Stan Kroenke has agreed to buy the Los Angeles Angels from the Moreno family in a deal that values the Major League Baseball club and its regional sports network, Angels Broadcast Television, at a record $4 billion. The price equates to 10 times the team’s 2025 revenue, above the eight-times-revenue multiple in the $3.9 billion sale of the San Diego Padres to José Feliciano and Kwanza Jones that MLB approved last month. Kroenke Sports & Entertainment would add the Angels to a portfolio that already includes the NFL’s Los Angeles Rams, Premier League side Arsenal, the Denver Nuggets, the Colorado Avalanche and the Colorado Rapids, with Arte Moreno remaining a minority owner and closing expected in the first quarter of 2027 subject to league approval. On the back of the Angels transaction, CNBC raised its average MLB franchise value to $4.04 billion, up 37% from March, with the New York Yankees at $12 billion, the New York Mets at $5.4 billion and fifth place, the Miami Marlins still last at $2.2 billion, and the Los Angeles Dodgers left unchanged at $8 billion amid controversy surrounding owner Mark Walter. Bankers cited market location as a key driver of trophy appeal, pointing also to the agreed $12.5 billion purchase of the NBA’s Los Angeles Lakers by Josh Kushner and Bob Iger.