stan kroenke

In his first offseason as the Angels’ owner, Arte Moreno landed the best player available in free agency: Vladimir Guerrero, the only player to wear an Angels cap on a Hall of Fame plaque.

Could Stan Kroenke do the same thing in his first offseason as the Angels’ owner?

Kroenke is not expected to be approved as Moreno’s successor until early next year. By then, players might be in spring training — or might still be sitting home, awaiting the end of a lockout and a subsequent free-agent signing frenzy.

The best player in this fall’s free-agent class is certain of one thing: Whenever Kroenke takes over, Anaheim instantly becomes a preferred destination for stars across the major leagues, with a new owner not just promising to spend to win but a demonstrated history of doing so.

“Absolutely,” Dodgers pitcher Tarik Skubal told The Times. “Not only an owner that has obvious financial backing, but an owner that has turned the Rams into what the Rams are. I think they’re the Super Bowl favorite this year. There’s an owner that cares about winning.

“The impact he brings to the Angels? You bring an owner that really cares about winning and is willing to do whatever it takes to win and invest, not only with players on the field but all the stuff behind the scenes, like clubhouse renovations. I’m sure there will be a lot of stuff there that changes to make it state-of-the-art, because all that stuff matters.”

Under Perry Minasian, the Angels’ general manager from 2021-26, the largest free-agent signing approved by Moreno: pitcher Yusei Kikuchi, for $63 million.

Kroenke would be the richest owner in baseball, with a net worth estimated by Forbes at $24 billion.

Skubal said he is focused on helping the Dodgers toward a third consecutive World Series championship and has not thought much about his free agency. Speaking generally, he said, it is likely that players that might not have considered signing with the Angels might now do so.

“You want to feel wanted,” Skubal said. “And you have an owner that is willing to do whatever it takes to win. Winning is the most important thing in sports. When you get yourself in that environment, I think guys do want to play there.

“Just look around the league: Guys tend to gravitate toward teams that are winning and teams that are in the playoff hunt every single year, with World Series aspirations every single year. I think free agents gravitate toward that in general. I’m sure that will be the case.”

From the players’ viewpoint, the successive sales of major league franchises at record values — the San Diego Padres at $3.9 billion, then the Angels at $4 billion — reflects good economic times. From the owners’ standpoint, the mid-market Minnesota Timberwolves of the NBA just sold at a $4.5 billion valuation.

Commissioner Rob Manfred has cited lagging franchise values in baseball as a reason owners want a salary cap, which the NBA has. Yet the Padres and Angels sold before their owners found out whether they could secure the salary cap the league insists is a primary objective in collective bargaining.

“I think it’s pretty obvious what that says, right?” said Skubal, one of eight players on the union’s executive subcommittee.

“If that’s the complaint that ownership and MLB is holding onto, I think they’re proving themselves wrong by selling these teams for record values. I think those clubs selling continues to support the argument that our game is in a really good spot.”

The owners also pitch a salary cap as a tonic for competitive balance, citing what they say is a $441-million gap between the Dodgers’ top-ranked payroll and the Miami Marlins’ bottom-ranked payroll.

The players point to franchise sales as another economic indicator. The Padres last sold for $800 million, in 2012. The Angels last sold for $183.5 million, in 2003.

“It’s a very profitable business venture,” Skubal said. “The sport itself is great. The product on the field is outstanding.”

Mike Trout was practically beaming. He dropped the phrase “fresh start” four times in an interview that barely lasted five minutes.

The burden of the Angels’ failures has been disproportionately his to bear. He has insisted that his path to Cooperstown would run through Anaheim and only Anaheim. He has played 16 seasons for an owner that blessed him with half a billion dollars, treated his family like royalty and stranded him in position to conclude a star-spangled career without ever winning a postseason game.

On Tuesday, Trout learned that the Angels would have a new owner: Stan Kroenke. Trout got off the call, looked up Kroenke and has not stopped smiling since.

