The Los Angeles Angels are being sold by longtime owner Arte Moreno to Stan Kroenke, whose sports ownership group includes major franchises across multiple leagues. Multiple outlets report that Kroenke has reached an agreement to buy the club for roughly $4 billion, ending Moreno’s tenure as Angels owner.

The reports also describe Kroenke’s broader ownership profile. The Athletic and Yahoo Sports note that Kroenke Sports and Entertainment owns teams in the NFL, NBA, NHL and soccer, and has held those franchises during periods that included league titles. Fox Sports similarly frames the deal as Kroenke expanding his portfolio into Major League Baseball.

Outlets differ mainly in emphasis. Inc. focuses on the contrast between the Angels’ long stretch without a winning season and the prospect of a better baseball and ballpark experience under new ownership. Yahoo Sports includes fan and expert reactions and places the deal in the context of Kroenke’s overall estimated sports empire value. Fox News highlights the deal’s scale, describing it as among the largest franchise sales in MLB history. The core point across sources is the announced agreement and its significance for Kroenke’s entry into MLB.