Angels would expand $25.7B portfolio
Stan Kroenke has agreed to purchase the Los Angeles Angels for $4 billion, a move that would make him the first owner to hold teams in the NFL, NBA, NHL, and MLB simultaneously. This acquisition would bring his total sports portfolio valuation to approximately $25.7 billion.
Why it matters
The deal represents a significant consolidation of professional sports ownership and highlights the rapidly increasing valuations of major sports franchises.
Hear this story Stan Kroenke has slowly assembled a professional sports empire.
On Sept. 1, America’s largest private landowner agreed to buy Major League Baseball’s Los Angeles Angels from longtime owner Arte Moreno in a deal valuing the franchise at $4 billion.
If the purchase is approved by MLB, it would give Kroenke control of a team in each of the NFL, NBA, NHL and MLB — making him the first owner to do so .
Kroenke also owns several soccer teams, including Arsenal in the English Premier League and the Colorado Rapids in MLS, as well as the Colorado Mammoth in the National Lacrosse League.
Using the most recent Forbes valuations available and including Forbes’ $2.8 billion Angels valuation, Kroenke’s sports portfolio would total $25.7 billion. That’s a total valuation above other sports magnates, such as Josh Harris and the Glazer family.
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