“What a track record,” Trout said. “Wherever he buys, he wins.”

Rams owner Stan Kroenke has agreed to purchase a majority stake of the Angels on Tuesday. The deal is pending regulatory review and MLB approval.

(Kyusung Gong / Associated Press)

The Rams. The Colorado Avalanche. The Denver Nuggets. Arsenal.

So what if the Angels have baseball’s longest playoff drought? They now have baseball’s richest owner, with a net worth valued by Forbes at $24 billion.

Kroenke bought a controlling share of the Angels at a valuation of $4 billion, a record for a major league team, with current owner Arte Moreno retaining a small stake, a source with knowledge of the deal not authorized to discuss it publicly told The Times. The sale includes the team-owned television and radio outlets, ABTV and AM 830. The deal is subject to customary closing conditions and MLB approval.

In 2009, ESPN put Moreno on the cover of its magazine, proclaiming the Angels delivered the best value of the then-122 teams in the NFL, NBA, NHL and Major League Baseball. In this decade, the experience had been so devalued by 12 consecutive losing seasons that resale tickets for Tuesday’s game against the mighty New York Yankees were available for $5, amid a season of fans regularly chanting “Sell the Team!”

“He’s aware of the chants,” Angels president Molly Jolly said. “He knows about them. At the end of the day, this is about having the right next owner more than it is about anything else.”

Jolly wouldn’t say whether Kroenke or Moreno initiated the negotiations. She did say the sale was not conducted through a formal bidding process, but proceeded through face-to-face discussions between Kroenke and Moreno.

“He has a traditional sense about him,” Jolly said. “To be able to sit down with another gentleman and have a conversation and talk about baseball and the franchise, that resonates for how he thinks and looks at things, rather than it being a complex conversation.

“I think that’s what was the ‘Why now?’ It was the right person having the right conversation with him.”

As far as she knew, Jolly said, the conversations had not started when she assumed the team presidency in April, but the possibility of a sale had “always stayed out there” after Moreno invited bids in 2022 and then decided not to sell.

In July, after joining the Angels as interim general manager, John Mozeliak said he had spoken with Moreno for hours and the topic of whether the owner might sell the team “never came up.” On Tuesday, Mozeliak acknowledged that, when he started his position, Moreno “had mentioned that this was a possibility.”

Fans at Angel Stadium hold up signs during a game against the Yankees Tuesday marking Stan Kroenke’s agreement to purchase the Angels from Arte Moreno.

(Mark J. Terrill / Ap Photo/mark J. Terrill)

The sale is not expected to be finalized until early next year. Kroenke has not done the usual due diligence that would precede a sale — meeting with team management and touring the stadium — and has not introduced himself to officials from the city of Anaheim. The city owns the stadium and surrounding parking lots, a 150-acre site that city officials would love to see Kroenke develop.

In the meantime, it’s business as usual for the Angels. Mozeliak, who ran the St. Louis Cardinals when the Rams played in St. Louis, said he never has met Kroenke. He did recall speaking with Kevin Demoff, who oversees all of Kroenke’s teams.

Mozeliak has no idea whether Kroenke might invite him to stay, but for now the plan of rebuilding the team and reorganizing the front office remains on course, in the interest of serving fans weary and frustrated after 12 consecutive losing seasons.

“We’ve been preaching change all along,” Mozeliak said. “Now they’re going to see even more.”

And, he noted, the Padres and Angels had sold at successive record prices for MLB teams, despite the prospect of a lockout and owners’ hopes for a new collective bargaining agreement with a salary cap intended in part to raise franchise values.

“A lot of people thought teams wouldn’t sell until there was a new CBA,” Mozeliak said. “Clearly, that prediction was wrong.”

In the clubhouse, no one was talking about that. Neto was talking about the call Trout made to “some of the Rams guys” for a scouting report on Kroenke.

“I reached out to one Rams player,” Trout said, smiling. “He exaggerates a little bit.”

