Kroenke to buy baseball's Los Angeles Angels: statement / Photo: Melina Pizano - GETTY IMAGES NORTH AMERICA/AFP/File
-
US defends Trump's Venezuela oil deal
-
Ndiaye seizes 'chance of a lifetime' in Man City move
-
OpenAI to launch new model with 'stronger safeguards' after hack
-
Global bond sell-off, surging oil prices send markets into the red
-
Fans mourn 'bittersweet' final Ariana Grande gig in London
-
Zuckerberg, Musk make plea at G20 for more AI data centers
-
Norway's King Haakon VIII swears allegiance to constitution
-
'Discomfort' at G20 finance talks as US hosts Russian minister
-
Syria site infrastructure 'consistent with nuclear reactor': IAEA
-
Man City set to sign Fernandez for record fee, Ndiaye on deadline day
-
Juventus sign Woltemade, Sarr on loan from Premier League
-
Back-to-school in Cuba a grim day with shortages of everything
-
US strikes Iran in latest tit-for-tat attacks
-
Canadian minister says Russia's G20 presence sparked 'discomfort'
-
China's Xi arrives in Egypt as US sanctions threat looms over Iran links
-
IMF reaches agreement with Senegal on new $2.2 bn loan programme
-
Car bomb at Colombian police station kills one, injures 11
-
Germany blames Russia for airport drone incident, hits back with sanctions
-
Rain delays start of play on US Open
-
Iran president urges return to truce, hails Russian support
-
Man City agree blockbuster deal to sign Chelsea star Fernandez: reports
-
Aster and World Liberty Financial Launch USD1 RWA Boost: Phase 1, Offering 125M $WLFI + 6.25M USD1 in Rewards
-
Alkemya Metacore Secures $50M via Tokenised Equity to Scale Nickel Energy and Security Tech
-
Tronchon sprints to Vuelta stage 10 win, Mas keeps red jersey
-
Man City chase Fernandez, Arsenal sell Jesus on deadline day
-
Germany defender Rudiger announces international retirement
-
EU says Russian 'hybrid attacks' won't halt aid to Ukraine
-
Musk defends AI data centers, slams EU rules at G20
-
Explosives used in sabotage attack on German power lines
-
Activists blame Kenya for Ugandan opposition figure's plight
-
Nepali families hold symbolic funerals for missing after floods
-
Iran president offers US olive branch, hails Russian support
-
Newcastle sign Lille forward Fernandez-Pardo
-
TrustFinance Community Choice Awards 2026 Opens Global Voting
-
Even at Elysee, phones are handed in, Macron tells French pupils
-
Nepal disaster a climate 'warning signal': foreign minister
-
Chelsea agree to sign Atalanta's Ahanor, with Palace loan for this season
-
France winger Diaby returns to Leverkusen until 2031
-
Chelsea sign Atalanta's Ahanor and loan him to Palace
-
Barcelona confirm Jesus arrival from Arsenal
-
UK chalks up hottest summer on record for second year running
-
EU official says it's not time to 'normalize' Russia at G20 finance talks
-
China's Xi visits Egypt as US sanctions threat looms over Iran links
-
RedHill Announces Transformational Acquisition of Commercialization Rights to Ferring’s Rebyota® and Clenpiq®
-
RISE Robotics Awarded $100,000 MassVentures Grant to Accelerate Commercialization of Beltdraulic Technology
-
TrendEadvisor Launches Global Multi-Asset Platform Combining Online Investing with Social Trading
-
Global bond sell-off deepens on inflation concerns
-
India's top court drops criminal cases against protesters
-
Germany's far-right AfD promises 'boom' but economists fear worst
-
Philippine couple married in hip-deep floodwaters
Kroenke to buy baseball's Los Angeles Angels: statement
US billionaire Stan Kroenke on Tuesday agreed terms to buy the Los Angeles Angels baseball team, adding to his sports franchise empire that already includes the NFL's Los Angeles Rams and the English Premier League's Arsenal.
The financial terms of the deal have not been disclosed, though multiple US outlets reported a Major League Baseball-record $4 billion valuation.
Kroenke's purchase of a controlling interest is expected to close early next year, pending league approval, said a club statement.
"The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization," said Kroenke, in the statement.
The Angels play in Anaheim, a city near Los Angeles, and were previously owned by the Walt Disney Company.
Current owner Arte Moreno said the "Angels organization is pleased to announce this transaction with Kroenke Sports & Entertainment".
"The Moreno Family has been honored to steward the Angels for 23 years and we believe with KSE's experience and success they are the best next owner for the franchise," he added.
The Angels won their sole World Series title in 2002.
Despite the presence of superstars Mike Trout and -- until he moved to the Los Angeles Dodgers in 2023 -- Shohei Ohtani, the Angels have not even reached the playoffs since 2014.
Long overshadowed by the neighboring World Series champion Dodgers, the Angels are on course for their 11th straight losing season.
Kroenke made his fortune in real estate, and is married to an heiress of the Walmart retail empire.
Through his holding company US billionaire Kroenke also owns the Denver Nuggets NBA basketball team, the Colorado Avalanche NHL ice hockey franchise and the Colorado Rapids MLS soccer outfit.
The previous highest MLB sale price was the $3.9 billion shelled out for the San Diego Padres earlier this year by Jose E. Feliciano, co-owner of Premier League club Chelsea, and his wife, Kwanza Jones.
A.Seabra--PC