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Interim GM Mozeliak initially said that after joining the Angels in July, the topic of a potential sale 'never came up' in hours of conversation with owner Arte Moreno.
Angel Stadium has been the Angels' home stadium for 60 years.
Stan Kroenke is a real estate magnate who built the SoFi Stadium complex in Inglewood, California.
The Los Angeles Angels had three managers in four seasons.
Arte Moreno announced he was exploring a sale of the Angels in late 2022 but reversed his decision in January 2023.
On September 1, the Los Angeles Times published news of the Angels sale at 11:13 a.m., while the Angels released their statement at 11:36 a.m.
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.
Stan Kroenke is 79 years old, a real-estate developer, married into the Walton family, and has a net worth over $24 billion.
The Ricketts family owns 95 percent of the Chicago Cubs.
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 owned 100 percent of the Los Angeles Angels.
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.
Stan Kroenke agreed to acquire the Los Angeles Angels from Arte Moreno for a record $4 billion on September 1.