Kroenke Agrees to Record-Setting Purchase of Los Angeles Angels

Stan Kroenke's company has agreed to buy the Angels from Arte Moreno, with a price expected to exceed the Padres' $3.9 billion sale. Kroenke already owns the Rams, Nuggets, Avalanche, Arsenal, and other teams. Moreno's tenure ends after 12 straight seasons without a playoff appearance.

Kroenke's acquisition would add a third Southern California property to his portfolio alongside the Rams, with the reported price representing a massive return on Moreno's initial $182.5 million investment in 2003. Moreno's early ownership saw aggressive free-agent additions like Vladimir Guerrero and Bartolo Colón, fueling five playoff appearances in six seasons from 2004 through 2009.

The franchise's fortunes reversed sharply after that stretch, with only a single postseason berth since—a 2014 ALDS sweep by Kansas City. That drought spans nearly all of Mike Trout's career and Shohei Ohtani's entire six-year Angels tenure. The current club, sitting at 53-85, is on pace for the worst single-season winning percentage in franchise history, tied for last in the AL West.