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Kroenke Agrees to Buy Angels, Deal Set for 2027

9/1/2026

25 5 Full Breakdown

Summary

Kroenke Buys Angels

Stan Kroenke, Los Angeles Rams owner, agreed to buy the Los Angeles Angels through Kroenke Sports & Entertainment.
The transaction is expected to close in the first quarter of 2027, subject to MLB approval.
The sale ends Arte Moreno’s 23-year ownership that began after the 2002 World Series win.
Adding MLB expands KSE’s portfolio to six leagues on two continents and adds NFL NBA NHL MLS Arsenal teams.

Summary

Angels Owner Incentives

Anaheim city council approved a law offering development incentives to the prospective Angels owner.
Assemblyman Avelino Valencia said the incentives could lower costs for a future ballpark project.
State Senator Tom Umberg called the sale a great day for Angels fans and Anaheim.
Angel Stadium’s lease expires in six years, prompting talks of a new venue.

History

Historical Context

In 1995, Colorado voters approved the Metropolitan Major League Baseball Stadium District, letting Governor Roy Romer, Denver mayor Wellington Webb and the Colorado Sports Authority fund 30% of the $150 million cost to build Coors Field. The deal built on Colorado’s long-standing use of special districts—over 4,000 statewide—to finance public projects, a model that later influenced stadium subsidies such as the 2027 Los Angeles Angels purchase.

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Kroenke Buys Angels

Stan Kroenke, Los Angeles Rams owner, agreed to buy the Los Angeles Angels through Kroenke Sports & Entertainment.
The transaction is expected to close in the first quarter of 2027, subject to MLB approval.
The sale ends Arte Moreno’s 23-year ownership that began after the 2002 World Series win.
Adding MLB expands KSE’s portfolio to six leagues on two continents and adds NFL NBA NHL MLS Arsenal teams.

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