Stan Kroenke's existing stakes in a half-dozen sports teams are worth around $22 billion net of debt, according to Forbes estimates. Now ... Show more
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The man who has earned the nickname “Silent Stan” may not ever crow about it, but when his MLB purchase closes, Stan Kroenke will be unmatched among sports ... Show more
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Key FactsKroenke agrees to acquire Angels, with closing expected in 2027
Sep 1, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: latimes.com
Summary created with AI assistance · Source: latimes.com
- Completion is expected in the first quarter of 2027 after regulatory review and Major League Baseball approval.
- Forbes valued the Angels at $2.8 billion in March; the purchase price was not disclosed.
- Kroenke Sports and Entertainment also owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Arsenal.
- Moreno led the Angels for 23 years; in 2026, they are again in last place as the playoff drought reaches 11 seasons.
"If I’m going to stay," Moreno said he told his wife, "I have to make a decision that we have to do better. We’re just not doing well enough."— Arte Moreno said this to his wife about considering staying and the need to improve the team's performance.
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