Boras Reflects on Moreno's Tenure, Praises Kroenke as Ideal Owner
Agent Scott Boras commented on Arte Moreno's sale of the Angels to Kroenke Sports & Entertainment, noting Moreno enjoyed the game but struggled with its complexities. Boras highlighted Moreno's financial success, buying the team for $800 million and seeing it grow to $6-7 billion. He praised Kroenke's championship pedigree in other sports and hands-off management style.
Moreno's 33-year ownership tenure included the 2002 World Series title but was marked by a prolonged playoff drought in recent seasons. The sale agreement with Kroenke Sports & Entertainment values the franchise at roughly $6-7 billion, a dramatic appreciation from the $800 million purchase price. Boras's dealings with Moreno included the failed pursuit of Gerrit Cole, who chose the Yankees, followed by the Rendon contract that produced just 3.8 WAR across five injury-marred seasons.
Kroenke's portfolio spans five professional franchises, with championship success across the NFL, NBA, NHL, and Premier League within the last five years. His ownership model, as described by Boras, emphasizes delegating baseball operations to appointed staff rather than direct involvement in day-to-day decisions. The Angels' new ownership group inherits a roster that has not reached the postseason since 2014, with Rendon's contract expiring after the 2026 season.
This ownership transition could reshape how the Angels approach player development and front-office investment, potentially influencing competitive balance in the American League West. Fans may see changes in spending priorities, with Kroenke's track record suggesting a more systematic, analytics-driven operation. The sale also signals continued consolidation of major sports franchises under multi-team ownership groups, which could affect how smaller-market teams compete for talent and resources in the coming years.