| Kroenke Sports & Entertainment to Acquire the Los Angeles Angels of Anaheim |
| Transaction pairs one of the original West Coast franchises with KSE’s global portfolio of teams, venues, media platforms and mixed-use districts |
| Kroenke Sports & Entertainment (“KSE”) today 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 transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and approval by Major League Baseball The transaction meaningfully deepens KSE’s presence in one of the largest sports and entertainment markets in the United States. Kroenke-affiliated entities own the Los Angeles Rams and developed SoFi Stadium and the surrounding 300-acre Hollywood Park district in Inglewood. That project has become the anchor of a new sports and entertainment corridor in Los Angeles County, and will host Olympic and Paralympic events in 2028. The Angels acquisition extends this footprint south into a market of more than three million residents with its own distinct civic identity, corporate base and tourism economy. The addition of the Angels to the KSE portfolio creates the opportunity for a year-round Southern California calendar of events. “The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization.” – E. STANLEY KROENKE, Owner & Chairman, KSE “The Angels Organization is pleased to announce this transaction with Kroenke Sports & Entertainment. 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. The Angels Organization looks forward to continuing its commitment to the fans, our employees, the players and our business partners.” – ARTE MORENO, Angels Baseball LP. |
