The Los Angeles Angels are being sold for a record $4 billion. Here's what every MLB team is now worth
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Stan Kroenke has agreed to purchase the Los Angeles Angels from the Moreno family for a record-breaking $4 billion. This deal, which includes the team's regional sports network, sets a new benchmark for MLB franchise valuations.
A Landmark Deal in Major League Baseball
The sports ownership landscape has reached a historic milestone with the announcement that Stan Kroenke has entered into an agreement to acquire the Los Angeles Angels from the Moreno family. Valued at $4 billion, this transaction encompasses not only the Major League Baseball franchise itself but also the organization’s regional sports network, Angels Broadcast Television. This acquisition marks a significant transition for a storied franchise, shifting from long-term family ownership to one of the most prominent multi-sport ownership groups in the industry.
Financial Context and Valuation Metrics
The $4 billion valuation is particularly notable for its financial structure, representing a 10 times multiple of the team’s 2025 revenue. This figure indicates a premium market position, significantly outpacing recent sector activity. For context, the sale of the San Diego Padres to José Feliciano and Kwanza Jones, which was approved by the MLB last month for $3.9 billion, was finalized at an eight times revenue multiple. The Angels' deal reflects a growing investor confidence in the long-term viability of MLB assets despite the evolving landscape of sports media.
The Role of Regional Sports Networks
A critical component of this transaction is the inclusion of Angels Broadcast Television. In an era where traditional cable models are facing immense pressure from cord-cutting and the rise of direct-to-consumer streaming, the ownership of a regional sports network provides a strategic hedge. By controlling both the content—the team on the field, exemplified by star players like Mike Trout—and the distribution platform, the new ownership group secures a vertical integration model that is increasingly essential for modern sports profitability.
Impact on the MLB Ecosystem
This deal has prompted an immediate reassessment of the entire Major League Baseball valuation landscape. CNBC, having tracked these metrics closely, has already begun updating its league-wide valuations in response to the Angels sale. The record-setting price point serves as a new anchor for other owners, potentially inflating the asking prices for future franchise sales and signaling a continued appetite for marquee sports properties among ultra-high-net-worth investors and institutional entities.
Looking Ahead: Ownership and Legacy
As the transition of power from the Moreno family to Stan Kroenke progresses, the focus will inevitably shift toward the operational future of the Angels. With high-profile talent such as Mike Trout remaining central to the team's identity—as demonstrated by his recent defensive performance against the Cleveland Guardians—the new ownership will be tasked with balancing the massive capital investment with the necessity of on-field success. This $4 billion acquisition is more than just a change in ledger; it is a signal that the financial ceiling for professional baseball remains on an upward trajectory.