Stan Kroenke has slowly assembled a professional sports empire.
On Sept. 1, America’s largest private landowner agreed to buy Major League Baseball’s Los Angeles Angels from longtime owner Arte Moreno in a deal valuing the franchise at $4 billion.
If the purchase is approved by MLB, it would give Kroenke control of a team in each of the NFL, NBA, NHL and MLB — making him the first owner to do so.
Kroenke also owns several soccer teams, including Arsenal in the English Premier League and the Colorado Rapids in MLS, as well as the Colorado Mammoth in the National Lacrosse League.
Using the most recent Forbes valuations available and including Forbes’ $2.8 billion Angels valuation, Kroenke’s sports portfolio would total $25.7 billion. That’s a total valuation above
other sports magnates, such as Josh Harris and the Glazer family.
Harris’ ownership stakes include the Washington Commanders, Philadelphia 76ers and New Jersey Devils — a portfolio that equals roughly $15.5 billion by Forbes valuations.
Meanwhile, the Glazer family’s joint portfolio of the Tampa Bay Buccaneers and Manchester United totals $13.8 billion via Forbes.
Madison Square Garden Sports, which owns the New York Knicks and Rangers, sits just behind the Glazer family at $13.75 billion.
The Angels, who Kroenke has agreed to buy at a valuation well above Forbes’ estimate, would become the fourth-most valuable team in his portfolio, behind the Rams, Arsenal and Nuggets.
The premium Kroenke agreed to pay is among the heftiest in recent baseball transactions.
The three most recent MLB control-sale agreements have all valued franchises well above their preceding Forbes estimates, with the Angels going 43% above their latest valuation as of March 2026.
The San Diego Padres sale earlier this year went 26% above the team’s valuation, while last year’s Tampa Bay Rays sale went 36% above.
Those are in contrast with the earlier sales of the Baltimore Orioles and the New York Mets, both of which went for near their Forbes valuation.
Kroenke, however, isn’t alone in putting large sums of money into sports franchises.
Reported franchise transaction values have totaled $34.5 billion in 2026 to date, including the Los Angeles Lakers’ $12.5 billion transaction value and the Seattle Seahawks’ $9.6 billion sale.
The Padres deal was worth just under the Angels total at $3.9 billion, while the Minnesota Timberwolves and Lynx went for a joint total of $4.5 billion.
Combined, those five deals have set a record, beating the previous highs of $23.8 billion in 2025 and $21 billion in 2023.
And while new owners aren’t always an improvement, Angels fans have reason to hope: Kroenke’s teams have all won at least one league championship during his ownership, the most recent being Arsenal’s 2026 English Premier League title. Will the Halos join that circle?
Methodology: Team values are the latest Forbes estimates and represent full franchise enterprise values, not owners’ individual equity stakes. The Kroenke total includes the pending Angels acquisition and excludes the Colorado Mammoth, which Forbes does not value. Franchise transaction data are from J.P. Morgan through 2024 and USA TODAY analysis of Spotrac and league/team reports for 2025-26. J.P. Morgan determined the transaction universe and year placement through 2024. For 2025-26, USA TODAY assigned deals to the year their definitive sale agreement was announced.
Data is current through Sept. 4.
This article originally appeared on USA TODAY: Stan Kroenke's Angels deal would add MLB to his $25.7B sports empire
