The ownership group behind the Colorado Avalanche is adding another major professional sports franchise to what is already an impressive holdings empire. Accord

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.

The owner of the Los Angeles Rams and Denver Nuggets has added a baseball team to its holdings a deal to buy the Los Angeles Angels of Anaheim.