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    "headline": "Stan Kroenke acquires majority stake in LA Angels, ending Moreno era",
    "dek": "Kroenke Sports & Entertainment agreed to buy a majority stake in the Los Angeles Angels, pending MLB approval.",
    "prose": "Kroenke Sports & Entertainment (KSE) announced on 2026-09-01 a definitive agreement to acquire a majority stake in the Los Angeles Angels of Major League Baseball, bringing an end to the Moreno family's 23-year ownership of the franchise. [^1]\n\nStan Kroenke has acquired a controlling interest in the Los Angeles Angels through Kroenke Sports & Entertainment. [^2]\n\nStan Kroenke agreed to purchase the Los Angeles Angels for a record $4 billion, surpassing the previous MLB sale record of $3.9 billion. [^3]\n\nForbes valued the Los Angeles Angels at approximately $2.8 billion, while the official sale price was not disclosed at the time of the announcement. [^4]\n\nThe deal to transfer ownership of the Los Angeles Angels is subject to approval by Major League Baseball owners, with the formal transfer of control expected to be completed in early 2027. [^5]\n\nThe Los Angeles Angels, who have not reached the postseason since 2014 and count Mike Trout among their stars, faced heavy criticism from fans during Moreno's ownership due to a prolonged trophy drought. [^6]\n\nAccording to Forbes, Stan Kroenke currently has an estimated net worth of $24.3 billion. [^7]\n\nStan Kroenke already owns the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, MLS side Colorado Rapids, and Premier League club Arsenal. [^8]\n\nThe transaction is expected to close in the first quarter of 2027, pending approval from Major League Baseball. [^9]\n\nArte Moreno, aged 80, has owned the Angels since 2003 when he purchased the team from the Walt Disney Company for $180 million. [^10]\n\nArte Moreno, a 80-year-old outdoor advertising magnate from Arizona, purchased the Angels from Walt Disney in 2003. [^11]\n\nUnder Moreno's ownership, the Angels have entered their 12th consecutive campaign without playoffs and are heading into their 11th consecutive season with a losing record. [^12]",
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    {
      "statement": "Kroenke Sports & Entertainment (KSE) announced on 2026-09-01 a definitive agreement to acquire a majority stake in the Los Angeles Angels of Major League Baseball, bringing an end to the Moreno family's 23-year ownership of the franchise.",
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    {
      "statement": "Stan Kroenke agreed to purchase the Los Angeles Angels for a record $4 billion, surpassing the previous MLB sale record of $3.9 billion.",
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      "statement": "According to Forbes, Stan Kroenke currently has an estimated net worth of $24.3 billion.",
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      "statement": "Stan Kroenke already owns the NFL's Los Angeles Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, MLS side Colorado Rapids, and Premier League club Arsenal.",
      "source": "Hindustan Times",
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      "statement": "Arte Moreno, a 80-year-old outdoor advertising magnate from Arizona, purchased the Angels from Walt Disney in 2003.",
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      "statement": "Under Moreno's ownership, the Angels have entered their 12th consecutive campaign without playoffs and are heading into their 11th consecutive season with a losing record.",
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