Stan Kroenke's $4 billion deal ends Arte Moreno's 23-year Angels reign

Arte Moreno agreed to sell the Los Angeles Angels to Stan Kroenke’s Kroenke Sports & Entertainment for about $4 billion, a MLB record price. The sale, expected to close in early 2027 subject to MLB approval, ends Moreno’s 23-year tenure that began after Disney ownership. The Angels have endured 11 straight losing seasons and have not made the playoffs since 2014. Kroenke is seen as a proven winner who could transform the franchise, though fans and analysts note the team’s struggles despite stars like Mike Trout and Shohei Ohtani. The timing coincides with looming MLB labor talks and payroll-cap debates that observers say could affect competitive balance. Projections suggest an improved trajectory could emerge by 2027 or 2028 as Kroenke’s ownership expands its multi-sport portfolio.