Stan Kroenke has agreed to buy MLB's Los Angeles Angels, with the transaction valuing the team and its regional network at $4 billion, according to CNBC.
Key facts
- Stan Kroenke has agreed to buy MLB's Los Angeles Angels.
- The deal values the team and its regional network at $4 billion.
- Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires.
- The report was published by CNBC on September 1, 2026.
Stan Kroenke has agreed to purchase Major League Baseball’s Los Angeles Angels in a deal that values the team and its regional network at $4 billion, according to CNBC.
The agreement would add another major North American franchise to Kroenke’s expanding portfolio of sports assets. His holding company, Kroenke Sports and Entertainment, was valued at more than $26 billion in CNBC’s most recent list of the world’s most valuable sports empires.
The $4 billion figure reported by CNBC covers both the baseball club and its associated regional network, reflecting the growing value that media and broadcast operations add to team valuations.
CNBC reported the agreement on September 1, 2026. Further details of the transaction, including any regulatory or league approvals that may be required, were not specified in the available reporting.
The move underscores the continued concentration of high-value sports properties among a small group of major owners, with Kroenke among the most prominent figures in global sports ownership.
Why it matters
The sale reflects the soaring valuations of major sports franchises and the increasing importance of regional networks in those deals. For fans and the broader sports business, ownership by one of the world's largest sports empires signals significant financial backing and potential changes ahead for the Angels.
Frequently asked questions
How much is the Angels deal worth?
According to CNBC, the deal values the Los Angeles Angels and their regional network at $4 billion.
Who is buying the Angels?
Stan Kroenke has agreed to buy the team, adding it to the portfolio of Kroenke Sports and Entertainment.
How large is Kroenke's sports empire?
Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires.