Billionaire Stan Kroenke expanded his portfolio of professional sports teams on Tuesday when he agreed a deal to buy the Los Angeles Angels.
Kroenke, who also owns Premier League side Arsenal and NFL team the Los Angeles Rams, added Major League Baseball to his empire with the move, purchasing the Angels from Arte Moreno.
‘The Angels are a storied franchise anchored in a great market,’ Kroenke said in a statement. ‘We look forward to an exciting future with the Angels organization.’
The purchase, the price of which was not announced, ends Moreno’s troubled tenure with the Angels.
The 80-year-old, who was MLB’s first Latino
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