Still, given the national attention given last winter to the air conditioning not working properly in an Angel Stadium weight room, Neto said the evaluation from the Rams’ locker room was glowing.

“The most important thing they said is, he just wants what’s important for us,” Neto said. “That’s to make the clubhouse better, in the sense of whatever we need, we get, whether that’s amenity-wise, speakers, whatever it is, he’ll make sure we get those.”

Trout was so enthusiastic that, when a reporter asked if he was excited about what the new vision might be, he answered before the reporter could finish asking the question.

“No doubt,” Trout said. “Obviously, when you’re frustrated the last — I don’t know how many years it’s been, but to hear the news like this, I’m super excited to have this change.”

For his part, Neto sounded ready to pitch Tarik Skubal on pitching for the Angels — or, at least, pitching Kroenke on the possibility of recruiting him in free agency.

“Who doesn’t want to be in Southern California?” Neto said. “The weather is beautiful here. We have the best fans, in my opinion. We have a beautiful stadium.

“Who wouldn’t want to be here and play in this organization, in this market? It would be a no-brainer.”

Trout said the ownership change “was needed” and said there was “a good vibe around the clubhouse,” but both he and Neto expressed appreciation for Moreno.

“Arte was very supportive of us, whatever the outside noise was,” Neto said.

“I’ve seen a lot of hate, a lot of love, a lot more hate. But, as a player who has played under him, it was a lot of love. He treated us well, and that’s all you can ask for as a player.”

Who’s house? Angels’ house!

To all you long-suffering Halos fans, light that baby up, because salvation is at hand.

His name is Stan Kroenke, and he’s Rams tough, and he’s just spent a record $4 billion to transform your slumbering baseball organization into something that dazzles like Matthew Stafford and dominates like Myles Garrett.

Kroenke, whose illustrious ownership of the Rams resulted in their move to Los Angeles, a $5.5-billion stadium, and a Super Bowl championship, has agreed to take control of the Angels’ carcass from Arte Moreno in the franchise’s best move since Darin Erstad caught that fly ball on Oct. 27, 2002.

Rams owner Stan Kroenke holds up the Lombardi Trophy after his team beat the Bengals to win the Super Bowl at SoFi Stadium in 2022.

(Wally Skalij/Los Angeles Times)

This is huge. This is landscape altering. This is like Southern California just added an expansion team led by one of the best owners in sports.

For the Angels, currently the second-worst team in baseball and on track to finish a league-worst 12th consecutive season out of the playoffs, this is downright life changing.

Kroenke builds. Kroenke spends. Kroenke wins.

The sale is not expected to close until early 2027, so change will come slowly, but buckle up, because a bumps-be-damned renovation is coming.

First, the Angels are getting a new stadium. Kroenke hasn’t confirmed it, but it’s surely happening. He’s a real estate guy at heart who loves turning empty lots into palaces and that’s what he’ll do in Anaheim.

You think SoFi is nice? Here’s guessing the new Angels stadium will be nicer, and surrounded by the sort of commercial baseball village sprouting up all over the major leagues. The stadium and its environs will offer everything the Dodgers can’t, and may just steal a few fans in the process.

Second, the Angels are getting new swashbuckling leadership. Don’t know who, but expect the new general manager to be the kind of leader who will boldly sacrifice the future to win now, because that’s what Kroenke does, he wins now. Think baseball’s version of Les Snead.

Third, the Angels are getting one of the game’s bright young managers. Don’t know who, but he will be a guy who’s big on analytics and even bigger on the human touch, and he’ll probably be very young and very anonymous and eventually very successful. Think baseball’s version of Sean McVay.

The overall theme of Kroenke’s leadership will be championship or bust. He hates finishing second, and has left no stone unturned in giving the Rams every opportunity to succeed.

When he brought the Rams back to Los Angeles in 2016, he gave the team all of 13 games before firing then-coach Jeff Fisher after going 4-9. Soon thereafter he made 30-year-old McVay the youngest coach in NFL history and they’ve since become arguably the most admired franchise in the NFL.

