Los Angeles Rams owner Stan Kroenke has reached a definitive agreement to purchase the Los Angeles Angels from Arte Moreno, ending a turbulent 23-year tenure marked by an extensive playoff drought. The transaction, announced on Tuesday, is slated to close in early 2027 pending Major League Baseball approval.
Stan Kroenke Adds Major League Baseball to an Enormous Sports Empire
The acquisition brings a Major League Baseball franchise under the umbrella of Kroenke Sports & Entertainment for the first time. Kroenke, the 79-year-old billionaire real estate mogul and the largest private landowner in the U.S., already controls an extensive portfolio of professional sports teams across multiple leagues, according to reporting by MLB Trade Rumors.
His holdings include 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 Premier League club Arsenal FC, as detailed by MLB.com.
Financial terms of the Angels acquisition were not immediately disclosed in official announcements.
Arte Moreno Concludes 23 Years of Stewardship in Anaheim
For Arte Moreno, the agreement marks the definitive conclusion of a baseball ownership journey that began in 2003 when he purchased the franchise from the Walt Disney Company. Moreno initially enjoyed early success as the team captured six division titles between 2004 and 2014.
Yet the latter half of his tenure encountered severe on-field struggles and deepening frustration from the fanbase. As The Associated Press reported, the club enters the final stretch of its 11th consecutive losing season and has not reached the postseason since 2014.
“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. The Angels Organization looks forward to continuing its commitment to the fans, our employees, the players and our business partners.”
Arte Moreno, outgoing Angels owner
Fan dissatisfaction intensified significantly in recent seasons.
Transition Timeline and Front Office Uncertainty Leading to 2027
The purchase agreement is expected to clear league ownership review and officially close in the first quarter of 2027. The transition follows a turbulent year for the Angels’ front office, which included the retirement of longtime club president John Carpino—replaced by Molly Jolly—and the June dismissal of general manager Perry Minasian.
Former St. Louis Cardinals general manager John Mozeliak stepped in as interim general manager to oversee the draft and a trade deadline that sent seven players elsewhere. Mozeliak’s contract runs through December, leaving him tasked with helping identify permanent leadership while his own future with the club remains undecided.
Beyond executive decisions, the incoming ownership group faces immediate infrastructure questions. Angel Stadium in Anaheim has faced ongoing scrutiny regarding its aging facilities, making the pursuit of a modern ballpark a probable priority for Kroenke Sports & Entertainment.
“The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization.”
Stan Kroenke, owner of Kroenke Sports & Entertainment
Whether the franchise will remain anchored in Anaheim or consider altering its geographic identifier remains unaddressed by the new ownership group, leaving local supporters to watch how the Inglewood and Southern California developer reshapes the organization ahead of the 2027 closing date.
Keep reading
