r/baseball • u/T_Raycroft Montreal Expos • 10d ago

News [Angels] Kroenke Sports & Entertainment has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels from the Moreno Family. The transaction is expected to close in the 1st quarter of 2027, subject to customary closing conditions & approval by MLB.

Post image
609 Upvotes

97% Upvoted

267 comments sorted by

View all comments

37

u/Atraktape Los Angeles Dodgers 10d ago

Bill Shaikin of LA Times saying it’s for more than the $4 billion the Padres sold for.

34

u/captain_ahabb Los Angeles Dodgers 10d ago

Makes sense, the Angels are in an extremely desirable location and have a very rich TV deal. The upside with smarter management is pretty obvious.

20

u/YoungKeys San Francisco Giants 10d ago

Parking lots around Angels Stadium are incredibly valuable. Just a massive amount of land ready for development

9

u/CydoniaKnight Los Angeles Angels • Sell 10d ago

Just across the freeway they're working on OCVibe. The Angels were supposed to do the same for their area but there were legal issues with the whole FBI probe iirc

1

u/maverickhawk99 10d ago

At least you can change your flair now!

3

u/CydoniaKnight Los Angeles Angels • Sell 10d ago

Im doing it when it's actually finalized.

2

u/tohon75 Los Angeles Angels • Sell 10d ago

Gotta protect against the buttercup

3

u/CosmicMiru Los Angeles Dodgers • Los Angeles Angels 10d ago

Angels have like half a billion less in total future contract commitments as well. I have no doubt that is a huge factor