Stan Kroenke to Buy Angels for Reported MLB-Record Price, Rams Owner Now Controls 6 Pro Teams

Headed toward their 12th consecutive season without a playoff appearance, Arte Moreno's tenure as owner of the Los Angeles Angels is coming to an end.

Stan Kroenke, whose sports portfolio includes the NFL's Los Angeles Rams and NBA's Denver Nuggets, has entered into an agreement to purchase the Angels from Moreno through his Kroenke Sports & Entertainment company.

Although the sale price has not been announced, it is expected to be a new MLB record that tops the $3.9 billion sale of the San Diego Padres, Bill Shaikin of the Los Angeles Times reports.

This deal comes almost exactly four years to the day that Moreno announced he was exploring a sale of the Angels before later ending that process to stay in control of the franchise.

In addition to the Rams and Nuggets, Kroenke's sports empire includes the Arsenal men's and women's teams, Colorado Avalanche, Colorado Rapids and Colorado Mammoth.

Kroenke's teams have combined to win nine championships, including two Super Bowls for the Rams, two Stanley Cup titles for the Avalanche, an NBA title for the Nuggets and the 2026 Premier League title for Arsenal.

When the sale becomes official, it will mark the end of Moreno's tumultuous tenure with the Angels. He originally purchased the franchise in May 2003 for $182.5 million from the Walt Disney Corporation.

Still boasting some of the key players from their 2002 World Series championship team, Moreno quickly made his presence felt by aggressively adding more talent to the mix.

Vladimir Guerrero and Bartolo Colón signed with the Angels as free agents after the 2003 season. Guerrero won AL MVP in his first year with the club. Colón won the AL Cy Young award in 2005.

The Angels made the playoffs five times in six years from 2004 to '09, reaching in the ALCS twice.

Since 2010, though, the Angels have made the playoffs once. They were swept in the ALDS by the Kansas City Royals in 2014. They currently own the second-longest active playoff drought among teams in the four major men's professional leagues, ahead of only the New York Jets.

The postseason drought overlaps with the most of Mike Trout's tenure (2011 to present) and the entirety of Shohei Ohtani's six-year run with the Angels (2018 to '23).

The Angels (53-85) are tied with the Athletics for last place in the AL West and the second-worst record in MLB overall. Their .384 winning percentage is on pace to be the worst in a single season in franchise history.