its profile well beyond the regular NFL season. Bringing the Angels into the KSE family gives the company a year-round presence across Los Angeles through baseball’s long season as well as football, reinforcing what KSE described in its release as ‘a deeper presence in one of the top sports and entertainment markets in the world.’
The Angels are based in Anaheim, which sits within the wider Los Angeles metropolitan area, and play at Angel Stadium. The team has one of the longer histories in the American League, though in recent seasons it has struggled on the field despite fielding high-profile talent.
For British readers familiar with KSE primarily through Arsenal, the scale of the wider company may come as a surprise. Arsenal is one asset within a portfolio that spans four major US sports leagues, two stadiums and now, pending approval, a fifth league in MLB. The Stan Kroenke Angels purchase, once it clears MLB review, would represent the final piece in a collection that now touches almost every corner of American professional sport.
MLB approval is the principal remaining hurdle, with the deal formally expected to close in the first quarter of 2027.
