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Another California Sports Team Sold As Stan Kroenke Cuts Deal to Buy Los Angeles Angels
Kroenke, who already owns the L.A. Rams, alongside the NBA's Denver Nuggets, the NHL's Colorado Avalanche, the Colorado Rapids of MLS and Premier League's Arsenal, is buying the team from Arte Moreno.
Story Brief
Another southern California sports team is being sold, with the Los Angeles Angels set to sell a majority stake to real estate and sports mogul Stan Kroenke, the team said Tuesday. Kroenke will buy the Angeles from Arte Moreno in a deal valued at more than $3.9 billion, per ESPN, a price consistent with the sale of the San Diego Padres earlier this year. Moreno, of course, purchased the Angeles from The Walt Disney Co. in 2003 for less than $200 million.
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