Stan Kroenke purchases the Angels and Angels Broadcast Television

Stan Kroenke reached a $4 billion agreement to buy the Angels and Angels Broadcast Television from Arte Moreno. The deal, which sets a record for an MLB team control transfer, is scheduled to close in early 2027. While no definitive plan for a new ballpark has been established, the transaction has spurred discussion regarding the future of Angel Stadium. The facility, which opened in 1966, currently faces aging infrastructure concerns and ranks low in fan and player satisfaction. Anaheim Mayor Ashleigh Aitken expressed support for the potential development of the site. A new state law, the Home Run for Anaheim Act, offers a potential path to waive certain affordable housing mandates for the stadium property if the team returns to using its original geographic name. Kroenke Sports & Entertainment confirmed that no final decisions regarding the stadium have been made at this time.

• 4:24 PMYahoo Sports — Stan Kroenke’s $4 Billion Angels Deal Puts a New Ballpark in Play