US billionaire Stan Kroenke agrees to buy Los Angeles Angels from Arte Moreno

[p]The financial terms of the deal have not been disclosed. Kroenke's purchase of a controlling interest is expected to close early next year, pending Major League Baseball's approval, said a club statement.[/p][p][b]"The [a href="https://www.flashscore.ca/team/los-angeles-angels/Mg9H0Flh/"]Angels[/a] are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization," [/b]said Kroenke, in the statement.[/p][embed guid="df39dfe3-48ca-404f-afc2-bc04b2c9544a" url="https://x.com/AdamSchefter/status/2094857246907736450?s=20" social-type="twitter" /][p]The Angels play in Anaheim, a city near Los Angeles, and were previously owned by the Walt Disney Company.[/p][p]Current owner Arte Moreno said the "Angels organization is pleased to announce this transaction with Kroenke Sports & Entertainment".[/p][p][b]"The Moreno Family has been honored 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,"[/b] he added.[/p][p]The Angels won their sole World Series title in 2002.[/p][p]Despite the presence of superstars [a href="https://www.flashscore.ca/player/trout-mike/nZEWC1Ws/"]Mike Trout[/a] and - until he moved to the [a href="https://www.flashscore.ca/team/los-angeles-dodgers/nwPDBpVc/"]Los Angeles Dodgers[/a] in 2023 - [a href="https://www.flashscore.ca/player/ohtani-shohei/QoeWGRko/"]Shohei Ohtani[/a], the Angeles have not even reached the playoffs since 2014.[/p][embed guid="f2e73e85-ed67-4ae3-a222-b0e930ade975" url="https://x.com/BillShaikin/status/2094856737019019370" social-type="twitter" /][p]Long overshadowed by the neighboring World Series champion Dodgers, the Angels are on course for their 11th straight losing season.[/p][p]Kroenke made his fortune in real estate, and is married to an heiress of the Walmart retail empire.[/p][p]Through his holding company US billionaire Kroenke also owns the Denver Nuggets NBA basketball team, the Colorado Avalanche NHL ice hockey franchise and the Colorado Rapids MLS soccer outfit.[/p]