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Ken Rosenthal Shares Why Arte Moreno Finally Pulled the Trigger on an Angels Sale
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FT senior insider Ken Rosenthal breaks down the stunning $4 billion sale of the Angels to Stan Kroenke and why Arte Moreno decided to sell now after previously taking the franchise off the market. Ken shares what he heard about the role growing fan frustration may have played in Moreno’s decision and explains why the record-setting price ultimately made the timing right. He also discusses why the Angels could be a “sleeping giant” under Kroenke, the potential for major development around Angel Stadium and what new ownership could mean for Mike Trout. Plus, Ken explains how the Angels and Padres sales fit into MLB owners’ push for a salary cap ahead of the next CBA negotiations.
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