Stan Kroenke Purchases Los Angeles Angels Shares
Los Angeles Rams owner Stan Kroenke has acquired shares in the Los Angeles Angels through Kroenke Sports and Entertainment.
Los Angeles Rams owner Stan Kroenke has added a baseball team to his professional sports portfolio by purchasing shares of the Los Angeles Angels from Arte Moreno.
Acquisition Process
Los Angeles Rams owner Stan Kroenke has acquired a majority stake in the Los Angeles Angels through his holding company, Kroenke Sports and Entertainment. The deal is scheduled to be finalized in the first quarter of 2027, pending baseball league approval.
Expanding Sports Portfolio
Kroenke Sports and Entertainment owns prominent teams such as the Denver Nuggets, Colorado Avalanche, Colorado Rapids, Colorado Mammoth, and Arsenal.
Fan and Analyst Reactions
Stan Kroenke's purchase of the Angels team has been met with mixed reactions in the worlds of football and baseball. While some fans and analysts are following this development with concern, others have welcomed it with excitement.
Current Status of the Angels
Experiencing a long playoff drought during Arte Moreno's ownership, the Los Angeles Angels have reached the postseason only once since 2010.
Kroenke's Track Record of Success
Teams under Kroenke's influence have won multiple championships across North America's five major sports and achieved various international successes.