Kroenke wins both on the field and in the community. His entire operation, which also owns the Denver Nuggets of the NBA, the Colorado Avalanche of the NHL, the Colorado Rapids of MLS and Arsenal of the Premier League, is led by Kevin Demoff, a lifelong Angeleno who understands and works the local market as well as any sports executive ever. The community has become saturated with Rams, and the same will be happening with the Angels as they increase their reach into Los Angeles County, something Moreno tried but could never pull off.

The name will remain the Los Angeles Angels, not because Kroenke doesn’t like Anaheim, but because he knows his investment must expand out of Orange County to eventually reap rewards.

“The Angels are a storied franchise anchored in a great market,” Kroenke said in a statement. “We look forward to an exciting future with the Angels organization.”

Storied. Anchored. Exciting. Those are words you rarely heard about the Angels under Moreno, whose 23-year stewardship began with a cheer and ended with a whimper.

Angels owner Arte Moreno has agreed to sell the team to Rams owner Stan Kroenke.

(Sean M. Haffey / Getty Images)

Remember how, in his first news conference after buying the team from Disney, he lowered beer prices? He was fun, he was innovative and he was the first Latino majority owner in major American team sports. It was all so cool, and the team responded with five American League West titles and two appearances in the American League Championship Series.

But he eventually made some terrible free-agent decisions — bringing in Albert Pujols, Josh Hamilton and Vernon Wells — and slowly lost touch with a winning formula.

The last straw was four seasons ago when he refused to trade star Shohei Ohtani and eventually lost him to the Dodgers in a free-agent bidding war he reportedly could have won.

In the end, fans were chanting for him to get out and this columnist wrote that he should sell the team … to Stan Kroenke.

Somebody listened!

It’s a sweet marriage, a perfect match, an outcome that deserves to be accompanied by the words of the late, great Rory Markas.

“Just another Halo Victory!”

Is it ever.

When the Angels won their lone World Series, this was the headline in the Los Angeles Times: “Fantasyland!”

Can we run that headline again?

For your new owner, Angels fans, you get a proven winner and real estate developer — more on that in a second — whose very name drips with baseball history.

You know him as Stan Kroenke, the owner of the Rams. His full name is Enos Stanley Kroenke, so named in honor of two St. Louis Cardinals Hall of Famers: Enos Slaughter and Stan Musial.

As he assembled his sports empire, baseball was the one sport that eluded him. He has the Rams, the Denver Nuggets, the Colorado Avalanche and Arsenal. He badly wanted the Dodgers, a runner-up in the bidding when Mark Walter bought them in 2012.

Now he is acquiring the Angels — at a $4-billion valuation, a record for a baseball team — and getting the closest thing to a blank slate that any owner can get without buying an expansion team.

The general manager? He’s an interim, and his contract expires this year.

The manager? His contract expires this year too.

The roster? The only players currently under contract for next year are outfielder Mike Trout — the Angels’ answer to Musial — and pitcher Yusei Kikuchi.

The stadium? The lease expires in six years.

The Angels’ playoff drought? The longest in the majors, going on 12 seasons. Go, Super Bowl champ, go!

For Kroenke, the first order of business might well be a comprehensive search for what would be the Angels’ answer to Les Snead and Sean McVay, the GM and head coach duo that led Kroenke’s Rams to a Super Bowl championship. The players might not be the next order of business. The deal is not expected to be approved until early 2027, according to a sale announcement, and who knows whether owners still will be locking out players by then?

But Kroenke appears to be the perfect guy to resolve the longest-running and most critical order of business in Anaheim: resolving the Angels’ future there.

For 60 years, the Angels have played in a stadium surrounded by 130 acres of parking lots. For 60 years, fans have driven into the parking lots, watched the game, and driven home. For 60 years, the city has lost untold millions in tax revenue by failing to build anything atop those parking lots.

