The transaction is currently slated to finalize in the first quarter of 2027, subject to the standard approval processes required by Major League Baseball. While the acquisition represents a significant shift in the ownership landscape of the league, the financial terms of the agreement have not been publicly disclosed.
A Growing Global Sports Portfolio
The addition of the Los Angeles Angels further cements Kroenke’s status as a major figure in international sports ownership. His existing portfolio includes the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, the MLS side Colorado Rapids, and the English Premier League club Arsenal. Following the announcement, Kroenke issued a brief statement describing the Angels as a storied franchise situated in a significant market, noting that his organization looks forward to the future of the team.
Beyond his involvement in professional sports, Kroenke maintains a vast business empire. According to Forbes, his estimated net worth stands at $24.3 billion, placing him among the wealthiest sports team owners globally. His business interests are heavily rooted in real estate, with a portfolio encompassing approximately 60 million square feet of property, much of which is situated near Walmart retail locations. Additionally, he is recognized as one of the largest private landowners in North America, with holdings estimated at 2.7 million acres of ranch land across the United States and Canada. His family ties further connect him to the retail sector through his wife, Ann Walton Kroenke, an heir to the Walmart fortune.
