Stan Kroenke agrees to buy Los Angeles Angels
American billionaire Stan Kroenke, through his company, Kroenke Sports & Entertainment (KSE), is set to acquire a majority stake in the Los Angeles Angels from the Moreno family.
Major League Baseball (MLB) confirmed the development in a statement on Tuesday, saying KSE had entered an agreement to acquire the baseball club from the Moreno Family.
“Kroenke Sports & Entertainment (“KSE”) announced that it has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels Baseball Club from the Moreno Family,” the statement read.
However, the statement did not disclose the transaction amount but noted that the deal is expected to close in the first quarter of 2027 after it meets conditions set by the MLB.
Mr Kroenke also said he looks forward to the franchise’s future and its opportunities.
“The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organisation,” he said.
Arte Moreno described KSE as the “best next owner for the franchise,” citing the firm’s experience and achievements after more than 20 years of leadership.
Mr Moreno said, “The Angels organisation is pleased to announce this transaction with Kroenke Sports & Entertainment. The Moreno Family has been honoured to steward the Angels for 23 years, and we believe with KSE’s experience and success they are the best next owner for the franchise.
“The Angels organisation looks forward to continuing its commitment to the fans, our employees, the players and our business partners.”
The 79-year-old is set to add the baseball franchise to his huge sports portfolio, which includes EPL side Arsenal, the NFL’s Los Angeles Rams, the Denver Nuggets, the NHL’s Colorado Avalanche, MLS side Colorado Rapids and the Colorado Mammoth of the National Lacrosse League.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Tinubu felicitates Shettima at 60, calls him trusted ally
“Today, I warmly congratulate Vice President Kashim Shettima, my brother and partner in steering the ship of our state, on his 60th birthday,” he said.
Sport
Stan Kroenke agrees to buy Los Angeles Angels
Mr Kroenke, through his company Kroenke Sports & Entertainment (KSE), entered an agreement to acquire the Los Angeles Angels from the Moreno Family.
Health
Katsina health workers to begin seven-day warning strike September 8
The notice, addressed to the state head of service, followed the expiration of a 21-day ultimatum issued to the Katsina State government on August 11.
Africa
WHO restricts Ervebo vaccine use in Bundibugyo virus disease outbreak
WHO issued new emergency guidance on using the licensed Ervebo vaccine during Bundibugyo virus disease outbreaks.
![Ebonyi state governor, Francis Nwifuru [Photo: Twitter]](https://gazettengr.com/wp-content/uploads/Ebonyi-state-governor-Francis-Nwifuru-Photo-Twitter.png)
Politics
2027: Lose to opposition, get sacked, Gov. Nwifuru threatens Ebonyi LG chairmen
“Any chairman who fails to win his council will be removed from office and replaced with a councillor,” Mr Nwifuru said.
Education
Non-academic unions begin indefinite strike in Ondo state-owned universities
Affected institutions include Adekunle Ajasin University (AAUA), Olusegun Agagu University of Science and Technology (OAUSTECH), and the University of Medical Sciences (UNIMED).
