Rams owner Stan Kroenke buys Angels from Arte Moreno for record-breaking price

Stan Kroenke conquered Los Angeles football. Now, he’s crossing county lines and stepping into the batter’s box.

The Los Angeles Rams owner has agreed to purchase a controlling interest in the Los Angeles Angels from Arte Moreno, a stunning late-season transaction that now adds a Major League Baseball franchise to Kroenke’s sprawling sports empire that includes the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, the MLS’s Colorado Rapids and Premier League club Arsenal.

It also ends Moreno’s turbulent 23-year run atop the franchise.

The Los Angeles Times reported that the price tag was an MLB record, more than the $3.9 billion the Padres recently went for.

Los Angeles Rams owner Stan Kroenke walks on the field during an NFL football game against the Tennessee Titans on Monday, Nov. 8, 2021, in Inglewood, Calif. AP

Kroenke Sports & Entertainment announced the agreement Tuesday, with the transaction expected to close in the first quarter of 2027, pending MLB approval and customary closing conditions.

“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.”