Rams owner Stan Kroenke has agreed to buy the Los Angeles Angels from Arte Moreno for a reported $4 billion. The deal sets a new record for a Major League Baseball franchise sale.

The Los Angeles Times reported the deal on Tuesday, Sept. 1, citing a person with knowledge of the transaction. The sale tops the $3.9 billion the San Diego Padres fetched in August. It is subject to MLB approval and is expected to close in the first quarter of 2027.

Forbes valued the Angels at $2.8 billion in March, meaning Kroenke is paying a roughly 43% premium.

The purchase gives Kroenke Sports & Entertainment teams in all four major North American professional leagues: the NFL's Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche and now the Angels. KSE also owns Arsenal in England's Premier League.

"The Angels are a storied franchise anchored in a great market," Kroenke said in a statement. "We look forward to an exciting future with the Angels organization."

Four KSE teams have won championships in the last five years: the Rams in 2022, the Avalanche in 2022, the Nuggets in 2023 and Arsenal in 2026, according to ESPN.

The deal ends Moreno's 23-year run as Angels owner. He bought the club from the Walt Disney Company in 2003 for roughly $183 million, on the heels of the franchise's only World Series title in 2002. His early years produced five American League West division titles between 2004 and 2009.

The winning stopped. The Angels have not won a playoff game since 2009 and have posted 11 consecutive losing seasons, the longest active drought in baseball, according to Yahoo Sports. They finished last in their division in 2024 and 2025 and are flirting with the worst record in baseball this season.

Fan frustration boiled over in 2026. Supporters joined the "tarps off" movement spreading through MLB, pulling off their shirts and chanting "sell the team" at Angel Stadium throughout the season.

Moreno fired general manager Perry Minasian in June and named John Mozeliak interim GM. Mozeliak traded roughly a third of the roster to restock a thin farm system. Moreno said in a statement that his family was honored to steward the Angels for 23 years and called KSE "the best next owner for the franchise."

The sale extends Kroenke's Southern California footprint into Orange County and its market of more than 3 million people. His companies built SoFi Stadium and the 300-acre Hollywood Park development in Inglewood, a complex set to host events during the 2028 Olympics. He is also developing Rams Village, a 52-acre mixed-use project in Woodland Hills anchored by the team's future headquarters, according to The Athletic.

The Angels deal arrives weeks after Bob Iger and Joshua Kushner agreed on Aug. 12 to buy the majority stake of the Lakers for a record $12.5 billion valuation. Together, the two transactions mark a rapid turnover of LA-area franchise ownership.

Anaheim officials welcomed the news. Mayor Ashleigh Aitken told The Athletic on Sept. 1 that she felt "like it's my birthday" and said she was "so optimistic about the future of Anaheim Angels baseball."

The city owns Angel Stadium and its surrounding parking lots, which were not part of the sale. Aitken said the city expects results of a structural assessment of the 60-year-old stadium by the end of 2026.

The team's current lease at Angel Stadium runs through 2032, with options to extend through 2038. Gov. Gavin Newsom signed the "Home Run for Anaheim Act" into law on Friday, Aug. 28. The bill, introduced by Assemblyman Avelino Valencia (D-Anaheim), ties a Surplus Land Act exemption for the stadium site to the use of the Anaheim Angels name in related development materials.

Kroenke's own announcement referred to the club as "the Los Angeles Angels of Anaheim," a name the team's current management dropped in 2015. The next step is an MLB owners' vote. No date for that vote has been announced.