Angels Owner Arte Moreno to Sell Team to Stan Kroenke for $4 Billion

Arte Moreno, the owner of the Los Angeles Angels, has announced the sale of the team to Stan Kroenke for a reported $4 billion, a record for Major League Baseball. This decision comes amid the Angels' 11th consecutive losing season and is expected to finalize in the first quarter of 2027, pending MLB approval.

Moreno, who purchased the Angels in 2003 for $183.5 million, will retain a minority stake in the team. Players like Mike Trout expressed optimism about the sale, noting the potential for a fresh start under Kroenke, who also owns the Los Angeles Rams and has a successful track record in sports.

The sale follows a tumultuous period for the Angels, marked by missed playoff opportunities and management changes. John Mozeliak has been appointed as interim general manager and is implementing significant changes to revitalize the franchise. The announcement of the sale aligns with ongoing efforts to reshape the team's future.