Kroenke Expands Sports Empire with LA Angels Acquisition

Billionaire Stan Kroenke has expanded his sports empire by purchasing a controlling stake in the Los Angeles Angels from fellow billionaire Arte Moreno. This deal adds a Major League Baseball franchise to Kroenke's portfolio of professional sports teams, which already includes the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, and Arsenal F.C.

The acquisition is a significant move for Kroenke, who has been building his sports empire over the years. His company, Kroenke Sports & Entertainment, will now have control over the MLB franchise, giving him a presence in multiple professional leagues.