Kroenke Eyes $2.5 Billion Angels Stadium After $4.5 Billion Team Deal
Updated
Updated · Bleacher Report · Sep 2
Kroenke Eyes $2.5 Billion Angels Stadium After $4.5 Billion Team Deal
3 articles · Updated · Bleacher Report · Sep 2
Summary
$2.5 billion is the reported price tag for a new Angels ballpark that Stan Kroenke plans after tentatively buying the club Tuesday.
The sale values the Angels at $4.5 billion and is expected to close in early 2027, pending Major League Baseball approval.
Angel Stadium opened in 1966 and has been refurbished several times, making a full replacement Kroenke's first major planned change around the franchise.
Kroenke already built the $5.5 billion SoFi Stadium complex for the Rams, and his $24.3 billion fortune would make him MLB's richest owner if the deal closes.
For a team that has reached the playoffs only once since 2009, the ownership change is raising hopes that heavier spending could extend beyond the stadium.