Kroenke, new Angels
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Stan Kroenke reportedly isn't going to wait long to make significant changes surrounding the Los Angeles Angels after purchasing the team.
The Los Angeles Angels are being sold. Embattled and often maligned owner Arte Moreno, who presided over the franchise's decade-plus doldrums, has agreed to sell the club to Stan Kroenke. Kroenke's company,
Eric Dickerson praised Stan Kroenke as a winner while throwing the first pitch at Angel Stadium amid the Angels' $4 billion ownership change.
Commentary: While the team’s new owner could prosper in Anaheim, he has moved a franchise before with great success.
Moreno has agreed to sell the franchise to the Rams and Nuggets owner for a record $4 billion
Kroenke’s purchase of nearly 1 million acres of ranchland marks a growing trend of the ultrawealthy snapping up farmland as an alternative asset.