Arte Moreno agrees to sell the Angels to Rams owner Stan Kroenke after 23 years

The Arte Moreno era in Anaheim is ending. On Tuesday, Sept. 1, 2026, Kroenke Sports & Entertainment announced it had agreed to buy a controlling interest in the Angels from Moreno, who has owned the team for 23 years.

The deal is expected to close in the first quarter of 2027, pending approval from Major League Baseball. Moreno will remain a minority owner, the Associated Press reported.

The deal

Financial terms were not officially disclosed. Several outlets reported a price of about $4 billion, which would top the $3.9 billion sale of the San Diego Padres and set an MLB record. Ballpark Digest noted the Angels deal also includes broadcast assets, so the comparison is not exact.

Those assets include the team's regional sports network, Angels Broadcast Television, according to The Athletic's Britt Ghiroli, as cited by theScore.

"The Angels are a storied franchise anchored in a great market," Stan Kroenke said in the announcement. Moreno said his family "has been honored to steward the Angels for 23 years" and called KSE "the best next owner for the franchise."

Who is Stan Kroenke

Kroenke already owns the Los Angeles Rams, Arsenal of the Premier League, the Denver Nuggets, the Colorado Avalanche and the Colorado Rapids, the Associated Press reported. His company built SoFi Stadium and the Hollywood Park campus in Inglewood.

There is an Anaheim tie, too: the Rams played at Angel Stadium from 1980 to 1994, according to the AP.

Why fans said 'finally'

Moreno bought the Angels from Disney in 2003 and became the majors' first Latino majority owner, the AP reported. He publicly explored a sale in 2022 but took the team off the market in early 2023.

On the field, the team was 53-85 when the sale was announced, the worst record in the American League. The Angels were headed for an 11th straight losing season and a 12th straight year without the playoffs, the longest active streaks in MLB, per the AP. Their last playoff win came in 2009.

Mike Trout called the sale "just a fresh start," the AP reported.

What it means for Angel Stadium

The city of Anaheim owns Angel Stadium and the land around it. Moreno's plan to buy the stadium and surrounding acreage collapsed in 2022 amid the FBI corruption investigation involving then-Mayor Harry Sidhu.

The Angels' lease runs through 2032 after the team exercised a three-year extension in February 2025. Two more three-year options could keep them there through 2038, MLB Trade Rumors reported.

Opened in 1966, Angel Stadium is the fourth-oldest ballpark in MLB. KSE told Front Office Sports that no final decisions have been made about the stadium's future. Anaheim Mayor Ashleigh Aitken said she was "encouraged by Stan Kroenke's track record with the Rams."

What’s next

The sale still needs approval from Major League Baseball. KSE and the team expect it to close in the first quarter of 2027.