Stan Kroenke Buys Angels for $4 Billion, Eyeing Hundreds of Orange County Acres
Updated
Updated · Huddle Up | Joe Pompliano · Sep 2
Stan Kroenke Buys Angels for $4 Billion, Eyeing Hundreds of Orange County Acres
3 articles · Updated · Huddle Up | Joe Pompliano · Sep 2
Summary
$4 billion gave Stan Kroenke control of the Los Angeles Angels in an MLB-record sale, with the latest focus shifting from the team itself to the land tied to it.
Hundreds of Orange County acres may be the real prize, as the deal is seen as a play on a weak stadium lease that could let Kroenke buy surrounding property cheaply.
Kroenke brings a sports empire worth more than $25 billion and a track record of titles across the NFL, NBA, NHL, NLL and English soccer since 2022.
The sale ends Arte Moreno's 24-year run, which left the Angels in a 12-year playoff drought and locked in a contentious relationship with Anaheim over the stadium.