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Upon finalization of the Angels sale in early 2027, Arte Moreno will retain about five percent of the club.

Molly Jolly became president of the Los Angeles Angels in April.

Spokespeople for Arte Moreno and Kroenke Sports and Entertainment declined to comment for this story.

The Ricketts family owns 95 percent of the Chicago Cubs.

Stan Kroenke is 79 years old, a real-estate developer, married into the Walton family, and has a net worth over $24 billion.

Steve Cohen purchased 95 percent of the New York Mets.

Kroenke Sports and Entertainment owns 100% of the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal.

The San Diego Padres sale, which was finalized in August, included approximately $300 million in debt.

The Minnesota Twins' debt of over $425 million hampered a potential sale in 2025, causing the Pohlad family to add minority owners.

Arte Moreno's ownership of the Angels carries no debt.

When Steve Cohen bought the New York Mets for $2.4 billion in 2020, the team had over $300 million in debt.

Arte Moreno bought the Los Angeles Angels from the Walt Disney Company for $183.5 million in 2003 and subsequently bought out his one minority partner.

Arte Moreno owned 100 percent of the Los Angeles Angels.

Stan Kroenke agreed to acquire the Los Angeles Angels from Arte Moreno for a record $4 billion on September 1.

Exploratory talks for the Angels sale between Stan Kroenke and Arte Moreno began in the spring.

Author Mirin Fader lives in Los Angeles.

Mirin Fader is a senior writer for The Athletic who writes long-form features, primarily on the NBA.

Mirin Fader's work has been featured in the Best American Sports Writing book series.

Mirin Fader is the New York Times best-selling author of 'GIANNIS: The Improbable Rise of an NBA Champion' and 'DREAM: The Life and Legacy of Hakeem Olajuwon'.

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