Stan Kroenke has agreed to buy the Los Angeles Angels, according to the Los Angeles Times, in a transaction that would end Arte Moreno’s 23-year ownership of the Major League Baseball club and give Kroenke Sports and Entertainment its first MLB franchise.

The deal was described as part of Kroenke’s larger sports and entertainment portfolio, which already includes the Los Angeles Rams, the Denver Nuggets, the Colorado Avalanche, the Colorado Rapids and Arsenal. The purchase price was not announced. The Times reported that a person familiar with the agreement said it was a record transaction for an MLB team and exceeded the $3.9 billion sale of the San Diego Padres, while Forbes valued the Angels at $2.8 billion in March.

The transaction is not yet final. It still requires regulatory review and approval from Major League Baseball, and the expectation is that the sale will close in the first quarter of 2027. That timetable means Moreno remains the controlling owner until the deal clears the remaining hurdles.

The reported sale marks a major shift for one of baseball’s most watched franchises. Moreno bought the Angels after the club’s 2002 World Series title and presided over an early period of success that included five American League West titles and two AL Championship Series appearances between 2004 and 2009. But the team’s results deteriorated in later years. Despite featuring generational talents including Shohei Ohtani and Mike Trout, the Angels did not win a playoff game during Moreno’s later tenure and endured a long stretch of losing seasons.

According to the Times, Moreno first publicly said in August 2022 that he would explore a sale, only to reverse course five months later. His eventual exit would follow another difficult period for the club, which finished last in 2024 and 2025 and was again in last place in 2026 at the time of the report. Fan frustration had become increasingly visible, with calls for Moreno to sell the team echoing around the ballpark for months.

Kroenke’s move would expand his Southern California footprint beyond football. The Rams owner’s companies built SoFi Stadium and the surrounding Hollywood Park development in Inglewood, and the Angels deal would extend that presence into Orange County, giving KSE a year-round stake in the region’s sports calendar. The Times also noted that Kroenke had previously been a backup bidder when the Dodgers were sold more than a decade ago.

In statements quoted by the newspaper, Kroenke said the Angels are a “storied franchise anchored in a great market,” while Moreno said the Moreno family had been honored to steward the club for 23 years and believed KSE would be the best next owner.

If the deal survives review and is completed in 2027, it will close a turbulent chapter for the Angels and open a new era under one of the most expansive ownership groups in North American sports.