Stan Kroenke to pass Mets’ Steve Cohen as MLB’s richest owner after Angels purchase

Key Points:

• Stan Kroenke will purchase a controlling stake in the Los Angeles Angels, becoming the richest owner in Major League Baseball with an estimated net worth of $24.3 billion, surpassing Steve Cohen of the New York Mets.
• The Angels' sale, valued at a record $4 billion, is the highest in MLB history and follows the recent $3.9 billion sale of the San Diego Padres, highlighting a trend of escalating franchise valuations.
• The $4 billion valuation includes the team and its regional sports network but excludes real estate, though Kroenke may pursue development opportunities around Angel Stadium, which spans about 150 acres in Anaheim.
• Recent indications suggest that current owner Arte Moreno has stepped back from baseball operations, with interim GM John Mozeliak operating with significant autonomy; the future of the front office remains uncertain until Kroenke's ownership finalizes, expected by early 2027.
• Kroenke's existing sports holdings include the NBA's Denver Nuggets, NHL's Colorado Avalanche, MLS's Colorado Rapids, and Arsenal FC, with a history of promoting internal leadership within his teams.