MLB's Los Angeles Angels to be sold to Rams and Arsenal owner Stan Kroenke

Kroenke Sports and Entertainment has reached a deal to purchase controlling ownership of the Los Angeles Angels from Arte Moreno, expanding its sprawling empire of teams across every major U.S. professional sport with the addition of the beleaguered baseball club.

The company led by Stan Kroenke made the surprising announcement Tuesday, saying it expects to close the transaction in early 2027. Major League Baseball, which must approve any sale, didn't immediately comment on the news.

Kroenke's company owns the NFL's Los Angeles Rams, Premier League champion Arsenal, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, Major League Soccer's Colorado Rapids and SoFi Stadium, along with the large Hollywood Park campus around the multibillion-dollar Inglewood arena. The conglomerate has now moved into baseball with the Angels, whose turbulent 23-year tenure under Moreno's ownership will finally come to an end.

"The Angels are a storied franchise anchored in a great market," Kroenke said in a statement. "We look forward to an exciting future with the Angels organization."

Moreno, an outdoor advertising magnate from Arizona, bought the Angels from the Walt Disney Company in 2003. While the club had steady success in its first years under Moreno with much of the roster that won the 2002 World Series, winning five AL West titles in six seasons during the 2000s, the Halos have entered a period of decline since their most recent playoff victory in 2009.

At 53-85, the AL-worst Angels are currently headed to their 11th consecutive losing season and their 12th consecutive non-playoff season, both the longest active streaks in the majors.

Incredibly, they've made the playoffs just once during the 16-year career of three-time AL MVP