Stan Kroenke purchases the Los Angeles Angels for four billion dollars

Stan Kroenke has finalized a deal to purchase the Los Angeles Angels for a record $4 billion. The sale concludes the tenure of Arte Moreno, who originally acquired the franchise for $183 million in 2003. Mike Trout confirmed his intention to remain with the organization for the duration of his four-year contract, citing an interest in the fresh start promised by new ownership. Meanwhile, league developments include the Orioles claiming Luis Robert Jr. off waivers and the White Sox acquiring Tommy Pham and Jake Cave. Additionally, Diamondbacks second baseman Ketel Marte issued an apology to manager Torey Lovullo regarding his recent absence from the team. The transition of ownership marks a shift in the of Los Angeles professional sports.

• 12:00 PMYahoo Sports — MLB News Outside The Confines: The Angels are sold