The billionaire’s company agreed to purchase a controlling interest in the MLB franchise from another billionaire, Arte Moreno. The billionaire owner buys the team from Arte Moreno thewrap.com/">TheWrap. Key points and original sources are listed below.

• The billionaire’s company agreed to purchase a controlling interest in the MLB franchise from another billionaire, Arte Moreno.S1

• The billionaire owner buys the team from Arte Moreno thewrap.com/">TheWrap.S2

• The sale gives Stan Kroenke teams in all four major US men’s leagues plus soccer, and a year-round Southern California presence next to the Rams.S3

• Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empire.S4

• Sports mogul Stan Kroenke is purchasing the Los Angeles Angels Of Anaheim from Arte Moreno.S5

• Billionaire Stan Kroenke, who also owns Premier League side Arsenal and NFL team the Los Angeles Rams, added Major League Baseball to his empire with the move.S6