Arsenal owner Stan Kroenke has added an $81.5 million payout to his portfolio before the start of the transfer window, we are told.
Kroenke first became involved with Arsenal as a minor shareholder, before gradually increasing his stake and completing a majority takeover of the club in 2011.
In 2018, he bought back the shares held by Alisher Usmanov to increase his ownership to more than 90%.
The Americans have often been criticized for their handling of Arsenal, including a decision to involve the club in early European Super League bids. Gunner was a founding member, before withdrawing from the project a few days later. Advertisement
But public opinion towards the Kroenke family has grown in recent seasons, especially since Stan's son Josh has become more involved in running the club.
After finishing second in the Premier League 2022/23, the Daily Mail has reported that Arsenal manager Mikel Arteta will be given an initial summer transfer budget of £180m to spend this summer - this could allow the Spaniard to get more chances. priority goals.
And Kroenke has also invested money in growing his business portfolio, we are told.
Kroenke signed a contract worth 81.5 million USD
According to reports, Kroenke paid $81.5 million to buy Malibu Village in California.
The 51,000 square foot mall will add to the list of properties he currently owns in the area. The Real Deal claims Kroenke paid about $1,600 per square foot to buy the land. The deal will increase his net worth, which Forbes reports as $12.9 billion in real time.
In addition to owning Arsenal's men's and women's teams, Kroenke is the CEO and owner of the NFL franchise Los Angeles Rams and owner of the NBA franchise Denver Nuggets.
His involvement in American sports extends to the NHL, where he owns the Colorado Avalanche. He also owns two esports teams in Los Angeles, as well as the MLS franchise Colorado Rapids, which had a technical partnership with Arsenal before the 75-year-old bought a stake in the club. .
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