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Interim GM Mozeliak later said that owner Arte Moreno had mentioned a potential sale was a possibility when he first arrived.
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.
Angels team president Jolly said that upon taking the role in March, she knew a sale was contemplated but was unaware of active efforts.
Stan Kroenke is a real estate magnate who built the SoFi Stadium complex in Inglewood, California.
Angel Stadium has been the Angels' home stadium for 60 years.
Molly Jolly became president of the Los Angeles Angels in April.
Arte Moreno announced he was exploring a sale of the Angels in late 2022 but reversed his decision in January 2023.
Upon finalization of the Angels sale in early 2027, Arte Moreno will retain about five percent of the club.
The Los Angeles Angels had three managers in four seasons.
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.
Steve Cohen purchased 95 percent of the New York Mets.
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.
Kroenke Sports and Entertainment owns 100% of the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal.
Spokespeople for Arte Moreno and Kroenke Sports and Entertainment declined to comment for this story.
The Minnesota Twins' debt of over $425 million hampered a potential sale in 2025, causing the Pohlad family to add minority owners.
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.
The San Diego Padres sale, which was finalized in August, included approximately $300 million in debt.
When Steve Cohen bought the New York Mets for $2.4 billion in 2020, the team had over $300 million in debt.