Kroenke Sports & Entertainment (KSE) announced on 2026-09-01 a definitive agreement to acquire a majority stake in the Los Angeles Angels of Major League Baseball, bringing an end to the Moreno family's 23-year ownership of the franchise. ^[1] Stan Kroenke has acquired a controlling interest in the Los Angeles Angels through Kroenke Sports & Entertainment. ^[2] Stan Kroenke agreed to purchase the Los Angeles Angels for a record $4 billion, surpassing the previous MLB sale record of $3.9 billion. ^[3] Forbes valued the Los Angeles Angels at approximately $2.8 billion, while the official sale price was not disclosed at the time of the announcement. ^[4] The deal to transfer ownership of the Los Angeles Angels is subject to approval by Major League Baseball owners, with the formal transfer of control expected to be completed in early 2027. ^[5] The Los Angeles Angels, who have not reached the postseason since 2014 and count Mike Trout among their stars, faced heavy criticism from fans during Moreno's ownership due to a prolonged trophy drought. ^[6] According to Forbes, Stan Kroenke currently has an estimated net worth of $24.3 billion. ^[7] Stan Kroenke already owns the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, MLS side Colorado Rapids, and Premier League club Arsenal. ^[8] The transaction is expected to close in the first quarter of 2027, pending approval from Major League Baseball. ^[9] Arte Moreno, aged 80, has owned the Angels since 2003 when he purchased the team from the Walt Disney Company for $180 million. ^[10] Arte Moreno, a 80-year-old outdoor advertising magnate from Arizona, purchased the Angels from Walt Disney in 2003. ^[11] Under Moreno's ownership, the Angels have entered their 12th consecutive campaign without playoffs and are heading into their 11th consecutive season with a losing record. ^[12]