Stan Kroenke has agreed to buy the Los Angeles Angels from the Moreno family in a deal that values the MLB team and its regional sports network, Angels Broadcast Television, at $4 billion. The record MLB valuation for the Angels is equivalent to 10 times the team’s 2025 revenue, according to CNBC’s MLB valuations published earlier this year. Here’s what every MLB team is now worth:

Stan Store took $4.2M and years to reach profitability. When we launched our next two products, we rushed to make them profitable in month one. Both hit an ARR ceiling almost immediately because charging too early choked the word-of-mouth flywheel before anyone built a habit. Now we keep the free tier wide open until users return 4 out of 7 days, even if running negative margins makes our finance spreadsheets look terrifying.

“Stan's a great investor,” Bessent said in an interview Monday on CNBC. “He changes his mind a lot. And he doesn't like losing money. I think he lost money the day he sent in the editorial.”