Stan Kroenke Reaches Deal to Acquire MLB's Los Angeles Angels
2 sources across 2 countries · Japan · South Korea
Who reported this
- The Japan Times
- The Korea Herald
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- Centre
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Stan Kroenke and his company, Kroenke Sports and Entertainment, have reached a deal to purchase controlling ownership of the Los Angeles Angels from Arte Moreno. The transaction, which is expected to close in early 2027, is reported to be valued at $4 billion, a record for a Major League Baseball team. The deal includes the team's regional television network and radio station, while Moreno will remain a minority owner of the club.
Kroenke already owns a diverse portfolio of professional sports teams, including the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, the MLS's Colorado Rapids, and the Premier League's Arsenal. With the addition of the Angels, Kroenke now owns teams across every major US professional sport.
The Angels have struggled significantly under Moreno's 23 year tenure. The team is currently the worst in the American League with a 53-85 record and is facing its 11th consecutive losing season. Mike Trout, the three time AL MVP, described the news as a fresh start and expressed excitement regarding Kroenke's track record of success with other franchises.
Major League Baseball must approve the sale before it is finalized. Kroenke stated that the Angels are a storied franchise in a great market and that he looks forward to the future of the organization.
How each side framed it
- Centre
- The reporting focused on the factual acquisition and the list of Kroenke's existing sports assets.
- Centre-right
- The reporting emphasized the contrast between the Angels' decline under Moreno and the championship success of Kroenke's other teams.
Sources
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