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Stan Kroenke Secures Los Angeles Angels in $4 Billion Acquisition Deal

Consumer Services · Other Consumer Services · cnbc · 2026-09-02

The Moreno family has agreed to sell the Los Angeles Angels to Stan Kroenke for $4 billion, setting a new benchmark for MLB team valuations.

What Happened

Record-Breaking Acquisition: Stan Kroenke has finalized an agreement to purchase the Los Angeles Angels from the Moreno family for $4 billion. This transaction includes the franchise and its associated regional sports network, Angels Broadcast Television, marking a significant milestone in professional sports ownership.

Valuation Benchmarks: The deal represents a valuation at 10 times the team's 2025 revenue, surpassing the recent $3.9 billion sale of the San Diego Padres. This high multiple highlights the premium investors are willing to pay for major market sports assets, which are increasingly viewed as trophy investments.

Market-Wide Revaluation: Following the Angels deal, CNBC updated its MLB valuations, revealing that the average team is now worth $4.04 billion, a 37% increase since March. The New York Yankees maintain the top spot with a $12 billion valuation, while the Miami Marlins remain the least valuable at $2.2 billion.

Strategic Location Appeal: Bankers emphasize that the geographic location of a team is a primary driver of its valuation, as evidenced by the massive $12.5 billion price tag for the Los Angeles Lakers. While some teams saw significant jumps in value, others like the Los Angeles Dodgers remained steady due to ongoing ownership controversies.

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