Stan Kroenke, whose sports empire was recently valued at more than $26 billion, has purchased a controlling stake in Major League Baseball's Los Angeles Angels.
Key facts
- Stan Kroenke has bought a controlling stake in the Los Angeles Angels of Major League Baseball.
- 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 acquisition was reported on September 1, 2026, by CNBC.
Stan Kroenke has acquired a controlling stake in Major League Baseball’s Los Angeles Angels, according to CNBC. The move adds one of baseball’s marquee franchises to the sports mogul’s already sprawling portfolio.
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, underscoring the scale of the operation now taking on the Angels.
The report, published by CNBC on September 1, 2026, confirmed that Kroenke has taken a controlling position in the club, though further financial terms were not detailed in the available information.
The addition of a Major League Baseball team broadens the reach of Kroenke’s holdings, which have grown into one of the most valuable collections of sports assets in the world.
For the Angels, coming under the control of an owner backed by a $26 billion sports enterprise marks a significant shift in the franchise’s ownership structure.
Why it matters
Ownership of major sports franchises increasingly concentrates in the hands of a small number of billion-dollar enterprises, and Kroenke's purchase of the Angels adds another prominent team to one of the world's largest sports empires. Changes at the top of a franchise can shape decisions on team spending, management and long-term direction.
Frequently asked questions
Who bought a controlling stake in the Los Angeles Angels?
Stan Kroenke, through his sports enterprise, has acquired a controlling stake in the Los Angeles Angels, according to CNBC.
How valuable 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.
When was the deal reported?
CNBC reported the acquisition on September 1, 2026.