Kroenke just does it. He is doing it around SoFi Stadium, which he built. He is doing it around the Rams’ training facility in Woodland Hills, which he built. He plans to do it around the sports arena he is building in San Diego.

Now Kroenke could lobby for a new ballpark in Inglewood, in place of the Forum, and call it synergy. James Butts, the mayor of Inglewood, has said he would frown upon a ballpark there.

But here’s betting Kroenke won’t ask. The sale announcement highlighted Kroenke’s “presence in one of the largest sports and entertainment markets in the United States” and said the purchase of the Angels “extends this footprint south into a market of more than three million residents with its own distinct civic identity, corporate base and tourism economy.”

Kroenke wants what all sports owners want these days: money coming out of a stadium site 365 days a year, not just on game days. That means shops, restaurants, homes, hotels, offices, parks, music venues, and food halls. And good luck to Kroenke or any other developer trying to find a vacant 130 acres in any urban area in Southern California, much less one adjacent to a train station and within three freeways.

This is already happening across the 57 Freeway from Angel Stadium, where Ducks owners Henry and Susan Samueli are putting up what they call the OC Vibe. Kroenke’s history indicates he would do something just as fun, and likely grander given that he’ll have more land, and suddenly Anaheim could be the coolest place to be in Orange County (*unless Olivia Rodrigo is putting on another Daisy Chain Fields festival in Irvine).

And, if Kroenke is willing to rename the team the Anaheim Angels, the city and its local assemblyman just pushed through a new law that could provide him with a significant financial incentive for development, which in turn could reduce his cost to build the new ballpark the Angels so desperately need.

The city owns the stadium and parking lots, so they were not part of the team sale. City officials have not met with Kroenke.

“Fans and residents welcome the start of a new chapter for baseball in Anaheim,” Mayor Ashleigh Aitken said. “I am encouraged by Stan Kroenke’s track record with the Rams and his commitment to investing in and uplifting neighborhoods.

“I look forward to working with the team’s incoming ownership to advance our city’s priorities around housing, open space and youth sports at the right time.”

For decades, Anaheim has loftily labeled the land around the neighborhood around the “Platinum Triangle.” Now the city might well have struck gold.

The local assemblyman that introduced that law, Avelino Valencia, could hardly have been any happier Tuesday.

“This is a big day for Anaheim,” Valencia texted me. “For 60 years, our community has filled Angel Stadium, raised a World Series banner as the Anaheim Angels, and shown up through every season.

“Few cities can offer a new owner a foundation like that. New ownership means new possibilities, and Anaheim is ready for them.

“I congratulate Stan Kroenke and Kroenke Sports and Entertainment on their agreement to purchase the Angels, and I welcome them home. Let’s build a partnership rooted in pride of place, a team that reflects the city it calls home, and the return of the Anaheim Angels.

“Anaheim is ready to work together, and Anaheim is ready to win.”

In a statement, Sen. Tom Umberg (D-Santa Ana) called it “a great day for Angels fans and Anaheim.”

As the stalemate between the city and Angels owner Arte Moreno grew more entrenched, the condition of Angel Stadium deteriorated. So did Moreno’s investment in the team.

Three years ago, the city commissioned an assessment of what it would take to keep Angel Stadium up and running for decades to come. We’re still waiting.

Those words, in a nutshell, exemplified the relationship between the team and the city in recent years. When the news broke Tuesday, a city official reached out to me to ask if it were true. And, after years of city officials sniping that the Angels had for a decade clipped the “of Anaheim” from their “Los Angeles Angels of Anaheim” name, the Angels emailed a statement confirming the sale with this headline: “Kroenke Sports & Entertainment to Acquire the Los Angeles Angels of Anaheim.”

After a season of “Sell The Team” chants, Moreno did. And, after Gov. Gavin Newsom signed Valencia’s bill into law last week, the title of the law actually sounded more appropriate Tuesday: “The Home Run for Anaheim Act.”