Kroenke’s Angels Buyout Signals a Fresh Era and Big Money
Stan Kroenke agreed to buy a majority stake in the Los Angeles Angels from Arte Moreno for $4 billion, a record MLB team valuation, with Moreno retaining a small stake; the deal is pending MLB approval and isn’t expected to close until next year, having been reached through face-to-face talks rather than a formal bidding process, and it has energized players and staff with a promise of a fresh start and potential franchise and stadium changes.
