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00:02Stan Kronka has agreed to purchase a controlling stake in the Los Angeles Angels from the Moreno
00:07family in a deal valuing the team and its regional sports network at $4 billion, according to CNBC.
00:14The transaction is expected to close in the first quarter of 2027. Kronka Sports and Entertainment
00:20was valued at more than $26 billion in CNBC's June ranking of the world's most valuable sports
00:27empires. The acquisition would give Kronka Sports and Entertainment ownership in every major
00:33professional sport. KSE already owns the Los Angeles Rams, Denver Nuggets, Colorado Avalanche,
00:40Colorado Rapids, Colorado Mammoth, and Arsenal Football Club. The company also owns SoFi Stadium
00:47and the 300-acre Hollywood Park District in Inglewood, California. Kronka said the Angels
00:53are a storied franchise in a strong market and that KSE looks forward to the team's future.
00:58For all things money, visit Benzinga.com.
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